20 Acre Colorado Lode Claim

Storm Mining Claim

Mine Details

Commodity: Gold, Silver
Location: Colorado, USA
Terms: For Sale
Price: $19,800

Contact Seller

Seller Website

Summary:

The Storm Gold Mining Property is located in in the southern end of the Red Mountain Mining District. The mine consists of a series of adits and small prospects cut on an assumed trend of outcrops indicating gold mineralization. The primary portal has been closed by the Colorado Division of Reclamation (date unknown) and the actual depth and details of the workings are currently not known.

Location and Access:

Located just 10 miles outside of Silverton, Colorado on a high clearance 4WD road.

Description:

The primary portal has a waste dump size of an estimated 25k tons. This material shows quartz, iron and gold and returns assay values of .6 oz/T. There are two other iron and quartz outcrops which appear to have been lightly prospected but not developed. There were no samples taken from these prospects.

Northeast of the main portal there is a small adit, known as the upper adit. This adit is roughly 30’ in depth and is chasing iron/quartz/gold deposits. There is some good gold ore visible in small stringers inside the adit. A very old mining road connects the upper and primary adits on the claim.

The mine is positioned at roughly 11,600’ in the upper basin of Grey Copper Gulch. The Vernon Mine, a noted gold producer, is located less than ¾ mile north of the Storm.

The primary output of the Storm Mine is and was gold. The mine was never largely developed due to the logistics, climate conditions and values of gold when the district was being developed. Silver deposits which returned $100-150 per ton in silver were common, so gold deposits, even high value deposits of a few ounces per ton, were still overshadowed by silver deposits. Add to this that mills and processing facilities in the region were set up to process silver and not gold.

With this information in mind it is obvious why gold mines were never largely developed until the latter half of the 20th century.

The Storm Mine is a high value gold mining claim that is projected to return approximately $75k per year in profit after costs

Geology:

Contact Gold Rush Expeditions, Inc. for a GRMP-43 report that details the geology of the Storm Mining Claim

History:

Contact Gold Rush Expeditions, Inc. for a GRMP-43 report that details the history of the Storm Mining Claim

Additional Information:

Contact Gold Rush Expeditions, Inc. for more information or with any questions.

Photos:

For More Information Please Use The Form Below: