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Historic Roosevelt Gold Mine CMC287551, CMC287552– 20 acre Lode and 20 acre Placer Mining Claim for Sale – Gunnison, Colorado

$180,000.00

The Roosevelt is mining operation was a massive undertaking that includes: a branded and gated adit entrance, a double battery (10 stamp) mill, a power station and much, much more. The Roosevelt tunnel was driven to intercept three rich ore veins from mines on the other side of the mountain. A placer claim covers the river and a lode claim covers the mine.

Product Description

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Historic Roosevelt Gold MineCMC287551, CMC287552

CMC287551, CMC287552

20 Acre Lode and 20 Acre Placer Claims – Quartz Creek District – Gunnison County, Colorado

 


Overview of the Claims


Gold Rush Expeditions, Inc. is proud to present the Historic Roosevelt Gold Mining Claim. This is a 20 acre lode and 20 acre placer mining claim for sale exclusively through Gold Rush Expeditions, Inc. The claim is located just outside of Gunnison, Colorado 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.

The Roosevelt is a lost treasure. A mining claim of epic proportions. The mine is a massive undertaking that includes nothing less than a large, branded and gated adit entrance, a double battery (10 stamp) mill, a power station and much, much more.

Despite the massive size and output of the claim, the mine is relatively undisturbed due to its location on the opposite side of a wide running river. This river once drove the power plant that can be seen from the road, if you keep a sharp eye. The location currently allows for only foot access. This makes mining a bit difficult, but if someone gets serious and files a Notice of Operation, a new road could be cut and a bridge installed across the river for access. The roads on the claim are all still there, they are just inaccessible.

The sheer size and capital outlay it took to create a mining operation like the Roosevelt is astounding. Typically this is something you would only find on patented mining claims, but this claim is indeed available.

A short but steep, 0.8 mile hike is required to get to the entrance of the mine, but it is well worth it. The tunnel entrance boasts extensive craftsman rock-work and is stable and solid. The gates into the mine are locked and secure (keys given only to claim owner). It is located in a dense forested area. The foot paths are narrow, but well defined.

The mine is a massive beast, boasting at least 2200′ of linear drift workings to a huge lode that measured up to 3 feet wide. From this lode, a series of drifts and raises lead over 800′ down into the depths of the mine. The ores are rich gold and silver. Some early reports also noted platinum, but not in measurable quantities.

Outside of the mine there are thousands of tons of tailings. Some processed, some not, some waste and some high-grade that never made it across the river.

The mine closed reportedly in 1919 amid controversy with the owners. A typical case of too much money and too much greed. The mine has not operated on a commercial basis since this closure.

There is a wide river below the mine where the tailings have dumped in. Also many, many other old gold mines are up stream from this. For this reason we have also put a placer claim covering the river and the water output from the mine. The river has many soft banks with dark, black sands and bits of gold. Its a dredger or sluice box paradise.

“The Roosevelt Mine, located three miles below Pitkin, opened in 1907 with a great deal of promise and operated into the 1930’s (sic). It was an attempt to reach the very rich Camp Bird, I. X. L. and Gold Ridge mines at depth. It was also meant to drain the shafts of some of these mines so the richer ores could be worked on. There was great interest in reaching those veins at depth through the Roosevelt aka Copper Mountain tunnel. A massive effort went into reaching the veins. If they ever reached any of those veins at depth is unknown.”

Our surveyors were unable to explore the entirety of the workings. At the 1300′ point, their air monitors dipped from 20.8 to 19.0, while still a good level of oxygen, they decided not to risk going further. A small oxygen tank or canned oxygen would be advised for further exploration. It’s always better to play it safe.

From a 1916 report – “The majestic empire of the Western Slope”

“The Copper Mountain Tunnel (or Roosevelt Tunnel as it is usually called) is at present about 1,800 feet into the mountain and only about 400 feet from the Roosevelt vein, which is one of the first of the larger ore deposits which the tunnel will tap. The vertical depth the tunnel will attain on the vein is about 800 feet, affording immense stoping facilities, and as the vein at the outcrop shows an ore body of 19 feet in width, it is apparent that with the tapping of this vein the company will become a producer second to none in the district.
Assays from the surface of this vein have shown values from $4 per ton in gold and about 8 percent copper up to $377.10 (18.24 ounces) per ton in gold (1916 price of gold $20.67 per ounce) and as the ores, as is the case in every other mine in the section, will increase in values with depth, it would appear that the company’s future success is assured.

In the near vicinity of the Roosevelt mine the Midnight Mining Company has opened up a rich vein of gold-copper ore and as this vein has a trend towards the holdings of the B. I. M. Co. it is expected that this vein will be tapped by the tunnel and the vein in its entire length be drained and not only will the B. I. M. Company have ownership to a large part of the vein but at the same time it will give the Midnight Mining Company an opportunity to mine its ore which up to this time on account of the heavy flow of water in their shaft has been impossible. The tunnel, in its onward course will tap several other known veins such as the Camp Bird and the Gold Ridge until it reaches its terminus at the I. X. L. mine, which is considered one of the most valuable and important of the company’s holdings. At the I. X. L. mine is an immense deposit of ore, averaging from $2.60 to $6.00 per ton on the surface, to $37.50 and $90.00 at a depth of 80 feet. The vein has been opened up by a crosscut tunnel at a depth of 40 feet, showing the vein to be 43 feet in width, and extending for several thousand feet. The general formation is a positive indication that the I. X. L. will be one of the best mines in the state, but, on account of the porphyry dikes and talcy deposits, with which the vein matter is associated, which gives water easy access to the workings, they realize the necessity of operating this mine through the Copper Mountain tunnel, and they are eagerly pushing the tunnel work forward with that aim in view.

On the Gold Ridge claims a very rich vein was discovered on the surface and several shafts and tunnel were driven endeavoring to open up and determine the trend of the vein. In tunneling, ore was found to contain values in gold and silver to the amount of $18.28, with considerable copper, and as assays showing up to $25,000 per ton in gold (1250 ounces per ton) and as high as 40 percent in copper have been found, they feel sure that the Gold Ridge mine will prove exceptionally good, and as it is but a short distance from the I. X. L., it can be easily worked through the Copper Mountain tunnel which will tap these veins at a depth of upwards a thousand feet. The Camp Bird mine, which is also owned by this company, is at present being worked by leasers under royalty.

The work in the Copper Mountain tunnel was first started by hand, but later a small steam compressor plant was installed and the tunneling pushed forward with machine drills. It was, however, realized that the steam plant was of insufficient capacity and as the company in the meantime had acquired title to the water right on Quartz Creek, a hydro-electric plant of over 400 horsepower capacity, involving an expenditure of about $30,000.00 and containing the most modern and up-to-date electrical machinery was installed. New equipment in the way of transformers, motors, compressor and ventilation fan were also installed in a new stone building at the entrance to the tunnel, which was completed in 1915, and at present the company is in position to drive the tunnel onward with great speed, at the same time as they have ample power for all mining and milling purposes. Electric lighting system has been installed in the buildings owned by the company, and electric power can also be used for the tramming of ore and for lighting the mine. Besides all power for their own use the company has over 200 horsepower electricity to dispose of to other mines in the district.

As is the case with most mining enterprises the company has been handicapped by lack of sufficient funds, but if the investing public was fully aware of the unusual possibilities and merits this company possesses, as well as the scrupulous care, economy and business tact used by the management, and were familiar with, the character and class of men at the head of this enterprise they would not hesitate to affiliate themselves with this company and aid in bringing success to this worthy enterprise which undoubtedly will ere long “make good” and give its stockholders liberal and ample reward. The company is backed by business men from the Eastern states and the president is the well known Col. R. B. Anderson of St. Louis, Mo., with offices at 5 1 8- S 19 Metropolitan building, who will be pleased to give any further information about the company that may be desired.”

1923 From – Pitkin Public School District Number Five, Issue 5,

“The Roosevelt Mine, under the direction of A. P. Nelson, was driving its tunnel into Copper Mountain to cut the Camp Bird and I. X. L. veins at depth. The company had recently purchased the mill from the Sandy Hook mine, and it was almost re-assembled on the Roosevelt property along Quartz Creek and ready for operation.”

From Minerals yearbook 1938

“The Manhattan Mining & Leasing Co. operated the Roosevelt Gold Mines Co. property under lease from June 25 to September 1, 1937, and then suspended business. The company treated 300 tons of ore in the 25-ton hydroelectric stamp-amalgamation mill on the property. The ore was mined chiefly from the Camp Bird claim in the Roosevelt group, but some was obtained from the Chicago-Climax mine and Little Jessie dump nearby.”

References:

National Bureau of Mines Surveys, 2015, Gold Rush Expeditions Historical Research Division, 2015.

Pitkin Public School District Number Five, Issue 5, page 63.

Gunnison County, Colorado; the majestic empire of the Western Slope, page 61.

Hughes, H. Herbert / Minerals yearbook 1938

 

[learn_more caption=”Claim Rating”]

Total Workings

Historical Value

Accessibility and Location

Mineral Value

Resources

Total Workings

Documented workings are well over 2200′, not including substantial stoping and other work. All of the other mines have since closed or been bulldozed. This tunnel represents the last known opening into these workings.


Historical Value

The historical value could not be more. There is good history of the mine that has been passed down since its inception and much to be learned from exploration of the workings and the area around the mine.


Accessibility and Location

Access is currently by foot only. There are wide and open roads on both sides of the river, but no current connection.


Mineral Value

The mineral value is the highest possible rating. This mine is noted for extensive gold and silver production. Gold is said to have been 2-5 ounces per ton, but some shipments from the mines on the other side of the mountain, of which the Roosevelt was driven to intercept did bring up to $25,000 per ton, and that was when gold was around $20 per ounce.


Resources

Shelter in the form of trees. Lots of timber for all purposes. Water, old buildings. As far as resources are concerned, this claim has just about everything.

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[learn_more caption=”Aerial View of Claim”]

Google Earth view of claim and boundaries.

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[learn_more caption=”Quick Overview of the Claim”]

Number of Mines 1 adit
Access to the Claim 0.8 mile hike to adit entrance
Parking and Staging on the claim No way at this time to get vehicles to the site. You can hike up and camp on the claim on some flat spots.
Resources Shade, Wood, Water in river and running out of the mine, Reclaimed wood
Nearest city with amenities Gunnison – 22 miles
Structures on claim Mill site, power house, rock workshops connects to adit with amazing rock work
Relics on the claim Old water flume parts, machinery, stamp mill (battery)
Elevation 9000 feet above sea level

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[learn_more caption=”Weather”]

Weather data from nearby city – Gunnison

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[learn_more caption=”The Mine”]

The Roosevelt tunnel is actually little more than a targeted cut to intercept a set of massive gold bodies. These gold bodies had been worked at the surface for less than 100′ but noted to be very rich and nearly pure.

At 2200′ there was a large, 19ft. wide gold ore body struck. Three separate shafts were sunk on that vein that were over 800′ deep each.  There is considerable gold and quartz visible and likely much more.

Air quality degrades from 20.8 to 19.0 at approximately 1300′ and stays consistent. May need oxygen if operating without ventilation. No other gases identified within the mine. The spine and ribs are solid and there is no shoring. Wood has been used for small operation stations and ladders. This mine is ready to work, as is under casual use, but highly recommend full commercial production.

Roosevelt Entrance

Roosevelt Mine Diagram

Mine Details:

Access to the Mine Hike 4000 feet from the access bridge
Tailings Present Some gold ores around, no high-grade piles. Good ore at the mill.
Entrance Gated, cut into solid rock
Mine Cut Adit
Depth / Length 7000+ linear feet of workings
Minerals in the Mine Gold, Pyrite, Quartz, Galena
Foot Traffic in the Mine Light
Last Worked 1930s

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[learn_more caption=”Surveyor’s Observations”]

Very large site, amazed that this isn’t patented property. There are likely over 200,000 tons of material outside of the mine and above and below the mill. Some of the tailings have been processed, most not. Gold and silver are the main exports, but the big values are in the gold. The mill was a crusher and float and the material below the mill is completely worked. Water ran from lines 3 miles away in Pitkin for processing.

The mine has over 2200′ linear feet  according to historical documents. This was before the primary gold lodes were hit. The mine was noted as dry in 1919, but hopeful that once they hit the big veins, the mine would also drain water. The mine drains a lot of rapidly flowing water today indicating that the ore bodies were indeed hit and likely worked.

This mine could easily go into full commercial production and produce a lot of gold.

Current Owner

Gold Rush Expeditions, Inc. – 2015

Commodities:

  • Gold – Primary
  • Silver – Primary
  • Copper – Primary

Comments on Mine/Production

One of the best standing examples of a full mine site yet found in Colorado. Gold came in values of up to $25,000 per ton, this is a no-brainer.

Reference

National Bureau of Mines surveyor report. Onsite visit 2015.

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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.

Commodities:

  • Gold – Primary
  • Copper – Primary

Geological Information

Host Rock type: Plutonic Rock- Mafic Intrusive Rock- Diorite

Materials – Type of material

Limonite – Ore
Malachite – Ore

Comments on the geologic information: Wide quartz vein

References:

USGS Database – Roosevelt

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[learn_more caption=”Claim Photos”]

Black sands and bedrock. It doesn’t get much better.


Deep and flowing, drop a sluice in here.


River in foreground, powerhouse in background.


Trail along the river to the mine.


Sands in the eddies.


Black sands and gravel ready for dredging.


The massive old power plant building.


Access into the power plant part of the building.


Old wood water pipe, only the bands remain.


A small trestle built for the water pipe.


Old gold screens from the mill.


The road to the mine.


The old blasting shack.


Thousands of tons of un-processed tailings.


An old trail across the tailings to the mill.


Mill and Trestle.


The old road to the mill.


The trestle from the road to the mill.


Looking at the mill from the road.


This is a big mill, without doubt.


A good shot of the massive mill.


The hopper could use some restoration.


All cams in place.


Uncommon maker of stamp mills.


Stamps are still in the mill.


Stamp mill workings.


Note patent dates on the bolting.


Most of the mill is still there, in one place or another.


Walls below the mill.


Stunning entry portal.


Water and old rail.


Constant flowing water from the mine.


A large building remnant at the mine.


Door to the miners quarters off the mine portal.






























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[learn_more caption=”Mining District Overview”]

Quartz Creek District Information


History

Reported production figures are sparse but the district produced 3,780 oz silver, 186 oz gold, 13,560 lb lead, and 150 lb copper in the years 1934-1943. As early as the 1880s the nearby town of Pitkin, situated on Quartz Creek was a bustling mining town with between two to three thousand inhabitants. In fact the mining town attracted more attention than any other camp in Gunnison County. (Hallowell, 1883, p. 125) & (Streufert, 1999, p. 36)

From a 1916 Report on the District

Pitkin is a thriving little mining town situated about 14 miles below Alpine Pass, on the western slope of the Rocky Mountains, 28 miles northeast of Gunnison, the county seat. Lying as it does in the center of the mineral belt of the county, it is an important supply point for the many gold, silver and tungsten mines in the district. The town has several general stores, bank, express and post office, hotels and various other business houses. Has a fine school, two churches and “The Pitkin Miner,” one of the best edited mining papers is the state, is published here.

Quartz Creek, one of the swiftest mountain streams in the state, runs through the town, and the city is kept clean by the steady streams of water that run down on either side of the main streets. Quartz Creek is well stocked with fish, and State of Colorado maintains the largest hatchery of mountain trout in the county a half mile below the city, and fish from this hatchery are sent to all parts of the world. Pitkin is a point that the tourist should not fail to visit, and the beautiful little city is one of the most ideal and attractive mountain towns, not only in the county, but in the entire state. (Nelson, 1916, p. 37)

The mines and mining properties in the vicinity of Pitkin have for a number of years been recognized as being of unusual excellence and value, and regarding the district, a noted geologist and mining engineer says as follows: “The northern end of the Gold Belt, near Pitkin, is well worth the attention of miners and capitalists seeking promising propositions. The geological conditions are all that can be desired for a gold district, consisting of granite, schists, etc., traversed by dykes of porphyry and other igneous rocks, and strong quartz veins. The average thickness of these veins is from two to four feet, .lying between walls of schist or gneiss, and showing at some points rusty quartz, containing good values in gold, and with depth passing into pyrites, with gold, silver, lead and zinc values. The geological condition is similar in many respects to the Cripple Creek gold district, and with depth it is destined to develop into a productive gold camp.” (Nelson, 1916, p. 60)

Geology

The Quartz Creek mining district is a broad area encompassing much of the upper headwater basin of Quartz Creek and part of the Continental Divide. The majority of productive deposits occur on the exposed rim of a large bowl-shaped erosional remnant of Paleozoic carbonate and marine clastic rocks. This remnant outcrops in the area between the town of Pitkin, on Quartz Creek, and Halls Gulch to the north near Fairview Peak. The northern end of the district includes deposits of gold-silver, tungsten, and molybdenum near Cumberland Pass. To the east the Quartz Creek district includes small precious and base metal deposits in Proterozoic rocks occurring east of Sherrod on the Continental Divide. Most production has come from replacement deposits in dolomitic beds. Production from vein-type deposits is appreciably less.

Replacement deposits of argentiferous galena, gray copper (tetrahedrite-tennantite), and possibly stephanite, have been the most prolific in the district. The deposits occur in a belt of exposed Paleozoic rocks known locally as the Pitkin lime belt. Lower Paleozoic rocks are exposed around the rim of a large erosional remnant which has been folded into a structural bowl, dipping from all directions into the drainage of Armstrong Gulch north of Pitkin. Most ore is in dolomites of the Ordovician Fremont Limestone, just below carbonaceous shales of the Devonian Parting Formation, although some ore occurs in the Devonian Dyer Dolomite or in the Mississippian Leadville Limestone. The ore bodies, which are generally irregular, contain galena and dark sulfides in an often vuggy gangue of calcite and quartz. Some ore has no gangue other than dolomite. The ore from these deposits contains secondary copper and lead carbonates.(Streufert, 1999, p. 36)

References:

Nelson, A. P. (1916). Gunnison County, Colorado ; the majestic empire of the Western Slope: What it is and those who have made it. Pitkin, CO: The author.

Hallowell, J. K. (1883). Gunnison, Colorado’s bonanza co. Denver, Col: Colorado museum of applied geology and mineralogy.

Streufert, R. K. (1999). geology and mineral deposits of Gunnison county, Colorado. Denver, CO: Colorado Geological Survey, Department of Natural Resources.

District Overview:

Discovered/ Organized 1870s/ 1880s
Noted Commodities Gold, Silver, 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.