Price Reduction 10/25/10 $2ML Expansive 400 acres of fractured aggregate, patented gold (to 0.56 opt) and silver (to 1.6 opt) mine on well-maintained County road in Southwestern AZ. All permits, approvals, reclamation plan, and registered water well in place. Comprehensive mineral and mining information in file. Twenty (20) patented claims were filed in 1907 for the purpose of gold exploration, but knowledge of the mine goes back to 1896. The area is rich in fractured and decorative rock, which may be its biggest asset, in addition to numerous quartz outcroppoings. The mine is one of the few remaining, and probably the largest patented, unexplored gold-silver deposites in Southwestern Arizona.
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This site 40 acres has never been mined, it is part of the gold basin/lost basin as reported by United States Geological Society, which projected between .5 grams a ton to 1.5 grams per ton. The depths down to 120 ft have been tested and gold has been found throughout. The gold alone on this site would be greater than $250MM at a minimum. We have...Very Rich Placer Gold Mine ( 80 Acres )
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