CA Motherlode Area, Extensively Drilled w/ Resource Established

Rich Gulch Gold Mining Property

Mine Details

Commodity: Gold
Location: California, USA
Terms: For Sale, Lease Purchase Option, Negotiable
Price: $175,000

Contact Seller

Summary:

3.6 million ton reserve at .07 oz/ton gold. Owner will be working in Asia later this year and is offering easy terms for a quick sale.

Location and Access:

The Rich Gulch claims are located in Plumas County, CA. Accessible by a well maintained road. Less than one mile from a rail line.

Description:

This property totals 222 acres of unpatented lode mining claims. Beginning in the 1980s millions of dollars has been spent on geological, metallurgical, economic analyses, and environmental studies. Together with the adjacent patented claims over 75,000 feet of drilling was performed. This work established a resource of 3.6 million tons graded at .07 oz/ton.

There are several different mining options including underground mining of the richer sections of the ore body and transporting the remaining ore to Nevada via rail for heap leaching.

I will be relocating to Asia later this year so I am offering a very good price and terms for this project. I can offer a purchase price of $175,000 made in installments of $25,000/six months with a retained 2% nsr.

I will be glad to provide more information and data on the geology and exploration results on request.

Photos:

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