This Turnkey placer gold and silver mine located in northwest Colorado and consists of 280 acres of bench placer ground. It is primarily composed of quartz sand eroded (along with the gold and heavy minerals) from the sandstones of the Eocene Wasatch Formation. The property is surveyed and 14 acres are presently permitted. Within the permitted boundary and from the surface to a depth of 10 feet, the company has established a probable and possible resource of 202,354 tons of ore averaging between .015 and 0.32 ounces per ton in gold values.
Gross values on the low side using a $1,250 as the gold value would be $3,794,000 in the permitted area and the potential for the permitted area could be as much as $5 million - $6 million. Outside the permitted area is another 260 acres that has been minimally sampled and appears to have at least as much reserves as within the permitted boundary.
This property also contains rare earth oxides in the black sands. Monazite measured 43% in the non- magnetic portion and the neodymium was 40,000 parts per million.
This fully permitted, turnkey, gold mine and comes complete with the following equipment.
This is a fully permitted turnkey placer gold and silver mine that comes with all the equipment required to operate the mine. The equipment is in excellent condition. The current experienced mining crew is available for the next mining season. The owner will help with all transition requirements. The Company is motivated to sell and will consider all offers.-
If you would like more information
please email us
and ask about the
Turnkey Colorado Placer Mine #L2030
fax 208 265 5377
note: this Gemini table has been and owners have reduced the asking price accordingly so that you can buy a new one which costs about $25k plus $1500 shipping.