Description

This rich historic gold and silver mine in Colorado consists of 620 acres with 2 patented mine claims and 30 unpatented claims. The property has an ample supply of water for mining. The mine was last operational from 1914 through 1938. During that era, mining was done largely by hand and transportation by donkey. The average of 150 samples from inside the mine and mine dumps showed gold density at 0.55 ounces per ton and silver at 2 ounces per ton. A professional mining firm surveyed this property in the 1970s and estimated inferred reserves totals of 868,000 ounces of gold and 1,000,000 ounces of silver. Mining these reserves could produce $1.5B over the estimated 20 year mine life and $50,000,000 per year EBITDA. An existing nearby mill will accommodate all of the ore produced by this mine. Seller has an end buyer to offtake all the gold and silver concentrates the mine can produce.

Posted Jan 1, 2013

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