Located 12 miles outside of Gunnison Colorado, off a high clearance 4WD road.

It is estimated that the last mining operations were undertaken in the early 1970s and those were very rudimentary. Local historical sources stated that the underground workings were closed by the miners with the advent of the War Act and were never re-opened. They also confirmed that gold has been taken from the region in the form of placer gold in small nuggets and grains. The property is remote and there is limited access into the canyon via Colorado County Road 859. This road is not passable except by snowmobile in the winter months. The cabin will need light rehab and cleaning but is solid and structurally sound. There is electrical lines run and a small generator could be plugged into the system for full lighting and electrical. The cabin appears to be somewhat kept up by hunters or local outdoor enthusiasts. The roof has been reinforced and is not leaking. The value in this being that one could stay on the claim and work through the season in relative comfort. Being on site it would be possible to bring equipment to work the claim and monitor same. The mineral value on the claim is gold. Light panning in the creek behind the cabin produced small grains of gold. An average small operation could reasonably expect to extract 1-1.5 oz per day if processing 1 ton per day. The region is also known for its gold production, though the larger, well-known gold mines are located much farther north. The adits on the property show quartz and limonite in the dumps. There is track coming out of the larger, lower adit, indicating that the two adits likely intersect underground and the larger adit was used for haulage. High-grade grab samples from the waste dump returned assays just under 1 oz. AU per ton. The Creek has been lightly modified for placer operations and there are a few pools and small dams. There is abundant material in the slow-moving water, but working down to the river rock, the material gives way to black sands, gold in small grains and some shiny quartz bits. With proper permitting, one could operate, with very little interference, a productive placer wash plant. With this income, the adits could be re-opened and assessed. It is likely that the workings of the mines will prove far more valuable and lucrative than the placer workings.

Contact Vendor for a GRMP-43 Technical Report detailing the geology of the Paymaster Mineral Claim

Contact Vendor for a GRMP-43 Technical Report detailing the history of the Paymaster Mineral Claim

Contact Jason for more information or with questions.