The American Eagle is a commercial scale property in terms or development potential. It is currently contained on two (2), twenty (20) acre lode mineral claims. The primary commodities on the property are copper and gold in that respective order.
Gold is found in the primary veins on the site and consistently at an average of ½ oz. per ton or more. Samples from the dump piles were lower, around ¼ oz. per ton average.
Chips taken from the main lode that runs the length of the property came in well over 0.6 oz/T in gold.
Copper is the high value target here. Assays average over 2.5% from surface and chip samples. There is also a blocked reserve on the site that is verified by the USGS . 81,650 Metric Tons (2200lbs) of copper at an average grade of 3.8%. There is also noted gold in this reserve, but the valuation was not measured.
With an already established mineral value, there is likely 10 x more than has been conservatively reported.
The mine suffers from the same ails as many old desert mines. It is far out and forgotten, it has no water, and access is not direct or simple. The mine was closed in the 1940s due to the metallic content not being a strategic mineral. In 1948, an entrepreneur was seeking to bring the property back to production, which is when the USGS completed their surveys and assay values. A lack of funds derailed the operations.
Examinations of the subsurface working revealed carbide lamp writings and dates from 1932 to 1958. Thus, indicating there was some level of work being done at this time.
The American Eagle is an ideal site for a JV operation to initialize development on, or for a small operation to prove up and operate on high grade material.
The presence of two historical mill sites with no environmental impact may pave the way for the development of a new mill on the property.
The site is remote. There are no resources. All water, and equipment will need to be trucked to the site which will require repair of the road for access by heavy equipment. With that in mind, the general returns on just the defined assets are far more than what the required development investment will be.
The American Eagle property should be viewed as a brownfield project with defined assets in copper and gold. The potential for development is based on many factors and should be undertaken only by a person or entity that is familiar with mining development and activities.
San Bernardino County, California, Whipple (Monumental) Mining District, California, California Gold Mining Claim, California Gold Lode Mining Claim, California Silver Mining Claim, California Silver Lode Mining Claim, California Copper Mining Claim, California Copper Lode Mining Claim, California Lode Mining Claim
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