This is a patented property and is being marketed by GRE, Inc®
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Property Overview
The Peerless Jennie is a documented multi-million dollar silver property with 227,000 ounces of silver documented on site, likely much, much more. The valuation of the silver alone, at $20 per ounce is $4.5M.
There is excellent access via county roads from spring to fall. Winter will require that you bring your own plow.
There is thick, salable timber covering the property. There are seasonal creeks on the property as well. The remains of the primary Peerless Mining Camp is still standing and could be repaired and utilized with no permitting required.
The Peerless Jennie Mine is/was the largest mine in the Rimini District, producing over one million ounces of silver and seven hundred ounces of gold.
The property operated from early 1920 until the mid 1930s when the property was mothballed due to restrictions on mining of precious metals. The mine has not operated since the 1930s although it did have a watchman and miner on site until 1980. Lawrence W. Gillespie held the property from the late 1950s until he passed in 1982. His ashes and grave are on the property.
Kristine K. Wise of the USGS reported in 1981 that the mine was at least 180’ deep and had over 390’ of subsurface drifting and development. Workings noted as a shaft, crosscut and a raise. Also, a flooded raise below the cross-cut north of the vein.
The property sits below the ridgeline of the range and provides stunning views over the mountain valleys and Rimini. There is no room for any one to obstruct your views.
Suggested development would include an off-grid home, digging out the old mine and using it as a wine cellar.
Water is available on site and could be pumped out of the mine for use.
This is a rare opportunity to own not only a valuable and beautiful property, but also a substantial block of precious metals on a significant Silver mine.
The Peerless Jennie Property is a 26.53 acre patent property. 100% of interest in surface and minerals will be transferred.
Gold Rush Expeditions, Inc. does offer mining consultation services and assistance with permits for a small fee.
Training courses for underground work and exploration can be found here: https://stayoutstayalive.com/training/
The Peerless Jennie is a documented multi-million dollar silver property with 227,000 ounces of silver documented on site, likely much, much more. The valuation of the silver alone, at $20 per ounce is $4.5M.
There is excellent access via county roads from spring to fall. Winter will require that you bring your own plow.
There is thick, salable timber covering the property. There are seasonal creeks on the property as well. The remains of the primary Peerless Mining Camp is still standing and could be repaired and utilized with no permitting required.
The Peerless Jennie Mine is/was the largest mine in the Rimini District, producing over one million ounces of silver and seven hundred ounces of gold.
The property operated from early 1920 until the mid 1930s when the property was mothballed due to restrictions on mining of precious metals. The mine has not operated since the 1930s although it did have a watchman and miner on site until 1980. Lawrence W. Gillespie held the property from the late 1950s until he passed in 1982. His ashes and grave are on the property.
Kristine K. Wise of the USGS reported in 1981 that the mine was at least 180’ deep and had over 390’ of subsurface drifting and development. Workings noted as a shaft, crosscut and a raise. Also, a flooded raise below the cross-cut north of the vein.
The property sits below the ridgeline of the range and provides stunning views over the mountain valleys and Rimini. There is no room for any one to obstruct your views.
Suggested development would include an off-grid home, digging out the old mine and using it as a wine cellar.
Water is available on site and could be pumped out of the mine for use.
This is a rare opportunity to own not only a valuable and beautiful property, but also a substantial block of precious metals on a significant Silver mine.
The Peerless Jennie Property is a 26.53 acre patent property. 100% of interest in surface and minerals will be transferred.
Gold Rush Expeditions, Inc. does offer mining consultation services and assistance with permits for a small fee.
Training courses for underground work and exploration can be found here: https://stayoutstayalive.com.training/
Acres
Commodities
Type
26
Silver
Lode, Private/Patent
Underground Dev
Surface Dump
Tailings
N/A
N/A
N/A
Access
Features
Excellent road access
Private, Patented with buildings and remnants of two mines. Multiple foundations and thousands of tons of high grade dumps. Blocked reserves defined
Gold Reserves
Silver Reserves
Copper Reserves
Platinum Reserves
Tungsten Reserves
Molybdenum Reserves
N/A
Undefined
N/A
N/A
N/A
N/A
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