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Historic Golconda Gold Mine CMC287916 – 20 acre Lode Mining Claim for Sale – Lake City, Colorado

$60,000.00

Gold Rush Expeditions, Inc. is proud to present the Historic Golconda Gold Mining Claim. This is a 20 acre lode Mining claim for sale exclusively through Gold Rush Expeditions, Inc. The Golconda is located just outside of Lake City, Colorado and has been properly staked and marked at all corners. All Gold Rush Expeditions, Inc. claims are thoroughly surveyed and mapped with extensive historical and current documentation prior to posting any mining claims for sale.

The Golconda Mine is a rare beast, and an incredibly valuable site. With free milling gold values averaging .97 OST over a 21 year mining period from 1919 to 1940. There are reported to be 7000′ of drifting in the mine, with no accounting for stopes or working spaces. The history of the mine is quite well established and there is plenty of gold to be had just from the waste dumps. The Mine closed major operations in 1941 with the war act. It remained idle due to its remote location until 1946 when an operation came in and recut new tunnels to access the workings since there was a major ice blockage impeding their work.

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Product Description

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Historic Golconda Gold Mining Claim Overview 

CMC287916


20 Acre Lode Claim – Galena District – Hinsdale County, Colorado

Gold Rush Expeditions, Inc. is proud to present the Historic Golconda Gold Mining Claim for sale. This is a 20 acre lode Mining claim for sale exclusively through Gold Rush Expeditions, Inc. The Golconda is located just outside of Lake City, Colorado and has been properly staked and marked at all corners. All Gold Rush Expeditions, Inc. claims are thoroughly surveyed and mapped with extensive historical and current documentation prior to posting any mining claims for sale.

The Golconda Mine is a rare beast and an incredibly valuable site. With free milling gold values averaging .97 OST over a 21 year mining period from 1919 to 1940. There are reported to be 7000′ of drifting in the mine, with no accounting for stopes or working spaces. The history of the mine is quite well established and there is plenty of gold to be had just from the waste dumps. The Mine closed major operations in 1941 with the war act. It remained idle due to its remote location until 1946 when an operation came in and recut new tunnels to access the workings since there was a major ice blockage impeding their work.

In 1947 it was reported that there was over 7000′ of drifting in the mountain, it was a specific account that said this number did not account for stoping or worked out areas, nor did it account for the rail operations inside the mine. There is no further history until 1977, when the USGS reported the mine to be owned by Golconda Mines who had made a 150′ cross cut to again intercept the old mine workings. Golconda worked this mine until 1984 and the ore was incredibly rich. Reported to be an average of .97 OST in free gold, but some pockets came out as high as 17 OST in native gold. Silver is present but not noted in valuations.

The boarding house on the claim is on the National Historic Register, which does not preclude its assumption of use under a properly executed Notice of Operation. However, if you damage it, you should expect to be held liable in all aspects. The real value is in the mine, which is where the real history resides. The men worked in the mines, this is where men exuded blood, sweat, and tears while chasing the gold. Full mapping of the mine and underground documentation is under review and may be released to serious buyers only.

If you want to own a piece of history and you aren’t afraid of weather, roads and all of the other perils that are of concern at 12,000′, this may be the mining claim for you. Gold Rush Expeditions, Inc. surveyors recommend this site for people with some knowledge of underground workings and safety. This mine could be developed to a major commercial operation or simply used as a piggy bank for some small miners. Gold Rush can assist you with the creation of all documentation for permits and processing. We also offer our signature no cost legal assistance which includes representation by Mr. Russell Hartill on our dime in most cases. Please contact our office if you have questions.

History of the Mines

The property’s boarding house was built in 1920. It’s a two story log building that’s 98.5′ long and 18′ wide. Along with a compressor house, this complex is located at the head of the alpine basin. The compressor house still contains hard rock mining machinery. The underground workings were reported to produce gold, silver, copper, lead, and zinc. This is the largest log structure on the east side of the Alpine Loop.[1][2][3]

A 1921 report from the Mining Journal reports: “Golconda Mines Consolidated their long crosscut in Basin and have begun the vein with a good showing ore Operations will the end of the year and be until next spring the of the company during recent having shown it to be to continue operations the winter at so high an far from the base of supplies Lake City .”

There is other interesting history as well, such as this account, published in the Aspen Weekly Times, September 29th, 1894: “True Account of _Captnln Jackson s Deed Of Self Defense, Mancos , Colo., Sept . 26 . —The particulars of the killing of Jack Sparks by Captain G . A . Jackson at the Golconda camp of the J . N . & E . Placer Mining company are about as follows : A misunderstanding had occurred between the two men as regards certain payments that Sparks claimed were due from the company , but which Captain Jackson did not feel at liberty to allow . This exasperated Sparks , who was heard on the streets of Mancos on Saturday to say that he intended to kill Jackson .
William Hush , who carries the mail between Mancos and Golconda was in town on Saturday and on leaving for camp in the afternoon Sparks persisted in accompanying him , saying that he intended to kill Jackson on sight . He was armed with a revolver and a shotgun . Hush tried to prevail upon him to go back , but he-refused to do so and growing more excited told Hush that if he attempted to do or say anything to prevent him he would kill him , too , and emphasized his assertion by firing bis revolver so close to Hush’s head that the letter carriers face was powder burned . Hush, seeing that Sparks was bent upon trouble, stopped at a ranch some distance below the camp, ostensibly to get a drink of water, but sent a boy ahead to warn Jackson of his danger . As they drew near Golconda camp Owens and another man met them and tried to prevail on Sparks to go back, but the latter again refused , saying he intended to kill Jackson . When they entered camp Captain Jackson was in his tent . He had armed himself with a double barreled shot gun loaded with buckshot . Hearing the footsteps he walked out with the gun on his arm . Sparks was coming up the trail and Jackson called to him: Hello, Jack ! Sparks on seeing him threw his hand back on his revolver. Jackson covered him with his gun, saying: Dont do that , Jack ! Hold up your hands !
Sparks drew his revolver and aimed it at which moment Jackson fired , the shot taking effect in the chest . Apparently untouched, Sparks aimed and fired . At the same moment Jackson fired a second shot which entered Sparks head, and he fell dead. Captain Jackson is well known in mining circles throughout the state, especially Pueblo, the headquarters of the company which he manages . Public sympathy is entirely on his side. Captain Jackson came into Mancos on Saturday night and gave himself up to the deputy sheriff .”

An 1898 Report from the Colorado Mining Index states: “Clear Creek Co.– Golconda Mining and Tunneling Co. uses air drills in both tunnels, the Golconda and the one opposite the Mahala. The Golconda is making good headway and will reach several of the lodes soon, but the big lode will not be reached for almost 1,000 ft. Shafter Mining Co. is now sinking below the 600-ft. level, where 6 ft. of good ore is being hauled to Mixsell Mill for treatment.”

Golconda (76)

CoHIN10328 Entrance


Mine Diagram

Mine Details:

Access to the Mine Walk in through gate
Tailings Present over 50k tons
Entrance Adit, open
Mine Cut Hard Rock
Depth / Length Documented at 7000′ in 1947
Minerals in the Mine Gold, Silver
Foot Traffic in the Mine None
Last Worked 1982

 


 

Survey Notes

One of the most impressive sites yet in Colorado. The collapsed portal appears to be the original entrance from 1897-8. There is a larger portal that is securely gated preventing unauthorized entry. The mine is wet in some sections but solid rock and stable. 4 Gas meters found no abnormal readings nor alarms. Native gold is the primary export from this mine. These deposits are assumed to be very rich as there is visible gold to be found in the waste dump below the boarding house. Recommend re-processing all of the existing waste rock. Excellent spot for a small mining operation to work at a high profit from high grading the underground deposits. Mine is well documented and only closed due to logistic costs in 1983-4 when gold was under $400 per ounce. With gold values at triple that today this seems a very viable option for full development.

GolcondaGoogleEarthImage

Aerial view of claim and boundaries.

Number of Mines 2
Nearest city with amenities Lake City
Access to the Claim Drive up, 4WD only
Parking and Staging on the claim Room for 10+ vehicles and equipment on the claim.
Resources Water, Shelter
Structures on claim Boarding house, Workshop
Relics on the claim Many old mining implements
Elevation 12,360′

 


Reference:

  1. 2015 Colorado Project Highlights
  2. Golconda Mining Complex, Colorado
  3. Hinsdale County
    [learn_more caption=”Top Pictures”]

Remnants of pumps discarded in the waste dumps.


The old workshop (restored in 2014).


Easy lead and gold ores.


Remnants of mining days on the claim.


An old compressor on a renovated pad.


Old and new timbers in the restored workshop.


Waste rock dump at the lower camp.


The old adit entrance, collapsed but could be dug out.


It appears to have been bulkheaded prior to its collapse.


The bunkhouse on the claim. This once housed 100 workers at the Golconda.


Restored structure on the back of the boarding house.


The mine and Hurricane Basin behind it.


Interesting gold and silver ore discarded in the waste dumps.


Easy workings. Just pack it out, crush and repeat.


Original structures set aside as waste material.


Another view of the tailings at the lower camp.


Boarding house reinforcements


Gold and silver ore.


Visible free gold in the waste rock.


Restoration work inside the cabin. Its not period correct but its solid.



Inside the boarding house.


Old oven in the boarding house.


A look down the steep canyon.


Lower mine camp.


Thousands of tons of rich, native gold bearing ores.


Nothing short of epic.


Heavy silver ores speckled with flake gold.


Working up to the upper portal.


Jackpot. This portal doesnt see daylight very often. Only thanks to a hotter than average summer in 2016.


Water is clean and flowing freely.


View down the canyon from the upper portal.


Solid gating secures the mine for only the claimant.


Bring your waders.


The key to the lock will be given to the new claim owner.


Looking down at the old camp from the upper site.


Powder keg.


Water features included at no cost.


View of the camp from the upper bowl.


View of the upper bowl.


A beautiful shot of the Golconda Claim.


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[learn_more caption=”Claim Rating”]

Total Workings

Historical Value

Accessibility and Location

Mineral Value

Resources

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[learn_more caption=”Weather”]

Lake-City-Weather

Weather data from nearby Lake City

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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.

Ownership information

  • Type Owner-Operator
    Owner Golconda Mines
    Home office Silverton, Co.
    First year 1977

 

Commodities:

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

Materials information

Materials Type of material
Argentite Ore
Chalcopyrite Ore
Galena Ore
Pyrite Ore
Sphalerite Ore
Limonite Gangue
Quartz Gangue

Comments on the location information

CLAIMS LIE ACROSS UPPER HURRICAN BASIN EAST OF SEIGAL MTN AND DENVER PASS. ELEV AND LAT-LONG GIVEN ARE FOR PROBABLE MAIN CROSSCUT TUNNEL IN SE SEC. 29. ; INFO FROM LAND.ST :1977

Production statistics

Year 1919
Description Ap_Grade: ^7.34 Oz/Ton Ag, 0.946 Oz/Ton Au
Importance Item Commodity Group Amount recovered Grade Recovery percentage
Major Ore Silver Silver   207g/mt  
Major Ore Gold Gold   27g/mt  

Comments on the production information

PARTIAL PRODUCTION RECORD. FIGURES UNAVAILABLE FOR PRIOR YEARS. NO PRODUCTION REPORTED IN 1916-1918, 1921-1926, 1962-1964, 1966-1969.

Comments on the workings information

DEWEY TUNNEL DRIVEN 300 FT, DIRECTION AND EXTENT UNKNOWN; HURRICANE TUNNEL DRIVEN 800 FT, DIRECTION AND EXTENT UNKNOWN. GOLCONDA TUNNEL DRIVEN 1690 FT, PRESUMABLY SE; VEIN INTERSECTED AT 900 FT FROM PORTAL, WITH 3380 FT OF DRIFT AND 140-FT RAISE AT 885 FT. MAIN DRIFT WAS CONTINUED ABOUT 115 FT IN 1967-1969; NEW 150-FT CROSSCUT BEING DRIVEN IN 1977 TO INTERSECT OLD CROSSCUT.

Geological Information

Intra-ash flow andesitic lavas

Host and associated rocks

Host or associated Associated
Rock type Volcanic Rock (Aphanitic) > Felsic Volcanic Rock > Rhyolite
Stratigraphic age (youngest) Oligocene
Stratigraphic age (youngest) Oligocene

 

Host or associated Associated
Rock type Volcanic Rock (Aphanitic) > Felsic Volcanic Rock > Quartz Latite
Rock unit name Biotite-Quartz Latite Of Burns Member Of Silverton Volcanics;Eureka Member Of Sapinero Mesa Tuff
Rock description Biotite-Quartz Latite Of Burns Member Of Silverton Volcanics;Eureka Member Of Sapinero Mesa Tuff

 

Host or associated Host
Rock type Volcanic Rock (Aphanitic) > Felsic Volcanic Rock > Rhyolite

 

Host or associated Host
Rock type Volcanic Rock (Aphanitic) > Felsic Volcanic Rock > Quartz Latite

 

Geologic structures

Type Description Terms
Local San Juan-Uncompahgre Calderas, Lake City Caldera, Eureka Graben  
Regional San Juan Volcanic Field, San Juan Depression

References:

USGS Database – 10014719

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[learn_more caption=”Mining District Overview”]

Galena District Information

History:

The district was one of six districts which divided Hinsdale County in 1893 by Colorado legislation, with Henson as the main town. There was a major strike in 1899, due to a disputute over the Ute-Ulay and Hidden Treasure mines. This compelled the Colorado governor to send six companies of troops to keep order until the strike ended.[1]

Geology:

The geology and mineralization of the district is typical of the western San Juan Mountains. The district sits within the caldera fill on the northeast margin of the Lake City Caldera. Units include Oligocene quartz latite and andesitic flows and breccias of significant lateral extent, plus more localized flows; the Bachelor Mountain and Carpenter Ridge tuffs, the Fish Canyon tuff, the La Garita tuff, the Henson and Burns formations, the Sapinero Mesa, Eureka and Dillion Mesa tuffs along with silicic lavas.[1]

References:

  1. Galena | Colorado Geological Survey

District Overview:

District Aliases Henson Creek, Lake City
Discovered/ Organized 1893
Noted Commodities Gold, Silver, Copper

[/learn_more]

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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.