Piedmont Resources Corporation was founded in 1982 by its’ President, Bruce R. Horncastle. His vision and mission was to acquire, operate and explore energy and mineral interests predominately in the Eastern United States.
Mr. Horncastle sought out areas of opportunity for acquisition of interests, which have included producing, and non-producing oil and gas wells in New York, Pennsylvania and West Virginia. In addition, gold & silver mining properties were leased in the mid- 1980s for exploration and production. In the early through mid 1990’s, Piedmont managed to acquire 1900 acres of mineral interests for oil & gas in Allegany Co., New York, with partial interests or total ownership in 318 wells. Presently, 24 of those oil wells are producing, with more being planned and returned to production at a measured rate consistent with best practices.
In 1992, Piedmont Resources Corporation founded Phoenix-Barrier Mining Corporation, which acquired the Phoenix Gold Mine properties in Concord, North Carolina…this acreage consists of a total of 413.5 acres of fee mineral interests and at least three gold mines. The Phoenix Gold Mine and associated mines on this property at one time was the second largest gold producer in the eastern United States. Piedmont is seeking to undertake additional exploration work on a selection of the ore bodies as soon as practicable.
Phoenix-Barrier Mining Corporation also owns 92.5 acres of patented mining claims in the Cripple Creek, Colorado area, which was at one time the largest gold mining camp in the world…gold is still actively mined there by the largest gold producer in the world, Anglo-American Corporation.