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Details about  Altata Too Mine-Historic Chloride, AZ- Gold/Silver Mining Claim- 6.3oz AU 20+AG!

Altata Too Mine-Historic Chloride, AZ- Gold/Silver Mining Claim- 6.3oz AU 20+AG! See original listing
Altata-Too-Mine-Historic-Chloride-AZ-Gold-Silver-Mining-Claim-6-3oz-AU-20-AG
Item Sold
Item condition:
--not specified
Ended:
Apr 05, 2012 16:00:13 PDT
Winning bid:
US $5,877.00
11 bids ]
Shipping:
Free Local Pickup | See details
Item location:
Draper, UT, United States

Description

eBay item number:
200735675699
Seller assumes all responsibility for this listing.

Item specifics

Seller State of Residence:

Utah

Type:

Mineral Rights-Federal Mining Claim

Property Address:

2.3 Miles SE of Chloride, AZ

Zoning:

Mining Claim- Other

State/Province:

Arizona

Acreage:

4.59

City:

Chloride

Mining District:

Wallapai

 

 

The Minnesota Conner Mine Claim

National Bureau of Mines Certified - AZ0106MH_X_Altata_Too

"Gold’s strength, owing to strong demand in emerging global markets and from investors wary of currencies, has sparked a resurgence of shuttered mines and properties as companies take a second look at deposits once deemed uneconomic or too remote. From Northern Ontario and Quebec to Africa and Australia, old gold properties are coming back on stream.

“There were a lot of operations that shut down when gold prices went down below $400 and those are now either operating again or being evaluated to reopen,” says Brad Humphrey, a mining analyst with Raymond James. High gold prices and technological advancements are the primary drivers, he notes."

--The Globe and Mail, February 27, 2012. (http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/the-new-canadian-gold-rush/article2349620/?utm_source=digest-en-au-120227&utm_medium=email&utm_campaign=digest)

Wallapai District History

Prospectors first located mineral resources in the area in the 1840s, including silver, gold, lead, zinc, and turquoise. Chloride was founded about 1863, and the first mines discovered included those at Silver Hill, where in 1863 Hualapai Indians laid their hands on the settlers’ guns and used them to kill four miners. One was shot and two others were killed by stones thrown down the mining shaft. It was a mining camp by 1864 but the mining was not widespread until the 1870s when a treaty was signed with the Hualapai Indians.  This paved the way for the development of Chloride as a rough mining camp that grew into a town.  By 1900 its population was two thousand. The town eventually grew to a peak of around 5,000 inhabitants, and at one time Chloride was the county seat. By 1917 the population had fallen to 2,000. In 1944, the cost of materials and labor caused the mines to shut down and it was nearly a ghost town.

The Butterfield Stage served Chloride from 1868 to 1919. The Santa Fe Railroad laid tracks from McConico, near Kingman, to Chloride around 1898. The railway from Kingman, called the Arizona and Utah Railway, connected at McConico near Kingman. The spur was inaugurated on August 16, 1899 - the last silver spike was driven by Miss May Krider. The tracks extended to the Tennessee/Schuylkill Mine which was the largest operation in the area and shipped 500 tons of ore daily. The Santa Fe served Chloride until 1935 when the railroad was abandoned.

In 1916, there were sixty-two working mines in a fifteen miles radius. Million and millions of dollars flowed through Chloride and the mines in Cerbat.  The name for this mining community derived from the fact that the exposed ores carried heavy silver chloride. As a testament to the mines of the area, Chloride also had its own bank, The Arizona Central, which boasted its capital of $800,000.00, deposits of $3,073,000.00 and so declared to be very solid. At that time Chloride had a population of over 2,000. During Chloride's heyday, 1900 to 1920, the population swelled to over 2,000, with 75 mines in operation. Chloride was a typical mining camp with saloons, stores, mills, and bordellos. The bar room fights and occasional shootouts kept Chloride "jumping" on Saturday nights.

The town Chloride and the mines of the area have suffered numerous fires due to an acute water shortage. Two fires were very disastrous burning down most of the business district. The large Ryan Hotel burned and was never rebuilt. But the town and the mines rose from the ashes and rebuilt only to face approaching disaster in the financial world. The Great Depression saw mines closing, and the rail service ended in 1932.

Today visitors are always welcome by the friendly folks in Chloride. A must stop on your visit to Chloride is Cyanide Springs, hosted by the Chloride Historical Society. There are gunfights every Saturday at High-Noon, the Melodrama Playhouse that houses many pictures of old Chloride and the Jim Fritz Museum, plus some of the original miner's houses. In addition stop by the old jail and the old cemetery that has graves dating back to the 1800's.

NOTE: Bidders with a feedback score of less than 10 must contact us for pre-approval prior to placing any bids. Bids from accounts that are not pre-approved will be cancelled without notice. 

What is being auctioned

This auction is for one (1) lode mining claim. A mining claim gives the owner control of the mineral interests on the claim for as long as the claimant maintains annual assessments of $140 per year. This auction is for all interest in Altata Too Mining Claim. This claim has been described in detail below. This claim covers 4.59 acres, 500ft by 400ft. Ownership of this claim gives the registered owner full rights to all lodes and minerals, gems that may be located on the claim and or underground as accessed by the tunnels. The winner of this auction will receive a quit claim deed to the site and all associated documentation showing full ownership of the claim. This auction is for the mining claim and mineral lease rights only. GRE is not selling any stocks, shares, securities or any sort of speculative investment. This claim has been staked according to state law to include all of the mines and land as pictured. The sale of this claim and the information contained therein does not imply or guarantee values, assay reports, or future earnings. GRE, Inc. makes no guarantees, neither written nor implied of any past, present or future value or mineral content. Any assay, PPM or other valuations are considered one-time counts and should not be viewed as representative of any past or present potential. GRE, Inc. recommends that all potential bidders make all efforts to inform themselves on the interests and legalities of mining claims prior to bidding or purchasing mining claims. 

Site Overview

It’s rare to find a mining claim close to patent that is for sale, especially around the town of Chloride, Arizona. This mine claim is smaller than most mine claims sold by GRE but very much worth it. The claim is 4.59 acres and located southeast of Chloride. The sizing is due to its location, the claim butts up against a patented claim to the west, with two other patents close by. This mine claim is exquisite for its size with a fully collared shaft and connecting adit. The tailings pile has gold in quartz and silver visible to the naked eye.

Location

The Altata Too claim is located just off an easy 2WD road. It is off the main road just southeast of Chloride, Arizona. Can be mined as is, with many visible deposits, or to hold and re-sell later.

 ·         Estimated Work Date: 1901-1948

·         Foot Traffic: Moderate 

·         Vehicle Access: 2WD passenger vehicle

·         Visibility: Shaft is visible from the road.

·         Parking: Parking is available 100 yards from the mine entrance but not directly next to mine

·         Structures on site: Timbered Collar

·         Relics on site: Timbering, a few cans and some glass

·         Views: Mountainous views all around

·         Resources: Water can be found at the bottom of the mine shaft. Should be considered non-potable Other resources could be acquired in Chloride.  

·         Vegetation: Sage and  scrub oak.

·         Tailings: Small amount of tailings on site but high quality with good amounts of ore visible

Weather and seasonal

·         Elevation: 4200 ft.

·         Average Winter Temperature:  High – 70 f°, Low – 40 f°

·         Average Summer Temperature:  High – 90 f°, Low – 55 f°

 

The Altata Too claim is on a south facing slope of the Cerbat Range, just south and east of the town of Chloride. The sun will be with you most of the day at this claim site bringing early mornings and late nights. The temperature is ideal, as is common for the area. High enough on the hill to get some good cooling breezes. Chloride is renowned for being a very temperate destination with a mild summers and winters. This is still a remote setting so plan to hydrate and protect yourself. The pictures were taken in January and as you can see the conditions are ideal. 

Communications:

·         Cell Reception: Intermittent cell reception via AT&T.

·         Satellite Reception: Quick with open view of sky.

Access

·         Road Difficulty: Easy, flat graded road, high clearance recommended.

·         Drive up Access to Mine: Parking is available about 100 yards from the mine entrance 

·         Vehicle Recommendation: High clearance 2WD.

·         Distance from Paved Road: 5 miles to pavement

·         Nearby Cities/Distance: Chloride/2.3 miles

This mine claim is just 2.3 miles outside the town of Chloride. Good tires are a necessity, rocks and even some cacti can tear into your tires and this is not a place to get stranded. GRE, Inc. will provide a detailed 24k topo and 100k topo map of the site and the claim to the winning bidder only. We will also provide GPS locations of all of your corners and location monuments. GRE location markers are all done with blue flagging, so it is easy to pick out among the browns and green of the desert.

Please note that GRE, Inc. will not disclose exact claim locations to anyone but the winning bidder. We think there is value in this site and traffic from random and unknown people will do nothing but detract from the enjoyment of your site. We want your site to remain exactly as it is pictured, not picked over by the time you get out to it. GRE values your privacy and your investment, so please do not ask for coordinates or exact locations to our sites. We can provide Section Township and range upon request.

 

The Mine

The Altata Too Mine:  

The mine: One shaft and one adit, interconnected

Total Depth:  50 foot shaft that ends in water, 60 foot drift with a 20x5x15 foot stoped out area.

Height x Width:  8’x 5’

Entrance:  Large sturdy collared shaft that extends a few feet above the ground, some slight blockages are present in the shaft but could be easily cleared with the proper equipment.

Cut of mine: Hard rock that is completely collared and timbered.

Mine Interior:  Damp and filled with water in the shaft at the 50’ level.

Artifacts in Mine:  Timbering, metal cable, ladders.

Estimated age of Mine:  111 years.

Estimated date last worked:  64 years ago.

Minerals observed in mine:  Gold, Silver, Galena, Quartz, and Copper

Minerals observed in tailings:  Quartz, Gold, Pyrite, Quartz and Silver.

Wildlife in mine:  Bats.

Foot traffic in Mine:  Moderate.

Mine Description

The Altata Too mine claim is a 4.59 acre claim sitting just 2.3 miles southeast of the historic silver mining town of Chloride Arizona. This chunk of land sits between three patented claims. The explorable length of the mine is around 110 feet. The explorable length is stated because the 50 foot shaft ends in water, the amount of tunnels, drifts and stopes that are underneath the water are unknown at this time. In this same area is the Dardanelles mine that has 3000 plus feet of tunnels hiding under a shaft at the 65 foot level. The Altata Too could hold the same treasure lurking in the water filled shaft. Mines in this area are historically rich in Gold, Silver and Copper. The Altata Mine and Altata Mine extension reported 382 oz. of Gold, 36,024 oz. of Silver, and 136,616 pounds of copper produced between the years 1901-1948. The Altata Too is located next to the Altata Patented mine claim. The unusual thing of the Altata Mine claim is that it produced significantly less lead than other sites in the Chloride area, making the silver easier to find amongst the lead. The Altata Too ore vein is deposited in Ithaca Peak Granite. The Altata Too mine is entered via a 50 foot fully cribbed shaft with ladders and shoring. At the 50 foot level the water table is hit.  What lurks below that water is a mystery. At the 30 foot level is a drift that is 60 feet in length and has a stope 20x5x15. The 60 foot drift is cut into Ithaca Peak Granite that houses the gold, silver and copper ore. In the stope of the Altata Too mine is a large dark iron vein with silver and gold sitting directly between two chunks of granite. The 60 foot drift opens up into an adit, allowing for excellent airflow inside the mine. The tailings piles though not significant in size show a sizable amount of Gold, Silver and Pyrite indicating that like most of the mines in the Chloride area, the Altata Too was high graded leaving much ore behind to bring you a easy workings.

BIDDING

If you have a feedback rating of less than 10, please contact us prior to bidding. We will immediately cancel bids from zero (0) feedback bidders unless we have pre-approved you.

Vernacular used in the description.

Adit - A horizontal access point to a mine.

Shaft - A vertical access point into a mine.

Winze - A vertical shaft with a hoist, usually at an adit opening. Allows access to upper or lower levels.

Drift - A tunnel or shaft that cuts off from the main adit or shaft.

Stope - An open void in the mine where ore has been mined out.

Incline - An inclined tunnel that intrudes on the ore body.

Description of the Images:

Pic #1: View of the collared shaft entrance of the Altata Too Mine.

Pic #2: Road that leads to the mine claim, picture taken from the mine shaft entrance.

Pic #3: View of the Altata Too mine from the road.

Pic #4: The cribbing that runs the entire length of the mine shaft.

Pic #5: Large gold and silver bearing iron vein, sandwiched in between Ithaca Peak Granite

Pic #6: Looking back at the shaft from the 60 foot drift.

Pic #7: Close up of the Ithaca Peak Granite that houses the Gold, Silver and Copper ore inside the Altata Too Mine.

Pic #8: Tailings pile located on the mine claim.

Pic #9: Gold bearing iron chunk of ore located in the Altata Too tailings pile.

Pic #10: Piece of ore that has visible pyrite crystals, found in the tailings pile.

Pic #11: Hunk of silver ore from the Altata Too Mine Claim.

Pic #12: Map of the Altata Too Mine.

Logistical Considerations

The mine is accessible by 2wd Graded road; we recommend high clearance 2WD or 4WD if available. Should you choose to start full scale mining, you might want to decrease the 100 yard walk to the mine entrance by adding a road or small tramming system.

Smelters and Refining

As to production, there are a few small smelting companies in Arizona and in Nevada that can do this type of work. This work would have to be individually contracted with companies with active mines and smelters in the area. We have found that it’s best to do your own research on smelting and refining. There are two large smelters going up just outside of Kingman, it will probably be 2 years before they are operational, but it’s something to ponder.

ASSAY Avg Values

·         AU: 190ppm(avg)(6.3oz)

·         AG: 621ppm(avg)(20.5oz)

·         CU: 1239ppm (40.9oz)

·         Other Minerals: Iron, quartz, Pyrite, 

·         Sample Size or Method:  XRF measurements on veins.

Portable XRF is used in exploration and mining worldwide and has become mainstream in the past few years.  A large number of exploration and mining companies are using XRF on their projects in open and closed-beam bench top configurations.

XRF Technology is leaps and bounds above any assay that you can pay for. An old fire assay misses platinum, 90% of rare earths, palladium and many more. An XRF analysis can show you down to specific Parts per Million what is in your mine. What’s one better is that it can take a average of all of your measurements and pull them into one number. Not just a rich pocket here or there. Consider that the large mining companies have some idea what they are doing, and that’s why they have all moved into XRF analysis. Pulling a fire assay today is like using a calculator to do word processing. Its old, outdated and destructive to your minerals. 

http://www.spectroscopyonline.com/spectroscopy/Technology+Forum+Column/X-ray-Fluorescence-Simplified-Instrument-Operation/ArticleStandard/Article/detail/751315

http://hbar.phys.msu.ru/gorm/dating/gold.pdf

Assay Disclaimer: Please note that for legal and liability reasons, GRE, Inc. does not provide any assay reports. GRE uses many technologies, including XRF (X-Ray Florescence) to attain our assay values. GRE pulls our values from the richest veins in the mines for a best case scenario. These numbers are used only to show what we were able to find and should be considered a one-time value. We do not sell investments or securities; this auction is not for a speculative item.

Other mines on the claim: No other prospects or mines on the site.

Other Mines in the area: Samoa, Matchless 2, Minnesota Connor, Money Falls and the Patented Altata.

This mine is listed on Mindat at: http://www.mindat.org/loc-39530.html

Mineral List:

Cinnabar
Cuprite
Epidote
'Feldspar Group'
Fluorite
Galena
var: Argentiferous Galena
Gold
Hematite

Limonite
Molybdenite
Muscovite
var: Sericite

Pearceite
Proustite
Pyrargyrite
Pyrite
Pyrrhotite
Quartz

Quartz
var: Rose Quartz

Horn Silver
Sphalerite
Stibnite
Tennantite
Tetrahedrite
'Tourmaline'
Uvarovite ?
Vanadinite

The usual questions:

Q: "If there are still precious metals inside, why don't you mine it yourself?"

A: Our business is location, documentation and preservation. If we worked at any mine all day, we wouldn't have any time to locate and document other mines around the western states.

 Q: Why would they leave valuable minerals behind?

A: Most of these were abandoned for good in the 1940s by federal law when gold and silver mining was banned and people were only allowed to file claims for Strategic Minerals. Even if you had gold in your mines you couldn't mine it. When this was repealed a few years after WWII, Gold was cheap at around $25 per ounce and silver was less than $2 per ounce. A lot of mines that ran silver saw the values fall to a low of .30 cents per ounce around turn of the century which effectively made it inefficient to mine the sites. Today silver sits at around $34.00 per ounce. That's more than a 100x increase. Real Silver and gold mines are being picked up a rapid rate, for mining or simply for investment purposes today. To get a good site it to make an investment in your future. Ore processing today usually extracts 90-95% of precious metals, while in the late 20s, mills were lucky to extract 25% of total value. Historically, some of wealthiest people in the US made their fortune in mining.

Auction Disclaimer and Information:

This auction is for 1 lode mining claim that covers 4.59 acres. This auction is for the mining claim and mineral lease rights only. GRE is not selling any stocks, shares, securities or any sort of speculative investment. This claim has been staked according to state law to include all of the mines and land as pictured. The sale of this claim does not imply or guarantee values, assay reports, or future earnings. GRE, Inc. makes no guarantees, neither written nor implied of any past, present or future value or mineral content.

About the auction and GRE, Inc.:

PLEASE ASK ANY QUESTIONS BEFORE BIDDING! Your bid is contract to pay. We are more than happy to answer questions. There is far more information about these sites than we could put into a single listing.

Mining claims can be tricky from state to state.  GRE, Inc. has provided over 900 claims to happy, satisfied customers. We will be here long after the sale to help out with most anything you need. A lot of our claims are sold to repeat buyers; this says a lot about what we are doing. We spend a lot of time researching the history and exploring the site and the mine. We also map the mines where relevant; taking pictures of what is underground.

GRE, Inc. surveys over 400 sites per month; Out of those surveys, we usually only claim 20-30 of those mines. The sites we offer are the best of the best. They are here because we believe them to have a good value. GRE has pioneered offering mining claims to the public at a reasonable rate, taking care of all the paperwork for you. We go the extra distance to make sure that everything is right and if it’s not, we will make it right.

NOTE: there are many other pics of this mine and others on our Facebook Page, look for the Altata Too Mine galleries, located at: http://www.facebook.com/GoldRushExpedinc

!! This site is also available for sale through private venues and we reserve the right to cancel this auction if there are no bidders and it is sold outside of eBay. !!

NOTE: Once there is a bid on any auction, the auction WILL NOT be closed and we WILL NOT accept outside offers.

 Information on Mining Claims:

A Mining claim is a tangible asset; it shows proof of all interests in minerals in the area. It can be bought, sold or used as collateral, just like real estate. You likely don’t have ownership of the mineral rights on your own land.

 With current legislation and environmental actions, Mining Claims are moving to be a thing of the past. However, existing claims have precedence and should be grandfathered in. Even in WSAs. Mining claims are being cracked down on under President Obama and every year there is more land signed into wilderness. This claim is the only way to hold title to these mines.  Mine Closures are rampant in Utah and soon there will not be any existing mines to claim, only dirt, where you have to post million dollar bonds to plant a shovel.

 GRE, Inc. is the ONLY claimant to hold off closures from the BLM. We have set a precedent so rest assured that once you have this, no one is going to take it away!! Don’t be one of the people who wish they had had claimed a mine while they were able.

This auction is for all interest in this claim. This claim covers the entire site, 500ft by 400ft., 4.59 acres. Full rights to all lodes and minerals, gems and whatever else you may find. The winner of this auction will receive a quit claim deed to the site and all associated documentation showing full ownership of the claim.

 Maintenance on all BLM mining claims is $140.00, per claim, annually. This must be paid on or before September 1st, every year.

YOU ARE BIDDING FOR FULL CLAIM OWNERSHIP, NOT JUST A DOWN PAYMENT. AUCTION END PRICE IS THE FINAL PRICE FOR THE SITE!!

Patented vs. Unpatented sites:

Many Mine sites are held with patents. Patented mining sites are usually expensive and overpriced. They claim reserves but if there was truly anything worth working it would be worked. Most everything has been worked out of them. The benefit of a patented site is that you own the land outright and you can do what you want. The downfall of patented sites is you are liable for the mines. Clean up, environmental impact, attractive nuisance and public access problems. Plus don’t forget your annual taxes on the land values, usually at least a few thousand dollars a year. All of this in on your shoulders if you own a patented claim.

With a claim you have no liability for the public. If someone walks in and falls down your mine, it’s the BLM that gets sued, not you. Existing clean up and environmental issues are not your problem. With a plan of operations you can fence off your site to keep the public out as well. No taxes, just your annual assessment of $140 per year.

The main detriment with a mining claim is that you cannot build a permanent structure on the claim. All buildings must be mobile, or pre-existing.

Most large companies now days are looking to buy smaller sites since they haven't been commercially worked and still have values in them. These types of claims typically have been held by individuals instead of large mining companies. These sites are rare opportunities for investment, prospecting and land procurement. Hard rock mining has made many millionaires, but you don't make anything without rights to the land. This claim gives you full control of all mineral rights.

NOTE: All filing fees and assessments have been paid for the 2011-2012 year. No money due to the BLM until September 1st, 2012.

This is not a patented site, nor are there any guarantees of ore content or values. This is an UNPATENTED claim, and requires a yearly maintenance fee of $140 per year, per claim, (or submit a waiver to avoid paying fees) to retain ownership. The maintenance fees for the site will be paid and taken care of in full for the 2012 year. No monies will be due to the BLM until September 1st of 2012.

In addition to the final bid price, there is a $299.00 documentation processing fee that is required of the winning bidder. This fee covers all of the filing of paperwork in the proper counties and state and with the BLM. The winning bidder will receive a Quit Claim deed for the claim. There are no monies due until September 1st, 2012. There is no reserve set for this claim.

LEGAL NOTES :( To be in compliance with EBay rules and regulations please review the following notes)

    *This auction is not for any Speleothems, Stalactites or Stalagmites. This auction is not for any cave formations of any sort.

    * This auction is not for ownership of a cave or any sort of cave related items. Its is for control of locatable minerals and the ability to secure the land on which your minerals are located.

    *This auction is for Mining Claims. Mining Claims are administered by the BLM. They are not administered, nor are they under any control by the US Securities  and Exchange Commission.

    *This Auction does not constitute any sale of stocks or other security interests that represent a current investment ownership interest in an entity. Nor does this auction represent any effort by individuals to raise money or find investors for Businesses.

A mining claim is not ownership of the land. It is full control of locatable minerals. The BLM defines located minerals as:

    * Locatable minerals include both metallic minerals (gold, silver, lead, copper, zinc, nickel, etc.) and nonmetallic minerals (fluorspar, calcite, mica, certain limestones and gypsum, tantalum, heavy minerals in placer form, and gemstones).

    * (edited From http://www.blm.gov/pgdata/etc/medialib/blm/wo/MINERALS__REALTY__AND_RESOURCE_PROTECTION_/energy.Par.26680.File.dat/MiningClaims.pdf )

The General Mining Law of 1872, as amended, opened the public lands of the United States to mineral acquisition by the location and maintenance of mining claims. Mineral deposits subject to acquisition in this manner are generally referred to as “locatable minerals.”

A lode claim is defined as: "Jefferson-Montana Copper Mines Co., 41 L.D. 321(1912), established the full test for a lode claim:“To constitute a valid discovery upon a lode claim, three elements are necessary: 1. There must be a vein or lode of quartz or other rock-in-place, 2. The quartz or other rock-in-place must carry gold or some other valuable mineral deposit, 3. The two preceding elements, when taken together, must be such that as to warrant a prudent man in the expenditure of his time and money in the effort to develop a valuable mine.”

Additionally, Federal statute does not describe what constitutes a valuable mineral deposit, therefore the government has adopted the “prudent man rule.” This rule determines value based on whether or not a person will consider investing time and money to develop a potentially viable mineral deposit. This rule was first stated by the DOI in 1894, in the adjudication of Castle v. Womble, 19 L.D. 455 (1894), the holding of which states:“…where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success in developing a valuable mine, the requirements of the statute have been met.”

Note, this is site is not subject to the Cave Protection act of 1988, as Federal Law states:

16 USC Sec. 4308&01/08/2008

-HEAD-

    Sec. 4308. Miscellaneous provisions

-STATUTE-

    (d) Existing rights

      Nothing in this chapter shall be deemed to affect the full operation of the mining and mineral leasing laws of the United States, or otherwise affect valid existing rights.

-SOURCE-

    (Pub. L. 100-691, Sec. 9, Nov. 18, 1988, 102 Stat. 4550.)

-REFTEXT-

   REFERENCES IN TEXT    The mining laws and mineral leasing laws of the United States,

    referred to in subsec. (d), are classified generally to Title 30,

    Mineral Lands and Mining.

The information below is cited from the official Department of the Interior Bureau of Land Management page located at: http://www.blm.gov/pgdata/etc/medialib/blm/wo/MINERALS__REALTY__AND_RESOURCE_PROTECTION_/energy.Par.26680.File.dat/MiningClaims.pdf

 OTHER CONSIDERATIONS

If you have any questions of any sort, please do not hesitate to email us. GRE can tour the site with bidders prior to auction closing or after. The fee for guide to site and tour of site is $750.00 plus fuel costs.  GRE does not provide on-site transportation. If you are the winning bidder and would like to tour the site with GRE, the fee is reduced to $500.00 plus fuel costs and subject to scheduling. If you would like to schedule tours please plan on providing a 4-wheel drive vehicle and ATVs to make the tour as easy and efficient as possible. There are multiple companies that will rent ATVs and most rental companies have 4WD vehicles available.

Gold Rush Expeditions, Inc. is a not-for-profit organization that seeks to preserve mining history by documenting and locating sites in the Western States. We research, locate and document historic and significant mines throughout the west. Once located and documented, we offer these sites up for sale.  For more information on our explorations and other claims for sale, please visit:

 There are pics of this mine and others for sale on our website and on our Facebook page, please visit us at:  www.goldrushexpeditions.com  or http://www.facebook.com/GoldRushExpedinc

GRE is an actual "brick and mortar" business with an office that you can stop into. As such, our hours are limited. We do keep normal office hours and on the weekends we are usually out locating more sites. Email is the preferred method of contact as we like to have records of information and conversations. But always feel free to stop in and see what we are working on. Our office has an extensive mining library and an impressive collection of mining artifacts and memorabilia.

PAYMENT and FINANCING:

·         GRE requires a $500 security deposit via PayPal within 24 hours of auction end or claim will be offered to other bidders - NO EXCEPTIONS!!

·         GRE will send all correspondence to the email address on file with eBay. Please verify that this address is correct, we are not responsible for misdirected or unreceived email.

·         Payment is due in full within 7 days

·         If balance is not received within 7 days, security deposit will be considered forfeit and not refunded. Site will be offered to other bidders.

·         GRE accepts cashier’s checks, Money Orders, and cash for remaining balance.

·         In addition to the final bid price, there is a $299.00 documentation processing fee that is required of the winning bidder. This fee covers all of the filing of paperwork in the proper counties and state and with the BLM. The winning bidder will receive a Quit Claim deed for the claim. No monies due until September 1st, 2012.

UTAH BUYERS ARE SUBJECT TO SALES TAX of about 6.85% dependent on the county you live in.

Financing:

1.       In most cases we can offer financing of sites. Basic terms are $1799.00 down, plus a documentation fee of $299, and a minimum monthly payment of $1000.00 or 1/12 of the amount owed, whichever is more. Finance term not to exceed 12 months. You must contact us prior to bidding if you would like to arrange financing.

2.       Financing a claim will automatically stop you from being able to bid on other claims until your financing is complete and paid in full. We will only finance 1 person for a single claim at any given time.

 

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