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Wyoming Gold-Rare Earth Paleoplacer Project

One of the largest Gold/REE deposits in the US

Mine Details

Commodities: Gold, Rare Earth, Rare Earth Elements, Rare Earth Minerals
Available Terms: For Lease, For Sale
Price: 80000
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Summary

One of the largest gold-REE deposits in the United States. A great project to develop as the US enters a new push for domestic rare earth production. This project is uniquely positioned as it is located in a mining friendly state, is near a developing processing plant, and has gold to enhance its economic potential.

Description

Drilled by the US Bureau of Mines and extensively sampled ~18 million tonnes graded 0.08% Total Rare Earth Oxides (TREO), samples average 0.003 oz/ton gold (up to 0.1 oz/ton). Exploration was done by government geologists who were more general assessment focused. Company exploration focused on finding an orebody/mine will likely find higher grades.
Heavy-mineral concentrates from some of the higher grade samples contained 38.3% ilmenite, 8.7% monazite, 4.0% magnetite, 0.2% zircon, and 48.8%other impurities. Reportedly another 32 million tonnes of inferred resources. Ilmenite accounts for up to 38% of concentrates will further enhance the value of the deposit.
One of the largest gold-REE deposits in the United States.

Geology

Paleoplacer deposit with a combination of loose and cemented conglomerate material. Detrital monazite is concentrated in the conglomerate near the base of the Deadwood Formation, overlying the Precambrian granite. A high-grade stratum developed during the drilling program of the Bureau of Mines contained 675,000 tons of conglomerate averaging 13.2. pounds of monazite per ton. The average thorium content of the monazite was 8.8%, which is higher than usual domestic and international sources. Ilmenite accounts for up to 38% of concentrates will further enhance the value of the deposit.
The highest concentrations of gold are found where gravity has concentrated deposits in the northern project area, particularly in and near Half Ounce Gulch.

Additional Information

I am offering the project for $80,000 paid in quarterly $2500 installments, 2% nsr.

Feel free to contact me for additional data.

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