Gold Rush Expeditions Inc.® mining properties are the most competitively priced in the industry
Our pricing model is simple. We define the value of the assets (deposits, dumps, tails, reserves) on the property. Then we price the property at 0.1% of that valuation. All of our mineral properties are priced at less than 1% of the recoverable assets on the site. Beyond the asking price, it’s a solid valuation of what you can expect as a Return on Investment (ROI). No one else offers pricing like this, only Gold Rush Expeditions, Inc.®.
We work hard everyday to provide proven and documented properties to our customers
Based in Salt Lake City, Utah, our inventory covers the majority of the western United States. We welcome both domestic and international customers and support any range of operations from individual miners looking for a hobby mine to large commercial-scale interests.
Gold Rush Expeditions, Inc.® does not broker mining properties
Other Mining Brokers charge for listings which may contain unverified details and information. We are different in the fact that every property in the Gold Rush Expeditions, Inc.® massive inventory is owned 100% by Gold Rush Expeditions, Inc.®
Why does this matter?
Because we want to provide controlled, accurate data. This means that when you look at a Gold Rush Expeditions, Inc ® property, all the information, photos, assays and assessments are verified and based on our knowledge of the sites. This is important because it means that we are not just regurgitating information about a mineral property that we have no experience with.
Ownership also means no middleman
Your mineral property will be transferred directly from Gold Rush Expeditions, Inc.® to you. We handle all of the documentation and all of the necessary recordings. No waiting around for an unresponsive third-party seller. We communicate directly with you and have verified the information, deposits, and the actual state of the property.
Only Gold Rush Expeditions, Inc.® offers the bleeding edge technology and hands-on experience to bring Mining operations into the future
We understand that a mining property is a big investment and you need all of the information possible to make an educated decision about the property that you move forward with. Gone are the days of walking around a property and kicking a few rocks. Today, thanks to Gold Rush Expeditions, Inc.®, proprietary processes, we are able to deliver GRMP-43 Technical Mining reports to our clients. GRMP-43 Technical Reports cover all aspects of the mining property to give you the full picture of the property without getting any dust on your boots.
Full Technical Mining Reports
As a part of our commitment to providing the highest quality mining properties to our clients, we provide full technical reports with all mining properties. We call these reports GRMP-43© Technical Reports. GRMP-43© Technical Reports cover all aspects of the mining property, including, but not limited to: Geology, structure, reserves, site history, historical production, and current status.
The biggest piece of the technical report is our survey validation
This is a “boots on the ground” examination. This survey includes hands-on examination of the entire surface of the property. Documenting outcrops, waste dumps, tails, adits, shafts and other workings. We make every attempt to safely access any underground workings to further our understanding of the deposit and the minerals in place. Grab samples are taken from surface dumps and tailings piles and assayed.
When underground is accessible, samples will be taken and assayed from high grade veins and deposits. Contours and surface abnormalities are noted and documented as our mineral surveyors create a map of the mineral property. Underground we utilize specialized compasses along with measuring devices to create a mapping of the workings.
All aspects of the surface and underground mineral deposits are photographed in high-resolution, 25MP or better, using the latest in cutting edge technology. Video documentation is captured in 4k resolution both above and below ground so that you can see exactly what we are seeing. Overhead drone footage shot in 4k completes the surface assessment, noting all elements and aspects of the property. All of this work and research is compiled to provide you with a comprehensive technical report that gives the full picture of the operation, the historical assessment, and the potential moving forward. It is an extremely intensive process but it gives our client the full picture of the property without ever leaving your desk. GRMP-43© Technical Reports are only available on Gold Rush Expeditions, Inc® properties and only from Gold Rush Expeditions, Inc.®
Productivity is key in mining
We can help you keep your exploration budget in check by locating high value sites with defined values and reserves. Gold Rush Expeditions, Inc ® properties have been fully surveyed and mapped, with all valuations and deposits well documented. Gold Rush Expeditions, Inc.® mineral properties are backed by geological reports, assay statements, and “boots on the ground” surveys, so that you know exactly what you are getting with no surprises.
Gold Rush Expeditions, Inc. ® provides properties to many large mining companies and operators. The goal is to get into the property as inexpensively as possible and spend the remaining dollars on diligence and development. We understand your goals and we work as hard as you do to bring you high value properties at reasonable prices.
Following a decade of non-profit experience in preserving and documenting mining history across the western United States, Gold Rush Expeditions, Inc® is established and immediately begins hosting events showcasing this rich and extensive history and offering proven and documented mineral properties for sale.
Leveraging new technology and modern processes, Gold Rush Expeditions, Inc® becomes the first in the industry to offer mineral properties on eBay.
Gold Rush Expeditions, Inc® sponsors the National Historic Mining Initiative in Park City, Utah. This two-day event provides guests with workshops examining the history of mining and its future viability. Gold Rush Expeditions, Inc® expands its reach and begins offering mines in Arizona, Nevada, and New Mexico.
Mineral properties in Montana, Oregon, and Washington are now available for purchase.
Gold Rush Expeditions, Inc® further expands its inventory by including mineral properties located in California, Colorado, Idaho, North Dakota, South Dakota, and Wyoming.
Pioneering new technology, Gold Rush Expeditions, Inc® begins providing in-house video documentation for its mineral properties.
Gold Rush Expeditions, Inc®, along with several industry partners, establishes the Mining Safety and Training Authority. This organization provides training on industry standards and best practices to assist new miners entering the industry.
Gold Rush Expeditions, Inc® begins adding mineral properties with over $1 billion in documented mineral reserves to its inventory.
From offices in downtown Salt Lake City, Utah, Gold Rush Expeditions, Inc® provides proven and documented mineral properties to individual miners and commercial mining interests alike.
As President and Chairman of Gold Rush Expeditions, Inc.®, Corey’s vision has driven the expansion and development of the organization from its beginnings as a local, Utah-based not-for-profit to its current status covering the western United States and conducting business with clients ranging from individual miners to commercial operations and JV Capitalists, domestically and internationally. He initially formed Gold Rush Expeditions in 1994 with the goal of preserving historic sites and mining history in Utah and the surrounding area. In 2004, Gold Rush Expeditions re-organized as a Corporation and expanded its operations to cover all of the western mining states, from Iowa to California and everywhere in between. Corey brings a diverse background of information security and technical development to his leadership including experience with many Fortune 500 companies, such as Zions Bank, Bank of America, and Wal-Mart, as well as several government agencies through his work with the Raytheon Technologies Corporation. As a founding member of the National Bureau of Mines, he seeks to bring mining back to the forefront of American Industry. Corey’s true passion, however, lies in the old west and its history. Spending decades in the field with aging miners and prospectors, he has amassed a wealth of knowledge about the famous and infamous stories of western mining and its history. This passion and knowledge is the driving force behind Gold Rush Expeditions, Inc.® and its push to establish new frontiers in locating valuable mineral deposits that have been lost, forgotten, or simply left undeveloped and bring them to the global market using new technology and exhaustive documentation.
An essential element of Gold Rush Expeditions, Inc, Jessica directly oversees all asset management and acquisitions. Initially coming from the healthcare industry, she implemented a focused direction, organizational structure, and programs and processes which directly resulted in an exponential and sustained stable growth. Jessica is the keystone element of the team that turns goals and concepts into defined and executable actions. She takes pride in maintaining an unrivaled first-hand knowledge of geology and mining archaeology as well as building a legacy organization that will positively impact the future of the mining industry and America. Jessica has an extensive background in Business Management and holds a Bachelors of Science in Nursing. In her free time Jessica enjoys the endless projects at her mountain home in Utah. She teaches dance and enjoys hiking, mountain biking and paddle boarding.
Unscripted, relationship-based, and determined is how Sales Executive Tate Calvert describes his approach to success. Tate is an experienced Sales Manager with 8+ years in the sales industry. He has an impressive track record as a top performer in different roles as a Sales Leader & Sales Executive. Tate has a passion for winning in all areas of life. He is focused on helping clients with strategies to get the best project for them and their organization while also ensuring the development and improvement of his team. When Tate isn’t at work, he is in the the mountains, hiking, snowboarding, or coaching youth wresting.
Continually exceeding expectations and pushing the boundaries of what is possible, Tyler’s determination to build lasting and meaningful relationships are his keys to success. Tyler joins Gold Rush Expeditions, Inc from a distinguished and successful automotive management career where he most recently won Larry H. Miller’s prestigious Society of Excellence award for paramount customer service and historical sales achievements two years running. Tyler has a long history of involvement with mines and their history and would love to help you find out more.
Debi Smith brings over decade of experience to Gold Rush Expeditions, Inc. providing high level administrative support and creative marketing strategies. With a strong corporate background, Debi specializes in organizing administrative processes, implementing tools and systems to improve efficiencies, and restructuring workflows to optimize productivity. She also has extensive experience with Graphic Design and Marketing methods. Debi is an avid proponent of continual learning. She consistently pursues diverse subjects that enhance both personal and professional development. In her down time, she loves to camp, hike, paddle board, and enjoy nature.
Full Stack Web Developer
A thorough and meticulous Full Stack Web Developer, Jason brings a diverse background of engineering and technical experience to problem solving and efficient web solutions. Prior to joining Gold Rush Expeditions, Inc. he has completed a distinguished Naval career, performed various roles in the fields of Learning and Development and Management Consulting, and earned a Bachelor’s Degree from Auburn University in Applied Mathematics.
Gold Rush Expeditions, Inc® determines the value of a property based on the amount of mineral assets that can be defined on the property. We measure surface values, such as dumps, tails, and shipping ores. We also take into account blocked reserves, inferred reserves, and estimated reserves.
We measure these values for minerals that can be easily sold on the open market, including Gold, Silver, Copper, and Platinum. When applicable, we also measure values for Tungsten, Molybdenum, and sometimes even gems!
We only use the defined and documented values for each commodity present on a mineral property. If we cannot prove it with a report, we do not include it in our price calculation.
Measuring reserves is an extremely expensive operation that requires drilling. We use several terms in our proprietary reports in relation to reserves:
We only report reserves when a mining company or USGS has documented the reserves – AND – we have been able to verify by an on-site examination that those reserves have not been worked out.
Dumps are measured by field surveyors during an on-site examination. Values provided are height x width x depth and use the most conservative measurements of each value. Samples are obtained from the several locations including the top of the pile, middle of the pile, and bottom of pile. Each sample is selected to be a representative showing of the mineral content.
Tailings are measured similar to dumps, but the sample material is taken sporadically as tailings rarely show any mineral content.
We use kitco.com for the trading value of Gold, Silver, Copper, and Platinum. We update this value on the first business day of each quarter using the market open price for each commodity on that day.
The trading value of Tungsten is more difficult to quantify. Due to its status as a strategic mineral considered critical to the economic and national security of the United States, it is not traded on any commodities exchange. The price of Tungsten is mainly driven by China who are the world’s leaders in producing and consuming Tungsten. We obtain the value of Tungsten from several locations including metalary.com and metalbulletin.com.
We then take a conservative percentage of this value and apply it as a premium for each claim in a mineral property that has a defined Tungsten reserve over 10,000 tons. This premium value is updated annually.
We start with the total market value for the mineral assets present on each property and multiply it by 0.001 (0.1%).
If the property has a defined Tungsten reserve over 10,000 tons, we add the Tungsten premium for each claim.
Finally, we add in the documentation fees for the claim. These are the filing and administration fees associated with transferring a mining claim with the Bureau of Land Management and other applicable government agencies.
The final value is the one you see listed. There are no hidden fees or surprise charges.
Some mineral properties don't meet any of the Gold Rush Expeditions, Inc.® standard pricing requirements. These properties are given a set price based on their location, rarity, demand and minerals produced. This price also includes all documentation and transfer fees.
You will see our listing prices change from time to time for several reasons. We update the commodity price values described above on the first business day of each quarter. We also update our Tungsten premium annually. When these values are updated, our mineral property prices are updated on the website. If a mineral property is under contract when these values are updated, the contract price is maintained. If the mineral property is later returned to our listings, the price is recalculated using the latest values.
Find Your Property
View our current inventory and find the mineral property that fits your mining needs.
Contact Gold Rush Expeditions, Inc® via phone: (385) 218-2138, email: email@example.com, or use our contact form. We can answer any questions you have and provide you with a GRMP-43 report that details all aspects of the mineral property you are interested in.
Remit Your Deposit
A deposit in the amount of 20% is made to gain interest in the mineral property. This begins your due diligence period.
Take up to 90 days to perform your due diligence on the property. This can include testing, drilling, sampling, and any other related operations.
Complete Your Purchase
Submit the final balance due on your mineral property within the 90-day due diligence period. Gold Rush Expeditions, Inc® will then complete all documentation required to transfer the mineral property to you.
Methods of Payment Accepted
Mineral properties are considered "real property" and require payments to be secured.
For monthly payments, deposits, and down payments, Gold Rush Expeditions, Inc® can accept credit and debit card payments up to a maximum amount of $1,000.
For full payment of a purchase or amounts greater than $1,000, Gold Rush Expeditions, Inc® can accept Business Checks, Personal Checks, Cashier's Check, Wire Transfer, Money Order, or other method using certified funds.
Gold Rush Expeditions, ® can accept cash or silver and gold bullion if delivered in person to our main office. Bullion must be certified (stamped). When accepting bullion as payment, spot pricing will be used to determine the value given for the gold and/or silver bullion and will be defined at the time of acceptance at the Gold Rush Expeditions, Inc® office. Spot pricing fluctuates and can be tracked online at various websites, including Kitco.
Financing is offered to well qualified clients at a rate of 9% APR with terms of up to 24 months.
Down payment of 20% is required.
Permitting can only be performed after full payment for the property is completed.
The professionals at Gold Rush Expeditions, Inc® are experts in all aspects of mineral properties and development. From initial location to research, history, development, and planning, we know what it takes to do it right. See the brief overview of our standard services below. If you need something specific, contact us to get started.
Land verification, claim writing, and staking services.
Notice of Operation, Notice of Intent, and other specific services.
If you have questions about how to get your mining operation up and running, we can help. Our experienced advisors can work with you to determine your specific needs and assist you in planning and getting started.
Field Work, Technical Reports, Assessments, and Surveys. We do it all and we do it better than anyone else.
Gold Rush Expeditions, Inc® technical report that contains full details for each mineral property covering reserve amounts, history, location information, and much more.
Also referred to as hard rock mining, this term refers to mines where the mineral is deposited in a lode/vein in the rock itself.
Placer mines are the result of lodes or veins being disintegrated by natural erosion (like water flow) and results in a deposit of loose surface soil or small rocks that contain the mineral. Placer mining consists of filling a pan or similar container with the deposit to separate out the mineral.
Mill mining consists of using a mill or similar device to grind, crush, or cut the mined material into a smaller size to facilitate separating out the mineral.
Also referred to as workings, this term represents the total amount of mineral or commodity that is present on the site for processing in feet.
Also referred to as waste dumps, this term represents the total amount of previously worked but not processed material (overburden) from previous mining operations. Mining technology has improved significantly since the time many of our properties were last worked and these dumps usually have significant value.
This term represents the processed material from previous mining operations.
The type of mineral present for mining.
Resources available at the property such as water, timber, and electricity.
Any notable features of the property such as existing structures, natural formations, and other unique attributes.
How does Gold Rush Expeditions, Inc® determine the price for each claim?
We define the reserves on the property, both inferred and defined. Once we have this number, we price the property at 0.1% of the defined reserves. Realizing there are costs to the development of the site, we only require a small fraction of what is available.
Can I look at a mine you have for sale and test some samples before I buy?
Absolutely, but we do require a deposit in the amount of 20% of the claim purchase price. Once we receive your deposit, you will be allowed 90 days to complete your due diligence of the mining claim.
Can I sell my mining claim through Gold Rush Expeditions, Inc®?
We have discontinued any outside sales as of 2019, therefore we no longer sell claims on consignment.
What payment options does Gold Rush Expeditions, Inc® accept?
Gold Rush Expeditions, Inc® can accept credit/debit cards transactions for monthly payments, deposits, and down payments for a maximum amount of $1000. For full payment of a purchase, we can only accept Business Checks, Personal Checks, Wire Transfers, Money Orders, Cashiers Checks, or other certified funds. Please be aware that mining claims are considered "real property", and as such, the payments must be secured. We do accept cash if delivered to our main office in person. Gold Rush Expeditions, Inc® also accepts certified (stamped) silver and gold bullion as payment. Spot pricing determines the value given for gold and silver. Spot pricing fluctuates rapidly and can be tracked online at various websites, including Kitco. In the case of accepting bullion as payment, spot pricing will be defined as the time of acceptance at the Gold Rush Expeditions, Inc® offices.
What will I get after purchasing a mining claim from Gold Rush Expeditions, Inc®?
You will receive a Gold Rush Expeditions, Inc® Welcome Packet which contains your Quit Claim Deed, showing transfer of ownership of the claim. In addition, you will receive a copy of all of the associated paperwork, images, and documentation of the claim. You can expect to receive your Welcome Packet within 14 days of full payment with all agreements signed and completed.
Who can own a mining claim?
Mining Claims are limited in ownership by US Citizenship. Any US Citizen can own a mining claim. Additionally, any US based company can take ownership of mining claims. In the case of international companies, those companies must be approved to do business in the United States.
What is the required down payment for financing a mining claim with Gold Rush Expeditions, Inc®?
The minimum down payment is 20% of the cost of the mining property.
What is the interest rate for financing a mining claim?
Financing for mining claims is offered at a rate of 9% APR (Annual Percentage Rate). Financing is limited to 1 buyer for 1 site (in the case of multiple claims on a single site) at any given time.
What exactly am I getting with a mineral claim?
An unpatented lode claim gives the claimant complete ownership of all minerals and gems located within the confines of the mining claim. Lode Mining Claims give ownership of minerals that are located in their original location or amalgamated in a host rock. Placer Mining Claims give ownership of valuable minerals or gems that have been displaced from their original lodes and can be found in gravels or riverbeds. Placer claims usually apply to the topmost 18 inches of gravel or sands. All unpatented mineral claim rights are subject to annual renewal. Ownership of a mining claim, either placer or lode does not convey or imply ownership or interest in any BUILDINGS, MACHINERY or other EQUIPMENT that is found within the boundaries of the claim. In the case of many mining claims, it is possible to take control of the buildings, machinery or other items by filing a Notice of Operation and utilizing the items in conjunction with or to promote your mineral extraction operation. When in doubt, please inquire. Gold Rush Expeditions, Inc. ® has years of experience and we can provide answers to any questions that may arise.
How do I keep my mining claim active?
All mining claims must be renewed each year with the appropriate county and the Bureau of Land Management (BLM). This can be accomplished by filing a small miners waiver or by paying the annual assessment fee to the BLM. We can help you file your annual assessments.
Where can I buy equipment to mine with?
Gold Rush Expeditions, Inc® has high standards and we stand by our recommendations. For this reason, we recommend Global Mining Equipment. Global Mining Equipment is an all American provider of high quality mining equipment and accessories.
How far can I tunnel outside my claim boundaries?
As far as desired, as long as you don't breach the surface.
Are there public utilities (power, water, etc.) that I can use on the mining claim?
On rare occasions, there are public utilities near or on the property. If public utilities are present, you can contact the utility company for setup and use requirements.
Why are such valuable mines abandoned?
It may come as a surprise, but most mines were not abandoned due to lack of production or minerals. There are many reasons that mines were abandoned. The most common are related to regulation and are as follows:
- The “Silver Crash” of 1891-3. Federal support for the purchase of silver and silver ores was removed in 1891. The value of silver dropped from over $1 per ounce to $0.27 per ounce in 1893, stabilizing at an average of $0.79 by the end of the year. This equated to a cut of more than 30%. (Consider the impact that losing 30% of your income tomorrow would have on your own economy.) As a result, many silver mines were mothballed while waiting for the price to rise to previous levels of $1 per ounce.
- During WWI and WWII many left their mines to either fight in the war or help support the war effort by working in other industries.
- In 1941, President Roosevelt made it illegal to pursue the mining of any minerals except those considered strategic. This act was known as the War Act, and its intent was to cripple the mining industry, while providing man power for WWII. 418,000 men never returned from WWII. This left their mining operations abandoned. In addition, over 300,000 were wounded, left permanently disabled and were unable to return to their mines. Many men after WWII never returned to their mines.
- In the years after WWII, the federal government bolstered efforts to encourage people to work in the cities and offices of the nation.
Since the repeal of the War Act in 1945, Mining activity decreased over 900%. These mines were left abandoned because people died or were no longer able to work their mines. Many more people held their mining claims while they worked their city jobs from 9-5, all the while, promising to return to mining at some point. Most never did, and when they died, or stopped paying on their claims, they were considered abandoned.
How long does a mining claim remain active?
Indefinitely, provided that the annual assessments are kept current. Gold Rush Expeditions, Inc® can help with your annual assessments.
How many mining claims can an individual own?
There is no limit to the number of mining claims that you can own.
Can an unpatented mining claim be changed to a patented mining claim?
Not at this time. There is currently a moratorium on patenting mining claims.
I received a letter/notice from the Bureau of Land Management (BLM) or Forest Service (FS), what do I need to do?
You usually have 30 days from receipt of the letter to respond. If you do not respond within that time frame, you may lose your rights to the mining claim. Each situation is different and depends on the contents of the letter/notice and your situation. Gold Rush Expeditions, Inc® can assist you in responding to these notices. If you require assistance with a BLM or FS issue, please contact us at (385) 218-2138 or firstname.lastname@example.org to see how we can help.
Can I build a cabin or other structure on my mining claim?
Yes, but only with an approved Notice of Operation. Your building will need to be in direct support of your mining operation.
Where can I find the current price of gold and silver?
Gold Rush Expeditions, Inc® recommends Kitco.
Can I live on my mining claim?
Unfortunately, you are not allowed to "live" on your mining claim but you are allowed to prospect and mine it. Residency not reasonably incident to mining is not allowed.
How much does it cost to start mining?
It depends on the level of development you do. Permits are based on the amount of degradation done to the site. You will be issued a bond in the amount that is determined based on what will be required to restore the site when your operations are complete.
Can I work my mining claim while I pay it off?
No. You must pay for the mining claim in full before you can begin to work it. You can visit, sample, and conduct casual use operations while under agreement.
What is due diligence?
Due diligence is the act of verifying mineral content and property valuation. Buyers receive 90 days to execute due diligence once they initiate a purchase.
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