Lovitt Resources Inc. (TSX: LRC.V) is an emerging gold mining company planning to initiate an exploration program to expand the gold and silver resource at its crown jewel, the Lovitt Mine in Wenatchee, WA. Major mining companies Teck Corporation, Asamera Minerals (US) Inc., Newmont Mining Inc., and Cyprus Anvil conducted exploration in the 1970’s and 80’s focused upon producing an open pit mine. The open pit idea recognized the high tonnage lower grade potential, but current management is focused upon the historic high grade gold/ high return on capital model, maintaining as green a footprint as possible.
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