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Historic Elkhorn Gold Mine and Extension MMC232509, MMC232510 – 40 acre Lode Mining Claim for Sale – Dillon, Montana

$600,000.00

These previously abandoned mines have already produced thousands of tons of gold and silver, but at a time when the ore was shipped from Montana, to Utah to California and then out to Swansea, Wales to be processed. The owners of the mine built a massive rail system to service the mines and expedite ore production, but that was just one of many downfalls of the mine. As noted by more than one geologist, The mine is a major producer of gold and silver, and could be a major producer if someone took a few thousand dollars to do the work required to get the mine started.

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Historic Elkhorn and Elkhorn Extension Claims

MMC232509, MMC232510

Coolidge Ghost Town – 40 Acre Lode Claims – Elkhorn District – Beaverhead County, Montana

Gold Rush Expeditions, Inc. is proud to present the Historic Elkhorn & Extension Gold Mining Claims for sale. A collection of two (2), twenty(20) acre lode mining claims, for sale exclusively through Gold Rush Expeditions, Inc. These claims are located just outside of Polaris, Montana. They have been properly staked and marked at all corners. All Gold Rush Expeditions, Inc. Mining claims have been meticulously surveyed, mapped and researched. Field work is completed by our own experienced, well versed Mine Survey Team.

The Elkhorn is one of the largest and likely most productive, but undervalued abandoned mines in all of the western states. Its reserves are documented in the billions of dollars. The Elkhorn has a long and detailed story that is well documented in the book “One Mans Dream” by Shirley Wirtz and Lorene Lovell.

The old gold and silver mine is documented to have over 14 miles of drifting and workings on at least 3 well defined levels. It is one of the largest gold mines ever to be seen in Montana and still contains billions of dollars in reserves of gold, silver and copper. The remains of the old town of Coolidge sit just below the mine. A town that lived and died with the mine.

These previously abandoned mines have already produced thousands of tons of gold and silver, but at a time when the ore was shipped from Montana, to Utah to California and then out to Swansea, Wales to be processed. The owners of the mine built a massive rail system to service the mines and expedite ore production, but that was just one of many downfalls of the mine. As noted by more than one geologist, The mine is a major producer of gold and silver, and could be a major producer if someone took a few thousand dollars to do the work required to get the mine started.

The Elkhorn, in its current state has not been mapped fully or documented in its entirety. History and documentation state that there are over 14 miles of workings between the Elkhorn and Elkhorn Extension mines. The mines in their entirety have not been mapped or completely documented at any point.  Gold Rush Expeditions own the only maps of the mining works and holds the last, if not only, images ever seen from inside the massive mine and camp.

The Elkhorn Mining Camp and Mines can be broken down into two main sections. The upper camp, which is where the famous Idahahn lode was discovered and worked, and the lower camp, which is where the mill, the haulage tunnel and old town of Coolidge sit. The upper camp and lower camp are tied together in two ways. One in the above ground workings and the connecting lines that brought the ores to the mill. The sites are also tied together in the fact that the camp and mines connect underground.

History of the Mines

The Elkhorn lode was located by Mike T. Steele and F. W. Pahnish on October 24, 1873. A partnership was formed with Con Bray and Judge Meade and enough money was raised to build a small mill on the site. For the next two decades, small amounts of high-grade ore were mined and shipped to Swansea for smelting. In 1893, the Elkhorn shut down, along with the district’s other mines, after the disastrous drop in silver prices that year. By 1903, silver prices had recovered to a point where it seemed feasible to revive the Elkhorn mine. Tom Judge found a rich vein of silver ore while doing prospecting work on the Elkhorn Ledge. This generated some interest to reopen the mine, but there was not sufficient financing to get the project underway. In 1906, Frank Felt bought a number of claims in the district and, along with M. L. McDonald and Donald B. Gillies, started a tunnel on the Idanha vein which eventually would become the major producing mine for the Elkhorn group. Two years later, in 1909, the tunnel would be further developed by the Park Mining Company which extended it to 748 feet (Sassman 1941; Wirtz and Lovell 1976).

The Elkhorn Mining operations were restricted by the lack of economical transportation prior to 1882. Being located in the heart of a high mountain valley, far from any towns or hubs was a major issue. From 1873 to 1882, nearly no ores were shipped out. Instead, they were stockpiled and processed on site. The cost of processing was very high. The ore was hauled by wagon to Corinne, Utah and then sent overland (train) to San Francisco, from there by ship to Swansea, Wales where the smelters were located. In 1893, silver prices crashed and many mining operations throughout the district closed down, most never to recover. But not the mighty Elkhorn.

The Elkhorn had something that many other mines in the area did not have. Gold. Gold values and ore sustained the mine from 1893 to the early 1900s. In the twentieth century, virtually all mining activity in the district was centered on the Elkhorn lode. The massive operation to develop the lode would turn out to be one of Montana’s last and largest mining ventures. Economics dictated that a rail line be built for export of ores. The rail line was completed by December 1919 and was the last narrow-gauge railway built in the United States. The railroad had three Baldwin locomotives, 28 freight cars, three passenger cars, a machine shop, an engine house and depots at a total cost of $2.1 million dollars.

Large-scale development of the Elkhorn lode got underway in 1911. William R. Allen, former lieutenant governor of Montana turned mining entrepreneur, became interested in the property and devoted his efforts to developing the Elkhorn mines on a scale which dwarfed anything attempted in the area before or since. Allen would be inextricably linked with the fortunes of the Elkhorn mine for the next 40 years. Although many others were involved in the development of the Elkhorn mine, Allen was the chief promoter and prime mover of the project from beginning to end. His personal career and fortune would be mirrored in the development and ultimate failure of the Elkhorn mine project.

An estimated $5,000,000 was spent by the Boston-Montana Development Company in building the Elkhorn mine project. However, before the mill even went into production, serious problems began to appear. The economy had slowed down during the 1920-1921 recession and, to make matters worse, the company’s bond and note issues, along with other financial obligations, came due during this same period. In its prime, the mine and mill employed 250 men, yet only 26,000 tons of ore were mined from 1921 through 1924 due to labor issues, weather and a variety of other bad luck problems. 20,000 tons were produced in 1925, but from then on only a few tons were reported processed sporadically during the years 1935-1937, 1939, 1942, 1948 and 1953.

The mine owners processed much of the gold and silver for those years at the mill. Making payroll and operating expenses from those proceeds. It was only in years of high profits that any production was reported or taxes paid on that production. According to historical documentation, the amount of ores produced as reported would equal $8.7 million dollars at a 1930-1949 average. However, historical documents only account for an actual taxable output of $375,000. A variance of nearly $8.3 Million dollars. Where did all that money go?

Total production from the Elkhorn mines was 52,385 tons of ore and from that, 8,900 tons of concentrates were produced for shipment to smelters at Tooele, Utah and East Helena, Montana.

The concentrates yielded 851,725 pounds of lead, 4,100 pounds of zinc, 370,799 pounds of copper, 180,843 ounces of silver and 1,013 ounces of gold. The total of this output in 1949 numbers is $8,725,435.50. Somehow this was mis-reported in 1949 when the reported total production of the Elkhorn mines was $375,000. This is not uncommon and leaves over $8.25 million dollars unaccounted for.

In 1981 the previously abandoned mines received new interest with the increase in gold prices. The Elkhorn mines were bought by Timberline Minerals, Inc. who did some exploratory prospecting work on the site. They reported good potential for silver, tungsten, molybdenum as well as pockets and veins of gold which were previously unknown. It has been reported by numerous geological and federal sources that with current technology, these mines could be viable, commercial sites with only a few thousand dollars in improvements. Could these claims be responsible for the next mining billionaire in the United States? Only time will tell.

elkhorn-extension-5

Inside the lower drift of the Elkhorn.

Mine Diagram

Mine Details:

Access to the Mine Parking available next to mine when the road is open
Tailings Present 1,000 + Yards (Gold, Silver, Copper, Quartz)
Entrance Easily accessible, Timbered with steel beams, Gated
Mine Cut adit
Depth / Length 14 Miles as reported by MBMG.
Minerals in the Mine Gold, Silver, Copper, Quartz
Foot Traffic in the Mine low
Last Worked 1981

 

 


 

Aerial view of claim and boundaries.

Number of Mines 1 Massive adit and multiple collapsed mines
Nearest city with amenities 53 miles – Dillon, Montana
Access to the Claim High clearance vehicle 4WD
Parking and Staging on the claim Parking available next to mine when the road is open
Resources Timber, Stream nearby
Structures on claim Multiple structures some still standing others collapsed
Relics on the claim Ore bin and tramway
Elevation 7,000 feet

 


Reference:

  1. Montana DEQ 13tech
  2. One Mans Dream

[learn_more caption=”Top Pictures”]

The old ore track workings at the upper Elkhorn.


Remnants at the upper Elkhorn.


Even at the entrance there is 12-15 inches of water.


Looking back into the workings of the main drift.


An old barrel quickly rusting into nothing.


Auriferous (gold bearing) pyrites.


Marks on the walls show the levels of water has been high at times.


Water rotting away at the old timbers near the entrance.


Silver and gold showing on quartz.


Muck factor is significant even in the “dry” spots.


Looking at the entrance of the lower adit.


Gold, silver and quartz.


Crushed quartz in a fault.


Gold in a vein.


Small chunk of gold exposed on quartz.


More gold on quartz.


Gold and Galena found outside of the mine.


Auriferous pyrites and some native gold.


Upper Elkhorn camp. Its nearly all gone.


A small, high temp oven. Often used for smelting in small camps.


More fallen structures.


The old tipple is not long for this world.


Showing the angle of decline.


Remnants at the upper camp.


The pyrites have oxidized out leaving only the gold.


Bits of gold visible in the quartz.


Overlooking the valley.


Massive waste dump. This is processed (milled) waste even though there was never a mill reported at the upper camp.


This won’t last long either.


Gold ores at the upper camp.


Fallen buildings at the upper camp.


The entrance to the Elkhorn today.


Timber has rotted and decayed but the tunnel, cut in rock, is stable.


Quartz with gold and auriferous pyrites


Detailing the gold content on quartz.


Water dumps from many open faults.


A pocket of high grade gold and quartz covered by mud and silt.


Typical ores in the mine showing gold, silver and copper.


Copper stained quartz with gold and pyrites.


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[learn_more caption=”Weather”]

Weather data from nearby city – Dillon, Montana

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[learn_more caption=”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.

Previous Owner

Type Owner
Owner Wells, John
Home office Dubois, Wy
First year 1982

 

Economic information about the deposit and operations

Development status Past Producer
Commodity type Metallic
Deposit size Major
Significant Yes
Discovery year 1872
Discoverer Preston Sheldon
Year of first production 1872

Commodities:

  • Gold – Primary
  • Silver – Primary
  • Copper – Primary
  • Lead – Primary
  • Molybdenum – Tertiary

Materials information

Materials Type of material
Chalcopyrite Ore
Pyrite Ore
 

Comments on the workings information

TWO PRINCIPAL LEVELS – 300 FT, 1000 FT. SEVERAL 1000’S FT WORKINGS. BOTH OPEN (1981).

Host and associated rocks

Host or associated Host
Rock type Plutonic Rock > Granitoid > Quartz Monzonite
Stratigraphic age (youngest) Late Cretaceous
Stratigraphic age (youngest) Late Cretaceous

 

Nearby scientific data

(1) Boulder batholith and broadly related stocks  
 

Geologic structures

Type of structure Local
Structure description Comet Fault Trends N – S, Mono Fault

Ore body information

 

General form IRREGULAR
Strike N 50 E
Dip 65 S
Depth to bottom 76.2M

References:

USGS Database – 10070491

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[learn_more caption=”Mining District Overview”]

Elkhorn District Information

History:

The Elkhorn mining district is located in the Pioneer Mountains northwest of Comet Mountain at the headwaters and on the divide of Wise River and Grasshopper Creek. The central group of claims is at an elevation of 7,000 to 8,000 feet above sea level about four miles northeast of Elkhorn Hot Springs on the west side of the East Fork of Wise River. A decade after the first gold strikes in southwestern Montana, a number of mining districts in the Pioneer range became major silver producers, but Elkhorn with all its activity and notoriety was not among them.

The first discovery of silver ore in the Elkhorn district was made by Preston Sheldon in 1872. He shipped a carload of the ore, assaying 300 ounces of silver to the ton, from a claim called the Old Elkhorn, located about a mile southwest of later Coolidge/Elkhorn townsite and mine. In 1874, Mike T. Steele located the Storm claim — adjacent to the west side of the Old Elkhorn claim — and shipped two carloads of ore, assaying 260 ounces of silver to the ton. Next to be discovered was the Mono lode which was located by Clark Smith in September of 1875. By 1885 D. B. Mason and Steele acquired the claim and sank a 35-foot shaft. In 1888, the Storm Mining Company sank a 90-foot shaft on the Mono vein, and eventually the shaft would reach a depth of 250 feet (Winchell 1914; Sassman 1933; Geach 1972).

Other mines in the district were operated by the Magnet Company in 1887 on Bailey Mountain. The Dillon Examiner reported on January 27, 1892 that a number of mines were producing, including the Critic, Fraction, Navajo, Good Enough, Park, Red Sky, Hamburg, Washington, Guy, Last Chance, Cleopatra, Mascott [sic], and Cleveland. A 10-stamp mill had been built at the Critic and Fraction mines. In 1895, Frank Williams shipped ore from the Simpson claim, located southwest of the Old Elkhorn claim (Sassman 1933).[1]

Geology:

The geology of the Elkhorn district is taken primarily from Winchell (1914:168-159) who describes the country rock of the Elkhorn district as a porphrytic quartz monzonite with euhedral plagioclase, quartz, biotite, horneblende, magnetite, apatite, and pyrite. The Elkhorn district monzonite covers a large portion of the south end of the Pioneer range, extending south about eight miles to the Polaris mine, southwest about four miles to Grasshopper Creek and north and east to Hecla. In general the ores of this district are of low grade, but the veins are large.

Within the Elkhorn district the monzonite is penetrated by dikes of aplite and pegmatite and also by fissure veins containing copper ores in a quartzose gangue. In the southwestern part of the district the monzonite is intersected by narrow seams of quartz with pyrite carrying a little silver and copper. The veins contain chalcopyrite, galena, sphalerite, and chalcocite films on pyrite. In the oxide zones, the copper minerals include malachite, azurite, and native copper. Fissure veins in the central portion contain pyrite and chalcopyrite. Sooty copper glance is formed at water level at a depth of 150 to 250 feet. Also present are veins along aplitic intrusions containing argentiferous galena and tetrahedrite with bornite.[1]

References:

  1. Montana DEQ 13tech

District Overview:

District Aliases Coolidge, Wise River
Discovered/ Organized 1872
Noted Commodities Gold, Silver, Copper, Lead, Zinc

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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.