Francis Mineral Property

A Gold Rush Expeditions Inc. Mining Claim Property

Federally Registered Mining Claim ID : NMC1108352

20 Acre Lode Claim – Diamond District – Eureka, Nevada

Inventory Reduction Sale Price:$2,500.00

(Price Valid Until 9/28/2018)

The Francis Mine has originally been a part of the Phillips group of mines, all associated with the Phillipsburg Mine just north of the Francis. The mines are known for substantial silver production with gold byproducts. The ores are Cerussite, Pyrite, Stibnite and Tetrahedrite.

 

The drift workings are said to be 1000′ in a generally eastern trending direction. There are “multiple” crosscuts that examine different veins and ore bodies inside the workings.

Taken from a Mine Engineers report in 1952:

This report so far has concentrated on the PhiIIipsburg group, as that is where the development work has been done, and does not even speculate what may be the possibilities at depth when one would get into the sulphide zone.

The Francis group warrants carefuI development, and this is true also of the North Star and the other claims to the north. From surface indications and meagre work already done, there are several possibilities that might prove even more attractive than the Lincoln claim.

Take this property as a unit and, considering the mineralization that shows for more than five miles through the property, it is not unreasonable to expect that, with proper development, it can be made into a real producer.

There is no reason to believe that the mineralization and ore bodies would not continue down into the sulphide zone below the water level. With proper development of the indicated ore bodies, I am of the opinion that sufficient mill ore could be developed to guarantee the operation of a 300-ton per day mill for a period of many years.

This claim is part of the inventory reduction sale, valid only until September 28th 2018. These properties are discounted because they do not have a full GRMP-43 reporting. They may not have had an entire on the ground survey completed and/or have not been fully documented.

If these properties do not sale during the inventory reduction sale, they will be taken off the market and Gold Rush Expeditions will complete the GRMP-43’s and resurvey of the properties. The properties will then be offered at another date at a substantially higher price,

Mine Quick Facts
AccessExcellent high clearance roads. 4WD recommended
Nearest City with AmmenitiesEly, Nevada 90 miles away
CommoditiesGold, Silver, Zinc
Total WorkingsReported 1000′ main drift with off shoots
Acres20 Acres
Claim TypeLode
Price$2,500.00
ResourcesNone
TailingsNo Mill. No Tailings
Waste DumpSmall dump, no reason given. Less than 10K
Mine DevelopmentLarge adit cut to intercept the Phillips vein

From NBMG Reports:

The Diamond (Phillipsburg) mining district is located 21 miles north of Eureka on the west facing slopes of the Diamond Range in T22N,R54E Eureka County. Access to the district is north of U.S. Highway 50 by way of Nevada Highway 46, which is partially paved, and by good dirt roads along the range front. There are numerous new roads which are not shown on the current topographic maps.

The first mineral discovery was made here in June 1864, by a man known as Phillips. In 1866, a few tons of ore from the Mammoth claim were hauled. to Austin for treatment after which the district remained virtually abandoned until 1873, when a small smelting furnace was erected at the Champion mine by the Champion Silver Mining Co. This venture was unsuccessful , and later asecond furnace was built a t the Phillips property .

In 1922, the Eureka Silver Mines Co., a Utah corporation attempted to concentrate, by gravity methods , the dump material at the Phillips property, but the results were discouraging . Subsequently , lessees worked the mine and. the dumps with indifferent results. In 1937, the only activity in this area was on the Silver Bell group of claims situated about 1 mile west of the Phillips property .

The district was organized in 1864 when silver was discovered by a man named Phillips (Vandenberg, 1938). Development in the district was slow due to metallurgical problems but the district boomed in 1869, aided by the completion of the Central Pacific (now Southern Pacific) Railroad. A small amount of bullion was produced in 1873, but by 1887 the bonanza ore was exhausted and production was thereafter sporadic. In 1922, the Eureka Silver Mining Co. undertook the development of the area (Lincoln, 1923) but no production was noted. Total production for the district is about $250,000 from gold, silver, lead, and zinc, with the biggest production in lead (Roberts, et al., 1967). Recent activity, probably generated by the huge jump in gold and silver prices, has prompted extensive exploration work in and around the old workings. The entire west side of Diamond Range, including areas well outside the district, has many miles of new roads with extensive drilling and trenching obliterating many of the older workings.

The Diamond mining district is along the west facing slope of the Diamond Range, a north trending graben-horst structure which resulted from basin and range faulting. The Paleozoic limestones and dolomites, predominantly Silurian and Devonian eastern and Carbonaceous-Permian transitional sequences with several nappe of the allochthonous Vinini Formation, dip steeply west and are overturned (Roberts, et al., 196 7). The Paleozoic carbonates crop out in steeply dipping northwest trending belts. The overlap sequence formations parallel the range and are folded into a syncline witl1 its fold axis along the ridge crest (Roberts, et al., 1967). Cutting the.carbonates are fault and breccia zones, cemented with sulfide bearing hydrothermal quartz veins. Silicification of the carbonates is associated with these fault zones.

Ore minerals include argentiferous galena, pyrite, sphalerite, and antimony, forming pods and stringers in the vein quartz.

Also occurring are anglesite, cerrusite, malachite, and azurite. Gangue minerals are quartz and calcite. The Diamond district is aligned along the Eureka-Battle Mountain mineral belt.

The principle working in the district is the Phillipsburg Mine, located in a north trending shear zone with argentiferous galena-bearing quartz veins cutting the silicified carbonates. There are several thousand feet of underground workings and tailings cover several acres. Extensive trenching and surface cuts surround the site. North of the district are the remains of the Steel-Galena Mine, located on a contact between an erosional remnant of the Vinini Formation, the upper plate of the Roberts Mountain Thrust Fault, and the lower plate of the Paleozoic carbonates. The remnant is made up of quartzite, shales, and phyllites and is cut with galena bearing quartz veins that are coated with secondary copper minerals. The workings consist of several hundred feet of vertical and inclined shafts. Between the two workings are recent exploration sites connected by new drill and Light use roads.

All properties that are part of the Inventory Reduction sale will be sold for $2,500.00 (Two thousand five hundred dollars and no cents) plus $349.00 (Thre hundred forty-nine dollars and no cents)(per claim) documentation fees, regardless of previous valuations.

 

 

Properties have had annual assessments paid for the 2019 year and no assessments are due until the 2020 assessment year.

A deposit of $1,000.00 (One thousand dollars and no cents) may be paid via credit card to hold the property for up to 7 (seven) days.  Buyer may also make depsoit via check, cash or wire transfer. Property will not be considered sold until payment has been received in full.

With $1,000.00 (One thousand dollars and no cents) deposit, an invoice for the remaining balance due will be sent via email. The remaining balance will be due within 7 days from deposit being made. The remaining balance due may be paid via wire transfer, cash, check or cashiers check. Credit cards will only be accepted for the initial deposit.

If remaining balance is not received within 7 days, deposit will be considered forfeit. There are no refunds.

Once full payment has been received, a quit claim deed transfering the claims from Gold Rush Expeditions to the new owner will be completed, recorded and filed as required by law. Upon return of the recorded documents, Gold Rush Expeditions will send the new owner copies of recorded files.