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Historic C.O.D. Gold Mine – 20 acre Lode Mining Claim for Sale – Kingman, Arizona

$375,000.00

This is not a mine for a small prospector or weekend miner. This is a large, productive mine that reported $400,000,000.00 in documented reserves when gold was less than $425 and silver was $8 an ounce.A conservative estimate in todays values would be over $1,200,000,000.00 ($1.2 Billion). The mine workings are accessed by a 900′ shaft that is marked by multiple drift levels with a full assay report on the levels. This mine will need some permitting and work to operate again. With that in mind, there is over $1 Billion in reserves to be worked. 

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Historic C.O.D Gold Mine and Camp Overview


20 Acre Lode Claim – Wallapai District – Mohave County, Arizona

Gold Rush Expeditions, Inc. is proud to present the Historic C.O.D. Gold Mining Claim. This is a 20 acre lode mining claim for sale exclusively through Gold Rush Expeditions, Inc. The claim is located just outside of Kingman, Arizona and has been properly staked and marked at all corners. All Gold Rush Expeditions, Inc. claims have been meticulously surveyed, mapped and researched. Field work is completed by our own experienced, well versed Mine Survey Team.

This is not a mine for a small prospector or weekend miner. This is a large, productive mine that reported $400,000,000.00 in documented reserves when gold was less than $425 and silver was $8 an ounce. A conservative estimate in today’s values would be over $1,200,000,000.00 ($1.2 Billion). The mine workings are accessed by a 900′ shaft that is marked by multiple drift levels with a full assay report on the levels. This mine will need some permitting and work to operate again. With that in mind, there is over $1 Billion in reserves to be worked. 

The COD Massive gold mine that operated commercially from before 1900 into the early 1990s. The Mine is a series of levels on a 900’ shaft with a steel headframe. An adit is referenced but has been reclaimed and will need to be dug out. The mine was noted as operated for Gold, Copper and other ancillary minerals. Mine outbuildings include a miners shower/clean off building, an old mill, a newer mill with steel frame. There are shaker tables still in the old buildings. This should be noted as a very one of a kind claim. The COD operated from turn of the century to late this century. Millions of dollars were turned out of the mine. Historical reports noted several million in gold and silver reserves. The majority of the workings are underground and underground access will be required to work the high grade ores. There are thousands of tons of unprocessed waste rock above the mill, waiting for processing. These ores show gold, quartz and silver. The concentrate tailings are also several hundred tons and much has washed down the canyon.

A 2004 Report on the mine stated the following:

COD Mine includes  in Kingman AZ… COD was discovered and worked since the 1880’s and last operated in the 1980’s. The mine has some 1.2 M tons of a proven, probable and possible resources exceeding $400M USD of in ground resources at today’s prices from the old reports.

These resources are attributed from a single vein system from only the COD mine, as there are 7 additional known productive veins and 3 additional producing mines. There is also additionally an estimated 40,000 tons of above ground tailings resources
The COD mine has a 600 ft deep shaft and some 1700 ft of tunnels. Included is an extensive channeled chip sampling with assays and extensive maps from the previous operator.
The COD mine is a gold-silver mine with significant lead and zinc grades. The gold grade ranges from 5 to 7 grams per ton and the silver grade ranges from 8 to18 ounces per ton. The lead and zinc grades are approximately 3%. The previous estimation of $400M USD is based upon 9 previous NON-COMPLIANT NI. 43-101 geological studies and speaks only to the ore blocks encountered in the underground workings from the past producer in the 1980’s. The underground workings could be significantly expanded.

History of the Mines

From a 1909 report,

The C.O.D. mine is about 2 1/2 miles north of Stockton Hill, in the upper or gulch part of C. 0. D. Wash, at about 4,900 feet elevation. It is easily reached by a good wagon road. The mine was located about 1878 and was worked in a desultory manner until 1885, when active work was begun on the property. About 4,000 tons of ore was produced in the next seven years. Activities were renewed about 1900, with an output of several hundred tons of concentrates. In 1902 machinery and a mill were installed, immediately after which the mine and mill were operated for a period of six months, when, owing to decline in the market value of silver and, it is said, mismanagement and lack of proper machinery, the plant was closed. Later the Fletcher Mining Company leased the mine under bond and worked it for a short time, shipping the ore to Needles, but is said to have soon stopped operations for want of funds. The mine was closed again November 19, 1904, and operations have not yet been resumed.[1]

From a more recent report,

Schrader (1909) reported that 3,687 tons of ore were shipped to the smelter between 1885 and 1892. These shipments were reported to have contained 402,000 ounces of silver (Ag), 1,180 ounces of gold (Au), and 515,670 pounds of lead (Pb). This would give a grade of 109 oz/ton Ag, 0.32 oz/ton Au and 7% Pb. Additionally Schrader reported that between 1900 and 1902 330 tons of ore were shipped to the smelter, and that this ore contained 17,550 ounces of silver, 180 ounces of gold and 114, 360 pounds of lead. This would be the equivalent of a grade of 53.0 oz/ton Ag, 0.545 oz/ton Au and 17% Pb/ton.

The earliest reported mill at the C.O.D. Mine was in 1902. It was a 50 ton per day concentrating mill which operated for 6 months. The Economics Branch of the U.S. Bureau of Mines (Hale, 1963) reported production from the C.O.D. Mine from 1901 to 1948 to be 1,550 ounces of gold, 151,263 ounces of silver, 23,924 pounds of copper, 348,872 pounds of lead and 23,188 pounds of zinc. Construction of a new gravity mill was completed in 1982. All operations were suspended in 1985. The mine was put on a standby mode and the shaft was kept de-watered until 1990.

The most recent operations at the C.O.D. Mine were from 1979 until 1985. Operations at the C.O.D. Mine were suspended in January 1985 again as a result of the depressed metal prices. From 1985 through 1991, the mine was kept in a standby position with the shaft being kept dewatered and surface facilities being maintained on a minimal basis.
The C.O.D. Mine was originally located about 1878, but it remained inactive for approximately seven years (Schrader, 1909). Schrader reported that the mine had been developed by a shaft to the 400-foot Level (120 m) below surface, and contained two main and two sub-level workings (drifts). The total amount of underground workings to 1909 was 2,500 feet (760 m). The original shaft is located 400 feet (120 m) east of the current main shaft as represented by the present headframe (Plate 2). The 300-foot Level (91 m) of the old shaft was reported to have been stoped to surface for approximately 400 feet (120 m) on either side of the original shaft. Beyond the stoping to the east it was reported (1909) that good ore was still in place. It was also reported that the 300-Level drift was extended to the west for 900 feet (274 m). A second shaft (now the main shaft), apparently also being developed at the time, was reported to be at a depth of 96 feet (29 m). By 1921 the current shaft was reported to be at 440 feet (134 m) below surface, and the 440 foot-Level had been extended to the west approximately 490 feet (149 m). It was extended a further 375 feet (114 m) to the west. In 1969 the property was leased to Vernon Taylor of Kingman Silver Mines, Inc., and was extensively explored through to 1971. During this time the Main (new) shaft was repaired and deepened to the 640-foot (195 m) Level. The following is a table of work carried out during that time: In 1979 Mr. Charles Porter acquired a sub-lease from Kingman Silver. This was shortly thereafter assigned to Newbery Resources, Inc. Very little work was carried out underground. Newbery was acquired by Alanco Environmental Resources Corporation from its parent Newbery Energy Corp., giving Alanco the rights to the property
From that time until December of 1985 the mine was de-watered to below the 560-foot (171 m) depth and the main shaft was completely rehabilitated to the 550-foot (168 m) Level. This work included a new shaft collar, timbering, new headframe and hoist (Plate 2), all new track in the shaft and drifts, compressed air, fresh air, powerline, communication system, and waterline being installed. The work stations on the 400-foot and 500-foot levels were completely redone and new ore blocks were established. Two major stopes and one small stope, with ore shoots, were developed on the 500-foot Level. Production by Alanco in 1984 was approximately 2,600 tons of ore from a sub-level stope on the 400-foot Level and a stope from the 500-foot Level. Alanco reported the average grade of the ore to be 1.0092 oz/ton Au and 13.51 oz/ton silver. Geological mapping was carried out on the 500-foot Level, both east and west of the main shaft. Reconnaissance mapping was conducted on the surface. This is the only mapping carried out on the mine.

In late 1990 and early 1991 a considerable amount of damage to the shaft occurred from several heavy rain storms in the area. No further de-watering could be carried out and access to the mine was unavailable. As of 1994 the water level in the mine was at the 130 foot (40 m) depth. A small amount of use was being made of the gravity mill by a lessee since that time. Some vandalism has been carried out on the surface facilities by the time US-Canadian acquired the project in 2004.[2]

The history of the COD is well documented.

The headframe soon after its installation. 1984.
This winch was in place before the upgrades in the early 1980s. It was discarded and sold as scrap metal.
A new, modern hoist replaced the old winch system.
The new mill that was built to efficiently process the gold.
Shaker tables in the new mill.

The crusher and separator area.

The new hoist in place and ready for operation.

Shaker Tables installed in the new mill.

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Mine Entrance

Historic maps show the drift levels of the mine and the assay values throughout the workings.

Geological map of the claim area.

Side view of the COD Mine with valuations.

Mine Details:

Access to the Mine You can drive directly to the adit and shaft on the claim.
Tailings Present 50,000 + tons. Lots of unprocessed waste rock on the site that is staged and was awaiting milling when the operations ceased at this mine. Lots of gold, pyrite, galena, copper and quartz seen in the waste pile.
Entrance The mines have been reclaimed so it is hard to tell exactly what the entrances are. The shaft was timbered before it was gated.
Mine Cut Adit and shaft
Depth / Length Documented as 3000′
Minerals in the Mine Gold, pyrite, galena, copper, quartz allover the claim.
Foot Traffic in the Mine None
Last Worked 1988

 


 

Survey Notes

This mine is a monster. It should be patented with the amount of workings and values that have been reported. The surface improvements alone, including the two mills, miner’s quarters. Separating equipment, headframe are valued at over $800,000 in 1980s values. Underground improvements are documented but inaccessible due to water. This should be able to be pumped out with minimal cost today. There is substantial gold found and visible in the milling ores. Processing the old tailings will likely net a good profit alone. This will be an expensive beast to get running but could produce millions of dollars in profits each year once its running.

Aerial view of claim and boundaries.

Number of Mines 1 shaft and 1 adit seen. Another adit is on the claim but not seen right off.
Nearest city with amenities Kingman Arizona about 12 miles away.
Access to the Claim The last 3 miles of the road require a high clearance 4WD vehicle to access. Some boulder crossings that surveyor will want to exercise
extreme caution while crossing.
Parking and Staging on the claim Ample parking and staging on the claim. This was a major mine operation.
Resources Seasonal water.
Structures on claim Steel headframe, 2 mill remains (1 is a newer steel building), Cinder-block house remains. Building that was most likely the office?
Relics on the claim Shaker tables, Rail, tons of various mine related items, pipe
Elevation 4,985′

 


Reference:

  1. Mineral Deposits of the Cerbat Range, Black Mountains, and Grand Wash Cliffs
  2. COD Mine Overview Reserves

….

Top Pictures

Shaft entrance.


Rail running down into the mine.


A partially collapsed adit.


Foundations for winches at the headframe.


Mine building.


Remains of a gate at the adit entrance.


Headframe at the COD


Full zoom down the shaft.


Gold, in appreciable quantities.


The massive old headframe.


Crumbling foundations


Gold, quartz and likely some lead.


Another foundation on the claim.


Overview of the upper claim site.


Building interior


Walk out windows.


At the top of the workings as a storm rolls in.


Another old foundation.


Waste rock.


Look over the valley.


Tailings at the mill.


Gold in dark silver and lead ore.


Gold in quartz.


Water is hard on the old roads.


Mountains of tailings.


Native gold in matrix.


Lower tailings on the claim.


Tailings persevere as the wood rots away.


The old mill and foundations.


Sad kittens in the waste dumps.


Mill site.


View over the mill.


Tailings and new mill building.



Wash below the new mill building


Entire claim is accessible with full size truck.


Again, the beautiful headframe.


Hopper in the headframe.


View from the headframe.


Valley and claim overlook.



Foundations behind the headframe.


Solid building construction.



Some sort of processing area.


Appears to have burned.


Interesting burn pattern.


Lead and silver ore.


Gold in matrix quartz.


Gold, silver and lead.


Gold fleck running through the ore.


View from the lower parking area.


Gold and some pyrites in quartz.


Close up of some crazy ore matrix.


Washout below the headframe. 


Excellent road access.


Rail strewn among the waste dump.



More old remnants of the mill.


The mill again.


Foundations inside the mill.


Inside the mill.


Storm pushing up the mountain.


Newer mill building.


Maybe for roller doors.


Massive footings.


Shaker tables inside the mill.


Shown in scale for size.


Floor of the mill.


Footings for an unknown purpose.


Side of one of the shakers.


Someone left the front garage door open.


View up the valley to the old mine.


Claim Rating

Total Workings

Greater than 2600 feet of workings estimated. This assessment based on what surveyors observed while on site.

Historical Value

Accessibility and Location

High Clearance 4WD

Mineral Value

Free milling gold, gold nuggets or gems

Resources

  • 1 point – Dilapidated/unusable structures/foundations
  • 1 point – Seasonal Water
  • Total Resources Rating: 2

Weather

Weather data from nearby city – Kingman, Arizona


USGS information on the mine(s)

Disclaimer: This MRDS information is provided for reference only and does not represent the actual mine or the current state or mineral content or value. It should not be perceived as accurate or definitive. MRDS information should not be relied on as decision data, the MRDS system has not been updated in over 20 years. The US Bureau of Mines, who was responsible for mining site assessment was disbanded in 1994. USGS and MRDS information has not been updated in over 66 years.

Ownership information

Type Operator
Owner C. O. D. Alanco, Ltd.
First year 1988

 

Type Owner
Owner Mrs. Nelle Clack (Estate) And Partners
First year 1976

Commodities:

  • Gold – Primary
  • Silver – Primary
  • Lead – Primary
  • Copper – Secondary
  • Zinc – Secondary

Materials information

Materials Type of material
Argentite Ore
Chalcopyrite Ore
Galena Ore
Silver Ore
Sphalerite Ore

Comments on the geologic information

MINERALIZATION ASSOCIATED WITH PORPHYRY INTRUSION, LCRET.

Comments on the location information

INFO FROM LAND.ST :(1992)

Comments on the workings information

INCLINED SHAFT WITH DRIFTS AND STOPES, TWO OTHER SHORTER SHAFTS 375 AND 60 FT. MINED BY SHRINKAGE STOPE.

Comments on development

CONSISTS OF 8 UNPATENTED CLAIMS; PREVIOUS OWNERS AND OPERATORS INCLUDE FLETCHER MINING CO (1902), TAGGART MERCANTILE AND MINING CO, H.S. MULCAY, GERRY HAYNES, C.O.D. MINES, INC, C.O.D. MINING CO (1911), J.J. PERT (1926), J.J. PEARL (1927), JOHN OSTERMAN (1940), R.P.M. DAVIS, KINGMAN SILVER MINING CO (1970), MRS. CLACK (1970)

General comments

The vein system is well-defined, with little extension into the wallrock. Cross-fracturing and faulting strike along the schistosity of the area, producing considerable brecciation and the formation of high-grade ore shoots into the wallrock. The C.O.D. mineralization is a mesothermal polymetallic vein system associated with but on the outer edge of a porphyry copper molybdenum mineralizing system whose core is recognized as the Mercator/ Mineral Park porphyry copper-molybdenum deposit. At C.O.D. gangue minerals are quartz, with minor calcite, siderite and other carbonate minerals. Ore minerals include gold, silver, pyrite (FeS2), arsenopyrite (FeAsS), chalcopyrite (CuFeS2), galena (PbS), bornite (C5FeS4), covellite (CuS), chalcocite (Cu2S), anglesite (PbSO4), sphalerite (ZnS), argentite (Ag2S), cerussite (PbCO3) and smithsonite (ZnCO3). This mineralization is both hypogene and supergene, with supergene activity producing sporadic oxide zones above the 400-foot Level.

Subject category Comment text
Deposit THE VEIN CUTS THE PROPHYRITIC GRANITE AND BASALT DIKES, BOTH OF WHICH ARE ASSOCIATED WITH CHLORITE SCHISTS.

Mineral occurrence model information

Model code 85
USGS model code 22c
Deposit model name Polymetallic veins
Mark3 model number 46

 

Host and associated rocks

Host or associated Associated
Rock type Volcanic Rock (Aphanitic) > Mafic Volcanic Rock > Basalt
Stratigraphic age (youngest) Late Cretaceous
Stratigraphic age (youngest) Neoproterozoic

 

Host or associated Associated
Rock type Plutonic Rock > Granitoid > Granite
Rock unit name Ithaca Peak Granite
Rock description Ithaca Peak Granite

 

Host or associated Host
Rock type Metamorphic Rock > Schist

 

Host or associated Host
Rock type Metamorphic Rock > Gneiss

Geologic structures

Type Description Terms
Local Jointing And Schistosity Trends N 20 W, 90 ; With Secondary Joints: N 70 W, 80 S, Associated With The Ore Vein.  
Regional Prec Schistosity N30e, Lcret Veins, Fissures, Dikes Nw To Nnw Regionally  

Ore body information

The vein is well known as the “C.O.D. Vein”. It strikes N. 85° W. And dips about 80° N., and is reported to be more than a mile in length and about 6 feet in average width. The gangue is mainly quartz, in which the ore occurs in shoots, and lenses which vary from1 to 7 feet in width and are mostly of considerable extent. The narrow shoots are said to be usually rich, and the wider ones contain large bodies of milling and concentrating ore. At the 250-foot level the ore shoot are reported to vary from 3 to 7 feet in width and its ore was averaged about $250 to the ton, back in1909 dollars. The ore contains principally silver sulphide and gold, with some galena, zinc blend, and below the 250 foot level a Iittle chalcopyrite. It is said to be less rich in the sulphide zone in the lower part of the mine than in the oxide zone near the surface. Its run of mine, roughly computed from a record of the output from October 10, 1885, to March 6, 190 I, and is about as follows: Silver 160 ounces and gold 2 ounces to the ton; lead 12 to 20 per cent. This information is a direct quote from Geological Report completed by F.C. Schrader, 1909

General form LENSES AND SHOOTS
Strike N 85 W
Dip 80 N
Width 2.13M
Length 1609.3M

Controls for ore emplacement

Fissures And Dikes

Economic information about the deposit and operations

Development status Past Producer
Commodity type Metallic
Deposit size Small
Significant No
Discovery year 1878
Year of first production 1885
Year of last production 1974
Production years 1901 – 1948

Production statistics

Year 1948
Period 1901 – 1948
Material AU
Accuracy Accurate
Description Cp_Grade: ^2 Toz Au/Ton
Importance Item Commodity Group Amount recovered Grade Recovery percentage
Major   Gold Gold   56g/mt  

 

Year 1948
Period 1901 – 1948
Material AG
Accuracy Accurate
Description Cp_Grade: ^160 Toz Ag/Ton
Importance Item Commodity Group Amount recovered Grade Recovery percentage
Minor   Silver Silver   4518g/mt  

Reserves and resources

Type Tailings
Estimate year 1980
Total resources 1,000mt ore
Commodity Subtype Grade units Group Importance Year
Silver Ag 105.601 g/mt Silver Major 1980
Gold Au 3.388 g/mt Gold Major 1980
Lead Pb 0.29 wt-pct Lead Major 1980
Zinc Zn 1.25 wt-pct Zinc Minor 1980

Workings at the site

Type of workings Underground
Length 762M
Overall depth 243.84M

References:

USGS Database – 10027771


Mining District Overview

Wallapai District Information

History:

Many of the mines were discovered between 1863 and 1900 by prospectors in quest of the silver and gold which occurred in the oxidized parts of the fissure veins, the silver commonly in very rich concentrations. Cerargyrite, argentite, galena, and some gold were the principal ore minerals recovered in the early days. Improvement in transportation facilities and milling methods led to the subsequent production of base-metal ores. At first, lead with a low silver content was mined, but later the production of zinc and lead exceeded in value that of all other metals in the district.

The value of the metals produced during the years 1904-48 totals about $22,500,000. The value prior to 1904 is not known, but it probably amounted to at least five million dollars, for much highgrade silver ore, and to a less extent gold ore, is reported to have been mined in the early days.

Zinc-lead production reached its peak in the years 1915-17, which coincided with large-scale production from the Tennessee and Golconda mines under the stimulus of high metal prices.

At the time the present investigation was being carried on in the district (early 1943), the Tennessee mine was producing and milling about 150 tons of crude ore per day averaging 7 percent zinc, 3.5 percent lead, and 17 to 25 ounces of silver per ton. A disastrous fire destroyed the Golconda mill in October 1917. Since then the Golconda has produced only intermittently and on a small scale, and the mine is now largely inaccessible on account of caving and the encroachment of water.[1]

Geology:

The rocks exposed at the surface comprise pre-Cambrian crystalline rocks chiefly of granitic composition, cut by large intrusions of Mesozoic (?) granite (the Ithaca Peak granite), especially one mass near the center of the area, and pre-Cambrian granite (Chloride granite) in the northern part of the area. Dikes of many rock types, probably related genetically to the Mesozoic (?) granite, are scattered throughout the area. Some are alined parallel to the prominent northwestward-trending system of fractures and veins, but others trend in different directions. Remnants of volcanic rocks of probable Tertiary and Quaternary age are found around the margins of the Cerbat Mountains but are not present in the mapped area.

The ore deposits are conveniently separated into three types. The first is represented by the vein deposits of the district, the second by a quartz-sulfide stockwork deposit, and the third by the Emerald Isle copper deposit. The vein deposits are overwhelmingly the most important in the district. The quartz-sulfide stockwork deposit contains some low-grade copper and molybdenum. The Emerald Isle copper deposit is quite different from all other deposits in the district and consists of a fissure vein and mineralized area of chrysocolla chiefly confined to alluvium.[1]

References:

  1. The Wallapai Mining District Cerbat Mountains Mohave County Arizona

District Overview:

District Aliases N/A
Discovered/ Organized 1863
Noted Commodities Gold, Silver, Zinc, Lead
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This claim and property come with the full backing of Gold Rush Expeditions and our legal resources. We take mining rights seriously. Hopefully you will never have any problems with the Forest Service or BLM employees, but if you ever do you can rest assured that we will fight to protect your mining rights. We have a lawyer on retainer and offer free no-cost legal representation. We are here for you long after you buy a claim from us.

As usual, we recommend that you file a Notice of Intent with the BLM or local Forest Service office before working your claim. This doesn’t cost anything as long as you are operating under casual use. We would like to see that everything goes according to your plans. Some activities may require permitting with the local Forest Service or BLM offices. We have created a page on our website with helpful information on writing a Notice of Intent and, also if you are unsure about what activities are permitted under casual use, we’ve got some helpful links at the bottom of that page.


“The most important piece of your mining claim is that actual mining claim documentation and location. While other fly by night operations may have the best of intentions, they often get it wrong. This results in you, as a customer, not getting what you paid for. GRE has been documenting, writing and transferring mining claims for over 10 years. We know what we are doing. From our in-house notaries to our master land surveyors, we get the job done right, and we back it up in writing. GRE Guarantees that this mining claim has been written correctly and accurately. It has been physically staked on all corners with GPS embedded images for clear verification. GRE will provide documentary evidence of all paperwork and location staking for the claimant.

GRE works hard to make sure that everything we do is perfect, but occasionally we may make a mistake. So while it is understood by the Customer and GRE, that all attempts have been made to verify accuracy and location in relation to this claim, we want to go one step farther. In the case of inaccuracies or other issues that may impact your claim, GRE will amend or modify and record any documents and physical monuments as deemed necessary at no cost to the buyer.

GRE guarantees this mining claim to be exactly as described and pictured. Please view all images and read complete claim description. We spend a lot of time and effort to document all aspects of each mining claim.

This Guarantee is not any sort of guarantee of mineral content, reserves or future earnings. Assay reports, Reserves, and mineral values are provided as they have been recorded by United States Geological Surveys, and state and local mining reports. Historical records and production are provided for information only. GRE strongly advises all potential claim owners to educate themselves about mining claims. Please be fully aware of what is conveyed with this mineral claim. If you have questions about mining, mining law, processing or even other properties, please contact us; our offices are open from 9am to 5pm MST, Monday through Friday. We are here to help the small miner work and support the development of mining in this new era of Mining in America.


It’s hard to make an accurate assessment of mines and mining claims today. The history, the books and the documents change over time. Universities and Agencies seem to write and release documentation designed to deter the average miner.

We examine each mine, and determine its actual potential. This is based on documented and verifiable history, as well as field observations and mapping of the sites. This helps us thoroughly and accurately describe our claims, as well as help you make informed decisions regarding the purchasing of a mining claim. In addition, the geological and historical information provided gives claim owners the tools to know where to look. After all, the gold, precious metals and minerals are out there, and there is a lot of it, you just have to know where to look. If you need more information, please feel free to contact our office and set an appointment to discuss your desired property.


Sales Information


What is being sold:

You are purchasing (a) lode mining claim(s) and/or (a) placer mining claim(s), owned and located by GRE, Inc. This purchase is for all interest in the claim(s). The claim(s) have been examined and documented by professional mineral field surveyors. They have verified the information and potential mineral content of the site. The claim(s) are as represented and documented above. Each lode claim measures 1500ft by 600ft. or 20.66 acres, unless otherwise noted. Each Placer claim measures 1320′ x 660′ or 20 acres unless otherwise noted. The claim(s) and the mine(s) has/ have been verified and recorded with the National Bureau of Mines. For more information on this, please contact the National Bureau of Mines on their website. This mining claim gives the owner full control of the minerals and ownership of all lodes, minerals and gems on the claim for as long as the purchaser maintains ownership. Ownership is retained by annual maintenance assessments of $155 per claim, plus a small recording fee both payable to the BLM. These fees are per claim, per year.

Annual Assessment Fees have been paid for this claim for the 2017 year. No additional BLM fees until Aug. 2017.

Binding and Legal notes:

  • The claim(s) has been staked according to state law to include all of the mines and land as pictured. GRE has placed all stakes on all corners as required by law.
  • The claim(s) has been described professionally and according to the National Bureau of Mines standards of Mineral and Mining Claim surveys. They have been measured, staked and validated by professional Mineral and Mining Claim Surveyors.
  • Ownership of this lode claim(s) gives the registered owner full control and ownership of all locatable lodes and minerals that may be located on the claim and or underground as accessed by the tunnels.
  • The sale of this claim(s) does not constitute any speculative investment or security. GRE is not selling any stocks, shares, securities or any sort of speculative investment.
  • The sale of this claim and the information contained therein does not imply or guarantee values, assay reports, or future earnings. GRE, Inc. makes no guarantees, neither written nor implied of any past, present or future value or mineral content.
  • The sale of this claim does not account for any land or access issues that may arise. In the case of any access issues GRE can guide the claim owner with our legal counsel and years of experience in accessing mining claim sites.

GRE, Inc. recommends that all buyers make all efforts to inform themselves on the interests and legalities of mining claims prior to any purchase of mining claims.  GRE is available via phone or email during normal business hours. Our offices are open from 9am to 5pm Monday through Friday.The GRE team is educated, knowledgeable and competent to answer any questions you may have. Please don’t hesitate to contact us. 385-218-2138 or goldrush@goldrushexpeditions.com


Payment:

A non-refundable deposit of $500.00 is due within 24 hours of the auction end. This is to secure your interest in the site while the remaining balance is in transit. Full payment (or Signed contract with down payment) is required within 7 days of auction end without exception.

Deposits can be made with Credit/Debit cards, however remaining balance payments must be paid by cash, check, or other verified funds. This is due to the nature of the claims being Real Property. Monthly payments can be made with Credit/Debit Cards

Failure to meet payment requirements will result in claim(s) being re-listed or offered to other buyers. Deposits are not refundable and will not be returned. Purchasing a claim from GOLD RUSH EXPEDITIONS, INC. indicates consent to the GOLD RUSH EXPEDITIONS, INC. Purchase Agreement. Please review this document carefully when it is received, this document is a vital element of the sale. It documents how the claim will be transferred and to whom it will be transferred. The purchase agreement states our commitments to you and your understanding of what is being sold and transferred. For your convenience, we offer digital signature options to expedite the process.

GOLD RUSH EXPEDITIONS, INC. accepts all forms of valid, legal payment, including Cash, Check and verified (stamped) gold or silver bullion (at spot price). We do not accept PayPal.

Gold Rush Expeditions, Inc. will send all correspondence to the email you have provided, please verify that your address is correct, we are not responsible for misdirected or unreceived email. Payment and signed Purchase Agreement Finance Contract are due in full within 7 days.


Annual Assessments:

Annual assessments are required for each mining claim. There are various fees and forms involved with these annual assessments and failure to comply or submit them correctly can result in the forfeiture of your mining claim.
We recommend that purchasers familiarize themselves with this process.

Gold Rush Expeditions, Inc. also offers an Annual Assessment filing service, wherein we guarantee your filing and acceptance. Safeguarding your claim against loss and forfeiture.


Financing:

In most cases we can offer financing of sites upon approved credit history. Gold Rush financing requires roughly 24 hours to verify and approve. Financing requires downpayment of at least 25% of the total purchase price or $2500.00, whichever is more. Gold Rush financing is only available on purchases of over $5,000.00 with approved credit. We approve 99% of our applicants. Please call our office to apply. Please be sure that you are pre-approved before making bids or committing to purchase.

Gold Rush financing is offered at a rate of 9% APR (annual percentage rate). Documentation fees can be added to finance arrangement. While under contract, Buyer will have full access to the claim under casual use guidelines. Further operations requiring Plan of Operations are not allowed while the site is under contract. Upon final payment, as designated by contract, the Quit Claim deed will be immediately filed and sent to owner. More details on Gold Rush financing available upon request.


Terms & Conditions of the Sale:

This sale is for UNPATENTED, Federal mining claim(s). Mining claims require a yearly maintenance fee of $155 per year, per claim, (or a small miner’s waiver to reduce fees) to retain ownership.

The maintenance fees for the claim have been taken care of for the 2016-2017 year. No additional monies will be due to the BLM until September 1st of 2017, to retain ownership for the 2017-2018 year.

GRE can file maintenance fees and documents for claim owners upon request for additional years.

The documentation fee covers all notarizing, mailings and filings required with County and State Recorders, and filing and verification with appropriate State BLM office.


Buyer will receive the following with their completed transaction:

  • Quit Claim deed showing transfer of ownership of the claim. This document will stamped, recorded and verified with the County and BLM offices. No other paperwork required
  • Welcome Packet with all of the rules and regulations as they relate to the State and BLM where the claim is located.
  • A CD of all documented images of the claim including a GRE survey and mapping of the site.
  • 24k map with claim marked & GPS coordinates
  • 100k map with claim boundaries clearly shown
  • Official National Bureau of Mines Documentation.
  • GRE Sticker
  • Other GRE Promotional Materials

Documentation:

There is a documentation fee of $349 for each Mining claim. In the case of multiple claims in a single sale, any other associated claims are charged at $249 each.

Please note that all information and documentation will only be sent to the email address you have on file with GOLD RUSH EXPEDITIONS, INC. Your documentation will also only be shipped to the address on file with GOLD RUSH EXPEDITIONS, INC. Please verify this information. We do this for your security as well as ours.
All documentation, Payment and Purchase Agreement documents must be completed to begin the transfer of the Quit Claim. Quit claim can be transferred to any person or business once identity has been established. Documentation fees cover all of the filing of paperwork in the proper counties and state and with the BLM. The purchaser will receive a Quit Claim deed transferring all interests in the claim.

Note: Our new documentation process is nearly 100% digital. All of your legal and purchase information is verified and signed online. Documentation time is usually less than 1 week.


Legal Notes:

*This claim is not for any Speleothems, Stalactites or Stalagmites. This claim is not for any cave formations of any sort. *This claim is not for ownership of a cave or any sort of cave related items. It is for control of locatable minerals and the ability to secure the land on which your minerals are located. *This claim is for Mining Claims. Mining Claims are administered by the BLM. They are not administered, nor are they under any control by the US Securities and Exchange Commission. *This sale does not constitute any sale of stocks or other security interests that represent a current investment ownership interest in an entity. Nor does this sale represent any effort by individuals to raise money or find investors for Businesses. A mining claim is not ownership of the land. It is full control of locatable minerals. The BLM defines located minerals as: * Locatable minerals include both metallic minerals (gold, silver, lead, copper, zinc, nickel, etc.) and nonmetallic minerals (fluorspar, calcite, mica, certain limestone and gypsum, tantalum, heavy minerals in placer form, and gemstones). (Edited from: http://www.blm.gov/pgdata/etc/medialib/blm/wo/MINERALS__REALTY
__AND_RESOURCE_PROTECTION_/energy.Par.26680.File.dat/MiningClaims.pdf) The General Mining Law of 1872, as amended, opened the public lands of the United States to mineral acquisition by the location and maintenance of mining claims. Mineral deposits subject to acquisition in this manner are generally referred to as “locatable minerals.” A lode claim is defined as: “Jefferson-Montana Copper Mines Co., 41 L.D. 321(1912), established the full test for a lode claim: “To constitute a valid discovery upon a lode claim, three elements are necessary: 1. There must be a vein or lode of quartz or other rock-in-place, 2. The quartz or other rock-in-place must carry gold or some other valuable mineral deposit, 3. The two preceding elements, when taken together, must be such that as to warrant a prudent man in the expenditure of his time and money in the effort to develop a valuable mine.” Additionally, Federal statute does not describe what constitutes a valuable mineral deposit; therefore the government has adopted the “prudent man rule.” This rule determines value based on whether or not a person will consider investing time and money to develop a potentially viable mineral deposit. This rule was first stated by the DOI in 1894, in the adjudication of Castle v. Womble, 19 L.D. 455 (1894), the holding of which states: “…where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success in developing a valuable mine, the requirements of the statute have been met.” Note, this is site is not subject to the Cave Protection act of 1988, as Federal Law states: 16 USC Sec. 3378&01/08/2008 Sec. 3378. Miscellaneous provisions -STATUTE- (d) Existing rights Nothing in this chapter shall be deemed to affect the full operation of the mining and mineral leasing laws of the United States, or otherwise affect valid existing rights. -SOURCE-(Pub. L. 100-691, Sec. 9, Nov. 18, 1988, 102 Stat. 4550.) REFERENCES IN TEXT The mining laws and mineral leasing laws of the United States, referred to in sub sec. (d), are classified generally to Title 30, Mineral Lands and Mining. The information above is cited from the official Department of the Interior Bureau of Land Management page.


Return Policy:

Due to the nature of this sale, returns are not applicable. In the case of any issues, we will work with the buyer to be sure that the buyer is satisfied with their purchase as per the GRE Guarantee. GRE does not make partial refunds or cash refunds. All refunds or adjustments will be given in the form of credits or merchandise of at least equal value.


About GRE:

Since 1999, Gold Rush Expeditions, Inc. (GRE, Inc.) has been locating and documenting valuable mining claim sites. We research, locate and document historic and significant mines throughout the Western United States. We sell mining claims, that’s it. We have a dedicated and knowledgeable survey team, and an entire office staffed with hard working employees who make all of this possible. We invite you to learn more about the people behind GRE. We also have a full legal team dedicated to monitoring and protecting our interests and yours!

GRE is an actual “brick and mortar” business with an office that you can stop into. We do operate within normal business hours of 9am to 5pm MST. We can be reached in the office at 385-218-2138. You can feel free to stop in and see what we are working on. Our office has an extensive mining library and an impressive collection of mining artifacts and memorabilia. Mining claims can be tricky from state to state. GRE, Inc. has provided more mining claims than anyone else, to happy, satisfied customers. We will be here long after the sale to help out with most anything you need. We sell many claims to repeat buyers; this says a lot about what we are doing.

GRE, Inc. researches over 600 sites per month. Out of those sites we usually only claim 20-30 mines. The sites we offer are the best of the best. We don’t claim the first hole in the ground that we see. We research and document these sites. We claim these mines because we believe them to have a good value. GRE has pioneered offering mining claims to the public at a reasonable rate, taking care of all the paperwork for you. We go the extra distance to make sure that everything is right and if it’s not, we will make it right.

In addition to your claim you will also have access to GRE, Inc.’s legal counsel. They are familiar with what we do and very efficient at resolving any issues that may arise. GRE, Inc. will often cover the costs of the legal counsel, dependent on the issues that need resolving.

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