- THE CROWN JEWEL OF AMERICAN PLACER MINING
- Encompassing approximately 2,450 contiguous unpatented acres, High Bar represents one of the largest and most historically rich gold deposits currently available on the private market. This is a turn-key legacy asset where legend meets modern operational readiness
High Bar Gold Mine
Large, Turnkey U.S. Gold Mine For Sale
Property Details
| Location | Oregon, USA |
|---|---|
| Commodities | Gold, Silver |
| Deposit Type | Placer |
| Mining Phase | Production |
| Asking Price | $100,000,000 |
| Available Terms | For Sale |
| Listing Tier | Premium |
| Market Status | Listed |
Summary
Location and Access
Located in Baker County, Oregon, USA. 45 minutes from Baker City, Oregon and 2 3/4 hours from Boise, Idaho.
Description
- THE CROWN JEWEL OF AMERICAN PLACER MINING
- Encompassing approximately 2,450 contiguous unpatented acres of almost entirely virgin ground, High Bar represents one of the largest and most historically rich gold deposits currently available on the private market. This is a turn-key legacy asset where legend meets modern operational readiness.
- THE GOLD: UNRIVALED PURITY AND PROVENANCE
- High Bar is a surface-level placer gold deposit with zero overburden. The wealth begins at the surface. Historical assays and DOGAMI records reveal staggering concentrations: Documented areas producing 1 oz. of gold per 2.8 to 9.6 cubic yards. Modern Verification: 2014 testing successfully recovered approximately 1,000 ounces of gold from a 2.5-acre test site. Fine gold, coarse gold and specimen nuggets. Premium Purity: Refined composition testing at 87-88% pure gold and 12% silver. World-Class Specimens: Storied history of yielding magnificent nuggets up to14 ounces
- INFRASTRUCTURE: ABUNDANT WATER
- Historically, the single constraint to mining the High Bar plateau was water. That limitation has been removed. The drilling of two high-volume wells, in addition to water usage from the Burnt River has secured a robust supply.
- Technologically Advanced Plant: High recovery of fine and coarse gold.
- Two High-Volume Wells: Secured flow at approximately 240 GPM and 200 GPM.
- Approved Plan: 20-Year Plan of Operation spanning 217 acres.
- Accessibility: Seamless access to equipment and labor in Oregon's gold country.
- https://www.youtube.com/watch?v=MxE2ZTdFTHU
Geology
The High Bar gold mine is "a Pleistocene bench gravel capping Tertiary sediments. The gravels include lava, quartz, schist, and greenstone rock types in sizes ranging to large boulders to two feet or greater in diameter...Whether a lava bed exposed on the side of the hill or superimposed Tertiary lake beds, constitute the true base of these gravels, and at what depth, is yet to be established. The greatest established depth is 26' with gravel still in the hole. From a surface standpoint this bench covers almost all the acreage comprising these holdings."
~Oregon Dept. of Geology and Mineral Industries, "High Bar Placers of Pine Creek", April 22, 1946
Western Mining History regarding "High Bar and Pack Rat" Physiography:
General Physiographic Area: Intermontane Plateaus
Physiographic Province: Columbia Plateau
Physiographic Section: Blue Mountain Section
History
Many of the gold mining claims that were purchased and integrated into this sale are noted for their previous claims and production, including the famous Pine Creek area claims, United Mining and Metals, etc:
"Bruneau claims to have recovered course gold comparable to Johnny Wyant's Pine Creek Stuff all over the best portions of the bar, plus many fist sized hunks of quartz plastered full of gold like the 3 foot boulder McChord has that was picked up there 20-30 years ago. He claims to have gotten as high as 12.9 oz. per yard for some yards, which of course isn't altogether astonishing when one is dealing with slug gold, but what is the screwiest part of the whole deal is that Bruneau claims that his test yardage recovery average $3.60 per yard."*
~Mr. F.W. Libbey, Oregon State Department of Geology, Feb. 3, 1953
*the average price of gold in 1953 was $34.84 per oz., making the $3.60 value equivalent to $517 per yard (on average), recovered during testing using $5000 per oz. of gold.
Also: "These claims have been acquired by Mr. Wyant over a period of years beginning in 1900 and they have been worked regularly and successfully by him ever since. Excepting for a hydraulic set-up on the Bulldog group, operations have been on a small scale, handwork basis. An exceptional abundance of nuggets weighing from one half to one ounce are received regularly and two fourteen ounce nuggets together with several six and eight ounce ones have been found. One of these fourteen ounce nuggets is on display in the First National Bank in Baker, Oregon."
*Testing [on a portion of the High Bar mine] suggested 1 million yards that should average 1 oz of gold every 24 cubic yards and the 3' above and down to bedrock averaged 1 oz of gold every 4.8 cubic yards. (1946 Wyant Placers, page 6)
-gold averaged $24/ounce from 1900-1946
~State Department of Geology, "Wyant Placers of Pine Creek (Gold)", April 22, 1946
Photos
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