Flag Mining Claim
Largest producing mine in the Maynard Mining District with over $3 million in documented reserves.
Summary
The Flag mineral property has also been interchangeably called the American Flag Mine throughout the mine’s history. The Flag mine was the most productive gold and silver producer in the Maynard Mining District.
Originally discovered in 1872 and worked until the 1930s. During this time the mine produced $2,500,000 of silver and gold. In the 1980s the mine was core drilled when the owner of the property offered the mine up for lease. A Canadian company did take the lease option in 1985 of the Flag mine and began raising money to begin mining the Flag again.
Efforts to re-open were not realized when the pricing of gold and silver remained near record lows in the 1980s and early 1990s.
According to historical records and mapping, the mine has over 2000 feet of drifts on 5 different levels and is 250 feet in vertical distance. There are 2 large waste dumps on the claim at the upper portals. A small mill was on site at one point in time which left about 300 tons of tailings.
When the claim was up for lease in the 1980s, drilling was completed in the stopes and it was determined that there are 19,540 tons of reserves. The samples taken at this time averaged 0.043 OPT Au and 9 OPT Ag. Based on this data the Reserves in the mine alone are worth $3,688,175.00 as of April 2019.
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