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Roadside

20 Acre Arizona Lode Mining Claim For Sale

Location: Arizona, USA
Commodities: Copper, Gold, Silver
Available Terms: For Sale
Price: Contact Vendor
NOT AVAILABLE

Summary

The Roadside Mining Property is a 20-acre lode claim exploring a series of horizontal epithermal gold deposits in the Union Pass Mining District of Mohave County, Arizona. The mine is an excellent stand-alone property as the deposits are relegated to a very small area. The mines have been held by various corporations and JV partnerships as late as 1996. This is a commercial property and will not be able to be operated without significant investment and permitting. A full-scale drilling and sampling operation was undertaken at the mine in 1990 which stated there was at least 450,000 tons of reserves at .03 ounces per ton with the majority of the site unsampled. The value of these reserves today is $16.2 Million and there are other deposits and higher values mapped and defined on the property. The USGS reports that there are 136,000 MT of ore on the property which assay at .84 oz/T for a value (AU@$1200.00oz/T) of $137,088,000.00 The site has been known as the Motherlode, The Arizona, The Arizona Rand, the Katherine Extension and many other names. The property has produced gold in substantial quantities in the past but has not operated on a commercial scale since prior to 1940.
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