Montana Gold Placer Mine For Sale

Grasshopper Creek Placer Property

Mine Details

Commodity: Gold, Silver
Location: Montana, USA
Terms: For Sale
Price: $5 Million

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89.25 acres legally divided into 6 parcels located along Grasshopper Creek in the Historic Bannack Mining District, located in extreme Southwestern Montana.

-This property is one of the last (and mostly) un-mined parcels along Grasshopper Creek.
-Easy but private access
-All mineral and water rights included
-Gold Reserves estimated between 164.68M and 734.16M
-On average, Bannack gold assayed at 990 fine (99% pure) and in a few cases it went as high as 999 fine.
-Past mining and testing has shown that this property can host a successful mining operation and sufficient water is available to support a placer mining operation.

Grasshopper Creek in the Historic Bannack Mining District, Southwestern Montana.

Property/Claim is located in the historic Bannack district in Southwest Montana about 6 miles downstream from Bannack as a crow flies (a few miles more if you follow the stream). It is 5 miles from I-15 south of Dillon.

It is MOSTLY virgin with the exception of some very small scale mining and/or testing.

It is some of the finest gold on earth (one nine to three nines fine.)

There is also notable Silver, Palladium, Platinum, Copper, Lead, Zirconium, Iron, and Titanium on the property but mainly silver which is around 1-2 parts per 4 parts gold.

There is approximately 4-60 feet of overburden. A small portion of the claim extends to the hillside (south end of property) where the overburden is greater however MOST (90%) of the claim is not hillside & the overburden is on AVERAGE 6 feet deep throughout the claim. There is approx 15 feet of low grade sand/silt with small river rock, approx. 35 feet of cemented gravel, and approximately 9 feet of water table bar gravel (based off of reports)

Total depth to bedrock is estimated at around 50-60 feet. Testing has been done only to base of conglomerate. No one has ever been to bedrock on this property. Estimated reserves are based off of everything BUT the creekplain material.

Au bearing gravels begin at 6' below surface.

The low grade surface material consist of mainly sand/silt with small rock (24" in diameter OR smaller - beautiful river rock could be sold as decorative).

Below that is the calcium carbonate based conglomerate with occasional smaller river rocks (8" or smaller) but mostly pebbles/sands(magnetite) and some clay.

The creek plain material consists of sands/fine gravels.

No Large Boulders.

There are two types of deposits here - Late Pleistocene gold-bearing terrace deposits about 100' above creek level and recent gravel bars in creek beds. Both of these rock types are gold bearing.

Hillside alluvials - the source of the placer gold in this area is the gold lodes near Bannack though the exact source was never found. Sometime during the erosion of the gold lodes and deposition of the alluvial gravels and uplift event occurred which elevated the high "bars" and Grasshopper Creek began a down cutting event through the upper alluvial gravels. These high bars are found all along grasshopper creek. On this particular property this is not far from the creek (approx. 300 yards). It is recorded that small (one man) mining operations have pulled course nuggets within a few feet from the surface on the hillside.

Both the alluvial and Late-Pleistocene high terrace gravels have been worked and tested. Gold and other valuable minerals are found in both settings and reported to be measured at approximately 900 fine.

The property was worked on a very small scale during the 30’s.

It remained untouched during WW2 and saw no activity until the late 50's. A group prepared the area they intended to mine but never returned. The property was later worked on a very small scale by one of the miners from the previous group along with his new team. That miner didn't have exact record of how much gold was removed but he mentions seeing a 5 gallon bucket full of gold as a result from 1 month of work. The principal of that group left with the gold promising to return with the proceeds but never returned! The property was repossessed.

During the 70's and 80's there was minor testing performed totaling 4,000 yards resulting in approximately $12/yard this was in the UPPER gravels only. It was determined that the methods being used were only recovering half the amount of gold a good placer circuit would produce. No one had yet evaluated the hardpan material.

In 1991 a private mine consultant sampled the cemented material by blasting, excavating and assaying samples.

Based off of the results from those tests with estimations based on today’s values:

-400,000 cubic yards of upper gravels, estimated value of $11.50-$32.20 per cubic yard.

-250,000 cubic yards of center bar/conglomerate estimated value $92.00-$322 per cubic yard.

-1,250,000 cubic yards of center bar from below the water table estimated value $92.00-$460 per cubic yard.

-950,000 cubic yards from the creek plain (drill data) estimated value $23.00-$73.60 per cubic yard.

In 1995 a mining company proposed a 5,000 yard per day placer operation, including smelting and refining ore. They estimated the ore reserve of 6 million yards with a 12 year mine life and ores would average $20 per yard based on $350 per ounce. (Today’s market approximately $92 per yard).

The property has never been dredged. During the Bannack mining days the miners had dredged all the way up to the top of a Z-shaped canyon just upstream from this claim. They were unable to dredge through the canyon, so they went downstream of this property and began to work their way back up. Gold was discovered in Alder Gulch during this time so the efforts to reach this property were abandoned.

The current owners purchased it with the intention to mine it. They have realized they do not have sufficient financial backing or the expertise to take this project on and have decided to sell the property.

The current owners have familiarized themselves with the permitting process in Montana and have spoke with the DEQ a number of times regarding mining this claim. They are very familiar with it and foresee NO problem getting everything permitted and ready to go.

Serious inquiries only please.