GRE, Inc.
Peerless Jennie Mineral Property

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This is a patented property and is being marketed by GRE, Inc®

Peerless Jennie Mineral Property

$325,000.00

Rimini Mining District

Lewis and Clark County, MT

Near Rimini , MT

Property Overview


The Peerless Jennie is a documented million dollar mine at the head of 10-mile Creek. The property has excellent, county-maintained road access. There is some seasonal water from small creeks and documented subsurface water. Heavy, old growth timber is abundant on the site.

The property is buildable for residence. There are other high-end residences in the area averaging $940,000.00 for a pole barn construction on 90 acres. Construction is active on many properties in the general vicinity above the town of Rimini.

This is the historic Peerless Jennie mine property that operated from the 1920s into the 1930s when the price of silver dropped and mine was mothballed. It was never put back into production. 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. Blocked reserves of 50 tons of ore that assays at 900 ounces of silver per ton. Also 200 tons of ore that average 500 ounces of silver per ton. Surface dumps were valued at $12 per ton in 1926 with silver valued at 0.65 per ounce. 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.

There are dumps of at least 119k tons valued at 18 ounces of silver per ton on average.

The mine portals and shafts have all collapsed and are not accessible without excavation.

The Blackhawk Mine is also contained on the property. This is a small mine with a collapsed cabin. There is no history of the production of the Blackhawk mine, but it is thought to have also been mined for silver.

The Peerless Jennie Mine camp is still somewhat intact and contains a bunk house and a workshop, both in poor condition but still standing. Restoration or rebuilding of these buildings would likely not require permitting.

The property sits at just below the ridge of the mountain, on a north facing slope overlooking the entire valley and ranges below.

This is a huge, mountain property, perfect for building an on or off grid home or get-a-way. It also has high value for development of the reserves and dumps on the site.


Acres

Commodities

Type

20

Silver

Lode, Private/Patent

Underground Dev

Surface Dump

Tailings

N/A

N/A

N/A

Access

Features

Excellent road access

N/A

Gold Reserves

Silver Reserves

Copper Reserves

Platinum Reserves

Tungsten Reserves

Molybdenum Reserves

N/A

Undefined

N/A

N/A

N/A

N/A


Image Gallery


Map

Gold Rush Expeditions, Inc Peerless Jennie Mineral Property Map

Offered at $325,000.00


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