GRE, Inc.
Silver Dollar Mineral Property

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Silver Dollar Mineral Property

$27,849.00

Burro Mountains Mining District

Grant County, NM

Near Silver City, NM

Property Overview


The Silver Dollar mine is a historic Gold and Silver Mine that dates back to 1894-1895. The mines have been worked over the years on a small scale. The largest developments in 1900 when a double battery stamp and gravity mill was installed and again in 1939 when a leach type mill was established at the site. The Mine was again worked in the 1950’s and 1960’s and produced a “good living” for the owners (oral communications). There was never any production officially reported from the mine, which only indicates that the owners kept recoveries private. It’s inconceivable to build mills and process on site if there is no recovery.
The Silver Dollar Mine resides in the western Burro Mountains and is located in what is locally known as the “Golden Halo”. The Golden Halo is an area of mineralization emanating in a circular pattern from the massive Tyrone Copper Mine. The Tyrone, while a documented copper mine, is no slouch in the gold department boasting over 1,000,000 ounces of gold produced up to 1986.
The Silver Dollar has limited history and it’s spotty at that. The mine is reached by a branch road that breaks off from a small offshoot road. The mine is a reported 160’ in depth with various cross cut drifts. Based on waste dumps and remaining tailings, surveyors estimate there are roughly 1500’ of total workings.
The mine resides in a general gold trend that has had pockets of gold developed with values of over 100 ounces/Ton in Gold. (Osmer, Foster).
The mine has a secure gating system in place. A double compartment shaft that is in excellent condition. Ladders and rail system are in place and appear in good repair. A headframe stands above the shaft and is stable and usable with minimal stabilization.
The road to the mine is in good condition with exception of an off camber, steep wash out that is 6’ deep and 5-6’ wide. A bridge will need to be built or some excavating required to drive vehicles to the mine entrance. This is common for the region and large storms will wreak havoc on desert roads and passages.
The mine is a hidden gem just outside of Silver City, which affords all necessary implements for mining and also accommodations, food and other supplies.


Acres

Commodities

Type

20

Gold, Silver

Lode

Underground Dev

Surface Dump

Tailings

1,500 feet

75,000 tons

90,000 tons

Access

Features

Good 4WD

Headframe, Hoist House, Foundations

Gold Reserves

Silver Reserves

Copper Reserves

Platinum Reserves

Tungsten Reserves

Molybdenum Reserves

Undefined

Undefined

N/A

N/A

N/A

N/A


Image Gallery


Map

Gold Rush Expeditions, Inc Silver Dollar Mineral Property Map

Video


Offered at $27,849.00


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