The Goldstone Property is, as indicated by the name, a Gold Mine which has historically produced significant quantities of gold, silver and lead. The Goldstone Property comprises 5 lode mining claims for a total of 100 contiguous acres. The mine is located at roughly 9000’ of elevation, about 1 mile west of the Montana/Idaho state border and the Continental Divide.
Location and Access:
Located near Dillon, MT. Accessible with high clearance 4WD only, from Montana side of mtn. Access limited to summer/fall months.
The mine boasts a well-documented reserve of 30,000 tons of blocked reserves. This mapped and estimated by Mining Geologist Arthur Lakes and Victoria Campbell in 1997 . With a conservative valuation average of .35 oz/Ton in Gold, these reserves are worth $17,325,000.00 with a gold price of $1650 per ounce (04/2020). There is no accounting in this figure for Silver, Lead or Copper which will also bring a substantial profit.
Estimated initial development costs are targeted at $300,000 inclusively. There is no accounting for any further development, ore bodies or profits over the noted reserves.
The reserves have not been worked or developed in any manner since Mr. Arthurs report. A massive drift, known as the Mottman Tunnel was financed by the Goldstone Mines Corp and completed in or around 1950. This working allowed access to the ore bodies, but poor luck, timing and a slow market for metals had the mine mothballed by 1954.
The mine offers an excellent opportunity for development at a very promising profit margin. There are existing roads and access to the mine from the Montana side of the divide. The Paradine Mill is less than 100 miles from the Goldstone Mine and can provide all necessary processing for the ores. The property is being offered at .01% of estimated value of the blocked reserves.
The Goldstone property is set on a high mountain ridgeline, just off of the Continental Divide. The claims are accessible only by roads on the Montana side of the border, starting near Dillon, Montana.
The terrain is very rough on the ascent over Goldstone Pass, but the roads are intact and usable by high clearance 4wd or UTV.
The mine has not operated since 1956 as well as can be determined. The portals were reported by locals to have been blasted in 1956 when the mine was mothballed while capital for development was raised. The only portal left open to the underground workings was the Mottman Tunnel, a 2400’ drift which intercepted the “Mottman” gold vein and the Goldstone vein. This portal had a watchman and cabin placed at the entrance from 1956 to 1991. The portal was reported to be locked and in good condition at that time by local rancher Andrews, who owns a ranch at the base of Pratt Creek.
In 1994 the Mottman tunnel was addressed as an “abandoned” mine. There was significant reclamation executed in 2008-2010 to mitigate the tailings from the mill. It is unknown if the Mottman Tunnel Portal was compromised at this time. Regardless, a Notice of Operation will be required to open and sample the workings.
Surveyors were able to locate the number 5 level, and the Hope and Climax Shafts in 2014, A caretaker was put in place from 2014-2016 to monitor and safeguard the property from any further damage. In 2016 the caretaker left the site and has not been in contact with Gold Rush Expeditions, Inc. since his departure.
Contact vendor for a GRMP-43 report that details the geology of the Goldstone mineral property.
Contact vendor for a GRMP-43 report that details the history of the Goldstone mineral property.
This property in available for inhouse financing. Contact vendor for more information.