The World's #1 Mining Property Marketplace

Established 2009 — Connecting Buyers and Sellers Worldwide

This Property Has Been Sold

Congratulations to the buyer and seller! Looking to sell your mining property? List with us today.

Browse Available Listings

American Flag Mining Claim

Arizona Gold-Silver-Zinc Mine For Sale

Location: Arizona, USA
Commodities: Gold, Silver, Zinc
Available Terms: For Sale
Price: $48,500
SOLD

Summary

The American Flag mine was discovered in 1874 by W. M. Shoulters, who is said to have sold it, after working it a short time, to John Pemberthy, William Richard, John Corin, and Joe Prisk for $25,000. These men developed it principally by adit drifts. The water level is said to lie at about 700 feet below the surface. The mine is now owned by a company of which John Pemberthy and H. H. Watkins, of Kingman, are members. The country rock is granite. The main vein is from 1 to 4 feet in width, and the ore shoot is said to be relatively large. The ore contains principally antimonial silver, some gold, and a little zinc. Much of it is rich. The production is reported to be about $400,000, sold from the mine, in ore that averaged more than $100 a ton ($100 in 1909 adjusted for inflation equals $2,517). For 21 tons of the ore from the lower part of the mine shipped to Swansea, Wales, a net return of $11,500 is said to have been received.
Property Sold

Looking for Similar Properties?

Browse our marketplace for active mining properties in similar locations or with similar commodities.

Browse All Listings