Midwest Mineral Property
Colorado Gold Mine For Sale
Summary
The Midwest Mineral Property is located in Mineral County Colorado in the Creede Mining District. The property consists of four contiguous lode mining claims, staked, and mapped to provide maximum coverage of the relevant locatable deposits in the area.
The Midwest Property is reported to have been discovered in 1899 on an outcrop of gold bearing chalcopyrite. No real development was executed until 1910, and the mine operated from that date until 2003.
The Midwest as it currently sits is the third incarnation of the property. The drift entrance is at 10,250’ of elevation. This is actually the lower entrance. The original drift being the Colewood Tunnel which is roughly 10,450’ and a few hundred feet north. The Colewood tunnel is largely unmapped but is reported to have a winze at 60’ that drops into the current workings of the Midwest.
There is also another collapsed drift behind the air/electric building. This portal suffered from a lot of slough and loose dirt. It was replaced by the current drift in 1953 or 1956.
The mine was worked for high grade silver, with reported values from 11oz/T to 60oz/T. In the mid-1960s, gold was discovered at a crosscut 1000’ into the drifting. This crosscut was driven 1000’ and showed enough value that Colorado Fuel and Oil (CF&I) and Homestake Mining purchased shares in the operation and invested many thousands of dollars into the renovation and development
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