Arizona Gold Mine For Sale

The Greyhound Mine

Mine Details

Commodity: Gold
Location: Arizona, USA
Terms: For Sale
Price: Contact Vendor

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Proven & Probable Reserves of $5.4 Billion at $1,100 per ounce. Extensive untested structures and ore zones may dramatically increase reserves. Contains 11 unpatented lode mining claims on BLM land. Located in Yavapai County, Arizona near Black Canyon City approximately 50 miles north of Phoenix. Year around production.

This mineral property has been tested and reported on by professional geologists and mineral companies. It fully complies with US SEC Industry Guide 7 requirements for insertion into a US public company.

The Greyhound mine consists of 11 unpatented lode mining claims, located in Yavapai Country, Arizona near Black Canyon City, about 50 miles north of Phoenix. The site is on a combination of Bureau of Land Management lands and Arizona State lands where the federal government holds the mineral rights. The mineralized zone is long and narrow, covering about 2.5 miles. It is easily accessible with well maintained roads and a year around warm weather climate. There is an abundance of private land available for acquisition and construction of a mill and processing site, equipment and maintenance yard.

Greyhound has a good ore tenor averaging 0.104 ounces per ton. The average recoverable ore value is $88 per ton at $1,000 per ounce. Average mining costs are $10, milling costs $20, smelting and refining costs $3, environmental and reclamation costs $5, and contingency and other overhead costs $2. This leaves an average net profit of $48 per ton.

At 200 tons per hour, the operation should yield a net profit $76,800 per 8 hour shift at $1,000 per ounce. A double shift operation should yield a net profit of $153,600 per day. Running the double shift 24 days per month should yield a net profit of $3,686,400 per month. Assuming about 11 months of actual operation, the annual net profit should be $40,550,000. This could be doubled in the future with the construction of a second plant.

To expedite permitting, crushing, milling and smelting should be done offsite on a private property parcel to be leased or acquired. In essence, the mining permit will be to extract and haul ore.

The property is located in part on BLM land and in part on Arizona state land, with the mineral rights on the state land held by the federal government. The hybrid state land with federal mineral rights is the easiest of all public land to permit, and can be expedited. There are no anticipated impediments to permitting.

Ore Reserves:
Proven & Probable Reserves: US $5.4 Billion at $1,100 per ounce

Greyhound has been thoroughly tested by independent professional geologists, including a comprehensive drill test program showing substantial reserves. This drill testing resulted in ore reserve calculations of 32,063,167 tons of ore containing 4,941,123 ounces of gold with a value of $5.4 Billion at $1,100 per ounce. Additional reserves are estimated to be significant as there are many untested structures and there is no indication that the vein/shear zones are terminating close to the maximum drill hole depth from either a structural or mineralogical standpoint.

Cash Flow:
Annual net profit US $40.550 Million at 200 tons per hour.

The following technical document and reports are available for review:

2005 Jenkins Technical Summary & Report
1985 Zinkl Drill Test Program Report
1985 Zinkl Drill Test & Trenching Maps
1984 Zinkl Geology Report
1984 Geo-Processing, Inc. Geology Report
Various Assay Reports on Greyhound Ore

Other information available for review:

BLM LR2000 Database Report Verifying Ownership
2009 Independent Appraisal Report
Area and Site Maps