Price: $3,800,000

Historic Illinois Gold Mine and Mill

A Gold Rush Expeditions, Inc. Mining Claim Property

Federally Registered Mining Claim ID:NMC1141643, NMC1141644, NMC1141645, NMC1141646, NMC1141647, NMC1141648, NMC1141649, NMC1141650

160 Acre Lode Claim — Lodi District — Nye County, Nevada

Mining Claim Introduction

Illinois Mine is a large, remote and historical gold and silver producing property. The Illinois Mineral Property has documented and established minimum reserves of over $15mil ($15,000,000.00) in gold and silver. Gold Rush Expeditions

The Illinois covers one hundred and sixty (160) acres following the general trending of lodes and veins as indicated by exhaustive geological reports. The Illinois claims encompasses many other mines and vein off shoots.

The Sixty-Six Mine, The Smuggler Mine, The Wonder Girl Mine, The United Lodi Mine, The Sand Mound Shaft(mine) and the Marble Camp are all contained within the boundaries of the Illinois Property. In most cases, none of these ancillary mines have been measured or assayed for content or reserves.

The Smuggler Mine, five hundred feet west of the Illinois Mine, but contained on the Illinois property, returned assay values of 1.74 OPT Gold and 7.24 OPT AG.

The Illinois primary shaft was reported to be one thousand (1000) feet in depth in 1914 and additional development was recommended in a geological survey as gold and silver values were increasing with depth. Assays from 1941 reported as 1.14 OPT Gold and 111 OPT Silver.

Since 1914, The property has not been furtherer developed to examine these deposits and their viability.

Today it contains well over $15,000,000.00 in documented gold and silver reserves. This with none of the ores at the lower levels assessed or measured. The property is untapped and ready for development with intact drifts and shafts workings that will only require minimal rehabilitation.

Mining Claim Quick Facts

Access

There is a dry wash crossing that will require a high clearance. After this wash crossing the road is good but does have a few washouts. High clearance 4WD is highly recommended for the site. The main workings on the claim are drivable. There are some smaller workings that will require hiking.

Waste Dump Present/Size?

50,000 + tons, Some high grade ore piles seen. Iron, quartz, likely molybdenum, tungsten, galena and fine GOLD.

Tailings Present/Size?
Mine Cut/Structure

Shafts and adits. The majority of the mine entrances are cut into hard rock and then collared and timbered on the shafts.

Total Workings

Surveyors estimate over 10,000 feet of workings on at least 5 levels.

Commodities
Nearest City with Amenities

91 Miles to Fallon Nevada

Parking

Large, flat lower main mine camp can accommodate around 20-30 vehicles and equipment.

Resources

None

Other Items of Note

Needs rope work for the shafts and the winzes in the shaft will require ropework.

Acres and Type of Claim
160 Acre Lode Claim
Purchase Price
$3,800,000

Mining Claim Description

Set on the eastern slope of the Lodi Mountains and within the Lodi Mining District, the Illinois Mine may be one of the largest untapped gold and silver resources in Nevada. The property at current includes 160 acres of unpatented mineral lands. The primary mine camp is marked by a large headframe and ore bin at the primary shaft. The mine camp has been referred to in some publications as the ghost town of Marble.

The Illinois has a richly detailed history. The mine has produced over $1,000,000 in ores with gold prices at $20.00 and silver at less than .50 cents per ounce. The mine has been developed through 15 or more levels accessible from a one thousand foot main shaft which was constructed in 1905. There are reported to be at least 4000’ of workings in the Illinois.

The Illinois is located in a remoted area of Nevada, which is also known to be one of the most mineralized in Nevada. The mine can be reached on good county and public roads for the most part. There is a washout just off the county road that will require high clearance 4 wheel drive to navigate. This section could be repaired with a few days work.

In addition to the Illinois Mine, there are extensive workings from five hundred(500) to two thousand(2000) feet on the property which have shown good gold and silver values. These are not interconnected with the Illinois Mine workings but have been absorbed as part of the Illinois Group. They include the White Pine, the Smuggler, the Sand Mound and others.

Like many old mines in the Western United States, the Illinois mining claim has a rich and noteworthy history. Part of the Illinois' history includes stories of rags to riches and murders all within the family. The Illinois Property has suffered a long list of issues since its discovery and inception in 1875. Despite these issues, the mine produced over $1,000,000.00, and over $500,000.00 in profits between 1875 and 1914 when the mine was closed.

A 1973, very conservative assessment established the presence of at least twenty thousand six hundred and twenty (20620) Tons of ore with an average value of nearly one tenth (.09) OPT Gold and thirty eight (38) OPT in silver. These numbers were established by a cursory survey completed in 1973. Samples were taken from waste dumps and chip samples from the main drift level.

In 2017 valuations these reserves are worth roughly $15mil in gold and silver.

The greatest indication of the valuation of the mine comes from a report from 1914 and 1948, in which the various mining engineers report that the mine was shut down in 1914 due to water problems at or around the 860’ level of the workings. Water was being removed by hand raised buckets at the time. Prior to the water issues, gold and silver values were being reported at extremely high numbers, over one ounce per ton of gold and up to 100 ounces of silver per ton.

In 1973, David L. Evans, a noted environmentalist and Geologist, created a report for a private investor who was considering re-opening the property. Mr. Evans report was not favorable; however it is fraught with errors, omissions and intentionally misleading assay information. According to local sources, Mr. Evans feared the Illinois could become a massive, sprawling mine which could be developed on a commercial scale and likely operate for 100 years or more. His unfavorable report was written in an attempt to save the environment from such a “catastrophe”.

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