The Destiny pit mine in Fairplay, Colorado is located just ½ mile from Todd Hoffman and Freddy Dodge’s large placer mine in Fairplay, Colorado. That’s the current location of the show ‘GOLD RUSH’. Freddy and Todd have talked to the owners and given them lots of valuable advice on a regular basis, and both have mentioned that the land the Destiny mine is on has 3x+ better gold than they have!
This mine offers 80 acres of instant pay dirt ready to run! There is zero overburden to strip as it is 100% virgin ground! They have all the drill tests from Ben Parker of the Colorado School of Mines from the 1960’s.
The drill tests show bedrock in most areas at 110’ deep. All indicators are showing the water table to be around 85’ deep. That means there is 85’ of high quality runable dirt! That’s 32,649,880 cubic yards of pay dirt! We averaged $31/yard on our 1000 yard test run from 12 different spots on the claim. All holes were consistent and the gold got better the deeper they got. That means there is about $653 million worth of gold in the ground if the average they pulled out was a very conservative $20/yard. If the numbers continued to stay at $31/yard there is $1.012 billion dollars in gold in the ground.
The mine is permitted to remove aggregate as well as gold! The aggregate around Fairplay consists of sand, pea gravel, and various sizes of river rock. There are lots of boulders as well from 12” in diameter to over 48” in diameter. The sand, river rock, and pea gravel has a very high demand as Denver is running out of materials for building, and concrete. They have a trucking company lined up to haul all of the aggregate material they can possibly ship out.
They can get $15+ per ton of the smaller aggregate and have a company lined up to buy all of our boulders at $100/ton. At the very minimum the aggregate provides an extra $15/ton of added income. That’s about 19.5 million cubic yards of aggregate that can be removed while still leaving enough dirt for reclamation. This comes out to about $395 million dollars in aggregate sales. With the gold and the aggregate sales this mine could yield approximately $1,000,000,000 over the life of the mine.
The owners are asking $8 million for the entire mine and the equipment or seeking $80k-$480k in equity partnership at 1% per $80k, or seeking a 5 year loan of $80-$480k @ 20% annual interest. Terms are negoiable.These numbers will increase substantially once the mine is ran next year on a bigger scale.
If you would like more information
please email us
and ask about the
Destiny Pit Mine #L2085
fax 208 265 5377
All permits are in place and wells are being drilled over the winter. The owners plan on paving the road and installing a large scale to facilitate the sale of aggregate. The current assets on the mine are as follows: