GRE, Inc.
New Standard Mineral Property

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New Standard Mineral Property

$38,356,483.60

Cienega Mining District

La Paz County, AZ

Near Parker, AZ

Property Overview


The New Standard mining property consists of six (6) Lode Mining Claims which cover 120 contiguous acres. The claims are positioned to cover “Dome City #1 and 2”, Domes 3 and 4 and all inferred and blocked reserve materials. Some additional claims cover the “mineralized zone” as documented and drawn out in historic operations. The property is located in the New Standard sub-district of the Pride Mining District, which is also a sub-district of the Cienega Mining District in La Paz County, Arizona.

The New Standard is centered over a massive, well documented mass of copper. Known as a porphyry deposit, the copper body on the property is estimated at 30-40 million tons of high-grade ore. The carbonite level has been intercepted and generalized in respect to the size and scope. There is said to be a sulfide level of the copper deposit that will be much higher grade as the minerals have been pushed into the sulphide zone from eons of water and erosion.

The relevant take away from this information is that this property, with a 1000 ton per day mill running round the clock, could operate for 195 years before depleting the ore body. That scenario would assume that with development there were no other deposits found.

The mine produces copper at an average of 250 lbs copper per ton with minimal gold and silver as well. The gold and silver output would be a small fraction of the profits from the copper but are still worthy of note. The mines in the direct vicinity of the New Standard produce copper and native gold in high grade pockets. Also of note is the Planet Copper Mine which is just north of the New Standard. The Planet Copper Mine produced copper ore at 15-40% and ran, very profitably, from 1864-1917. The mines are also known for copper deposits in the form of azurite and malachite. There are also reports from the area 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 contains two distinct deposits, the “Mineral Zone” and “Dome City #1 and #2”, these are both dome type extrusions and are clearly defined on the ground and via overhead views. The apex of the deposits are covered completely by the existing claims. There is room for expansion in the current state.
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 135’ in vertical depth and substantial drifting on 4 levels.
The old mill contains a few thousand 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 mid to large-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. Development of the property will likely include cutting the deposit into a large pit mine operation.

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.


Acres

Commodities

Type

120

Gold, Silver, Copper

Lode

Underground Dev

Surface Dump

Tailings

4,000 feet

60,060 tons

2,500 tons

Access

Features

2WD Vehicle

Foundations

Gold Reserves

Silver Reserves

Copper Reserves

Platinum Reserves

Tungsten Reserves

Molybdenum Reserves

1,520,000 oz

42,560,000 oz

8,147,200,000 lbs

N/A

N/A

N/A


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Map

Gold Rush Expeditions, Inc New Standard Mineral Property Map

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