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Elko County Gold Mine For Sale. 59,786 ounces – $380,000

Buy land. Acquire mineral rights. Tested and assayed. Motivated seller. Terms.

Mine Details

Location: Nevada, USA
Commodities: Gold
Available Terms: For Lease, For Sale, Joint Venture, Negotiable
Price: $380,000. Terms.
Contact Seller

Summary

Small exploratory mining properties like this are cash-valued between $60/oz and $80/oz. In a recent sale, (https://elkodaily.com/mining/company-planning-to-develop-new-elko-county-mine/article_e2043a42-eb77-11ec-bafc-ffc250c92d3f.html), the sale was made for $64/oz of proven/probable reserves.

Location and Access

Forty acres deeded rich mineral property called Elko40 located in the heart of mining district of Elko County, Nevada. Mining friendly state that is the fourth largest gold producer in the world. APN 007-34i-005, Township 37 North, Range 59 East, Section 29, NW ¼, SW.

Description

Former United Nation Engineer's assayed gold results of Nov 7, 1979, using Atomic Absorption Spectroscopy indicated 9.5 g/t or .305 oz/t. Estimated proven and probable reserves 119,572 ounces of gold

Additional Information

-Fifty percent of the minerals belong to the property owner. The remaining 50% of the mineral rights belong to the US Government.
-So, 50% of the 119,572 total gold reserves equal 59,786 ounces.
-Using $64/oz cash market value, this land with 50% mineral rights is valued at
$3,826,304.
Asking $380,000.

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