Silver King Mineral Property

A Gold Rush Expeditions Inc. Mining Claim Property

Federally Registered Mining Claim ID : UMC425498

20 Acre Lode Claim –  Gold Mountain Mining District – Piute County, Utah

Inventory Reduction Sale Price:$2,500.00

(Price Valid Until 9/28/2018)

The Silver King Mine is a documented producing gold property in the Gold Mountain district above the mining town of Marysvale. The mine is reported to have been claimed in 1894 nad worked until 1932 when the mine owner died. The mine was taken over by the Kimberly Mines just over the hill and has not been worked since.

There is a series of portals on the property, the upper portal is estimated to be 1000’ in length , the lower portal is estimated to be 1000’ or more and the drifts are said to be connected by winzes and cross cut drifts in the workings.

The mines were worked for gold alone and the ores were crushed by arrastra thus confirming the presence and of native (free-milling) gold in the ores.

This claim is part of the inventory reduction sale, valid only until September 28th, 2018. These properties are discounted because they do not have a full GRMP-43 reporting. They may not have had an entire on the ground survey completed and/or have not been fully documented.

If these properties do not sale during the inventory reduction sale, they will be taken off the market and Gold Rush Expeditions will complete the GRMP-43’s and resurvey of the properties. The properties will then be offered at another date at a substantially higher price,

Mine Quick Facts
AccessEasy 2WD Access
Nearest City with Amenities8 miles to Marysvale, UT
CommoditiesGold
Total WorkingsDocumented minimum 1000′
Acres20 Acres
Claim TypeLode
Price$2,500.00
ResourcesNone
TailingsNone. No mill on site.
Waste DumpLarge dumps, somewhat obscured. Est. 40k tons.
Mine DevelopmentSeries of adits working gold veins up the gulch. Only one adit open and needs clearing.

From NBMG Reports:

The Gold Mountain mining district lies on the northeast flank of the Tushar Mountains, in northern Piute County of southwestern Utah. The mineralization in the Gold Mountain district was not discovered until prominent gold-bearing veins were located between elevations of 8000 and 10,600 feet in 1888 and the district was organized in 1889. Due to the rugged terrain, the mines are primarily accessed by a series of adits. District production is estimated at about 555,000 tons yielding 157,000 ounces of gold and 521,000 ounces of silver.

The Gold Mountain district is localized around the Kimberly quartz monzonite plug (about 24 Ma) that intrudes the coeval Oligocene-Miocene Bullion Canyon Group volcanic rocks just north of the Mount Belknap caldera. The Kimberly quartz monzonite is a medium-grained and equigranular to strongly porphyritic plug covering approximately 3 square miles. All of the rocks in the area are part of the Marysvale volcanic field.

All properties that are part of the Inventory Reduction sale will be sold for $2,500.00 (Two thousand five hundred dollars and no cents) plus $349.00 (Thre hundred forty-nine dollars and no cents)(per claim) documentation fees, regardless of previous valuations.

Properties have had annual assessments paid for the 2019 year and no assessments are due until the 2020 assessment year.

A deposit of $1,000.00 (One thousand dollars and no cents) may be paid via credit card to hold the property for up to 7 (seven) days.  Buyer may also make depsoit via check, cash or wire transfer.

Property will not be considered sold until payment has been received in full.

With $1,000.00 (One thousand dollars and no cents) deposit, an invoice for the remaining balance due will be sent via email. The remaining balance will be due within 7 days from deposit being made. The remaining balance due may be paid via wire transfer, cash, check or cashiers check. Credit cards will only be accepted for the initial deposit.

If remaining balance is not received within 7 days, deposit will be considered forfeit. There are no refunds.

Once full payment has been received, a quit claim deed transfering the claims from Gold Rush Expeditions to the new owner will be completed, recorded and filed as required by law. Upon return of the recorded documents, Gold Rush Expeditions will send the new owner copies of recorded files.