The project is located near Pony, Montana, and the existing 14,000 ton stockpile is a sulfide ore which has tested at an average grade of .22 ounces of gold per ton.
The company said it is currently awaiting metallurgy work necessary to formalize a shipping schedule and to arrange for processing the material with an offsite third party.
Steele Resources CEO Scott Dockter said that being able to commence processing the Mineral Hill stockpile offers the possibility of realizing initial revenue later this year for the company and provide capital to be used to begin drilling exploration and for further development of the project.
