The historic New Standard mining property consists of three (3) Lode Mining Claims which cover 60 acres of mineral property. The property includes the bulk of the Mineral Zone and Dome City which is a documented Mill site and substantial tailings and waste dumps. Located 17 miles east of Parker, AZ. in the Cienega Mining District which is known and documented to have produced over 11,000 ounces of gold prior to 1941.
According to reports from Mining Engineers, there is a minimum of 400,000 tons of reserves (ore value). Given assay averages taken from the entire region, this 400,000 tons will contain 13.4% Copper, 1.4 oz. Silver and .05 oz/T gold. Broken down that is 20,000 oz of gold, 560,000 oz Silver and 59,700,000lbs of copper.
Valuations as follows:
Copper: 13.4% (268lbs/Ton) 107,200,000 lbs. (Value-$251,920,000.00 @ $2.35 per LB)
Silver: 560,000 oz (Value- $8,680,000.00 @ $15.50 per OZ)
Gold: 20,000 oz (Value- $34,500,000.00 @ $1725.00 per OZ)
Total Value (05/2020) Blocked Reserves: $295,100.00
Total Value (05/2020) Inferred Reserves: $295,100.00
The mines in the area produce native gold in quartz in pocket deposits. The mines are also known for copper deposits in the form of azurite and malachite. There are also reports of wide veins of nearly pure, deep blue copper.
The New Standard consists of a series of adits, shafts and prospects and a large milling area where substantial tailings are still visible. The mines have been well documented for mineral value but not worked since at least 1921 due to financial and legal constraints on the Arizona Standard Mining Company who held the claims for nearly 50 years. Surveyors located two accessible portals on the property and a number of other collapsed portals and small prospects.
The Property has been broken up into two distinct deposits, known as Mineral Zone and Dome City, these are both dome type extrusions and are clearly defined on the ground and via overhead views.
These accessible portals are assumed to be the last remaining of the 5 (five) that were reported open in 1921. The shafts are reported to be as deep as 365′ (three hundred and sixty-five feet) with drifting on multiple levels. Surveyors verified at least 300’ in vertical depth and substantial drifting on 4 levels.
The old mill contains many thousands of tons of tailings which are spread out in an easterly direction from the mill. It also lends credence to the assertions of rich gold processing without need for chemical separation.
Access to the mine is through a wash road that is a direct route, but deep sand can be challenging to 2WD vehicles. High clearance 4WD is recommended. There are multiple concrete pads on the claim, a remnant of the old mining operations in the early 1920s. These are excellent for staging and parking of vehicles and or equipment.
The New Standard is a large mining site and is suitable for a small to mid-sized mining operation. The underground workings will need rehabilitation, which is a simple task and can be addressed by the owner or a contracted mining development company.
A report from 1965 states that the gold was found in waste dumps at the New Standard and Little Golden prospect areas. These mines and regions are both contained on the New Standard Mine Claims.
Gold, Silver, Copper
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