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Tuscarora Mineral Property

80 Acre Lode Mining Claim For Sale

Location: Nevada, USA
Commodities: Gold, Iron, Lead, Silver
Available Terms: For Sale
Price: $225,000
SOLD

Summary

The Tuscarora Mines, also known as the Tuscarora Mineral Claims consists of a contiguous grouping of four (4), twenty (20) acre Lode Mining Claims. A total of eighty (80) acres covering the primary historical gold deposits located on public land in the Tuscarora District. The Tuscarora Gold Property was surveyed by Gold Rush Expeditions, Inc. in 2017. Prior to this, the property had been owned by several mining groups with the intent to develop. Unfortunately, due to previous unfriendly mining initiatives these groups were unable to locate adequate funding for their development. Gold Rush Expeditions, Inc. was able to survey, stake and record legal mining claims on the high value areas of the region. The property is made up of four (4) adjacent twenty (20) acre lode claims. A combined total of eighty (80) acres. Research shows substantial gold recovery has occurred in the area. Further investigations, backed by various geologists, mineral surveyors and other qualified persons showed there are substantial gold values and reserves to be extracted and developed. The Tuscarora Claims are well documented for gold and silver production near the turn of the 20th Century. Gold and silver were recovered in various quantities; much recovery was dependent on the location of the mines. Historical assay information from the mines is provided below. Gold Rush Expeditions, Inc. surveyors removed roughly 40lbs of grab samples for assay. Current Assay information will be provided as it becomes available from assay lab reports. The Tuscarora Mines were slowed by influx of water at lower levels. Mining operations prior to 1900, utilizing available technology were unable to keep up with the rate of flow. New and current pumping technology should mitigate all problems with water ingress and allow for development of these properties. Prior to 1905, the mines that are a part of the Tuscarora claims block produced over $3,382,000.00 in gold and silver values with Gold priced at $20.67 per ounce and Silver priced at $0.65 per ounce.
Property Sold

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