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Monarch Rand Mineral Property

20 Acre California Lode Claim For Sale

Location: California, USA
Commodities: Gold
Available Terms: For Sale
Price: $10,000
SOLD

Summary

The Monarch-Rand Gold mining claim has been historically mined for gold from 1890 to 1964 according to most accounts. The property sits on the western edge of the Gravel Hills in the remote California Desert. The area is devoid of any local services or resources and is generally unused except by off road enthusiasts. The Monarch Rand has a spotty history from its inception to present day. The mine has been noted for a large gold vein which is chased by the drift works. This vein is noted to be 3 ½ feet wide and carrying gold values of over 2 ounces per ton ($48.00 per ton with Gold priced at $20.75 per ounce). The Main shaft is noted to be an estimated 700’ in depth, which may have been greatly expanded. In 1925 there were stations at 118’, 168’ and 218’. 100 tons of ore (not muck) have been removed from the workings. From 1925 to present, the site was improved with a Crusher operation, a blacksmith shop, a boarding house for miners, and a cyanide leaching operation. It is not assumed that the mine has operated past 1964 which is the last documented shipping of ores from the district. In 2008 a report was made that a local off roader “almost” drove their jeep into the main shaft. This prompted the State of California to erect a gating system over the shaft. The shaft was left intact but is secured by a heavy steel grating system. Some of the waste dumps were moved in this process but are still on the claim. The mining claim has excellent potential for development as a small to mid-sized mining operation, however it will require significant efforts and bonding due to its location in California, a state that is infamously unfriendly to mining operations. However, the state is very amiable to cash income, which would be brought in bulk if the mine was able to be properly developed. The mining claim is priced with all variables and challenges taken into consideration. Were the property located in Nevada or Arizona, states much friendlier to mining, the property would be priced closer to $100k instead of the current $10k.
Property Sold

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