GOVERNOR GOLD MINE FOR SALE
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Transcript of GOVERNOR GOLD MINE FOR SALE
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GOVERNOR GOLD MINE FOR SALE
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LOCATION
52 MILES FROM LOS ANGELES
NORTH LOS ANGELES COUNTY
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LAND DETAILS
PATENTED MINING CLAIM
LAND SIZE: 93.7 ACRES
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PATENTED MINING CLAIM
Owner may mine and remove minerals without a mineral patent
Federal Government passes title to claimant, making it private land
You own the land as well as the minerals! Title Report proves this
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HISTORIC DATA
Sold at an auction in 1950, no exploration occurred since 1942
Owned by Governor Henry T. Gage until 1942
Adjacent ore bodies are present and have not been explored
Average vein width of 7 ft. and varies up to 24 ft.
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HISTORIC MINE INFO
Main vertical shaft reached 1,000 ft.
30 miles of tunnels
Most extensive mine workings in LA
Today, mine entrances are sealed
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SHUT DOWN
Governor Mine was not depleted and still contains a fortune of gold
(1942) President Franklin D. Roosevelt ordered a halt to gold mining
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PRODUCTION
Three times the yield of any other gold mine in Los Angeles County
The mine extracted 10 grams of gold per ton of dirt (1940)
Yield valued at more than $1.5 million (between 1880-1942)
Produced 150,000 tons of ore rock
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ACTIVE YEARS
The mine was worked on for 25 years total; (15 years) from 1882-1897 and then (10 years) from 1932-1942
The mine was inactive for a total of 107 years since its discovery; (35 years) from 1897-1932 and (72 years) from 1942-2014
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ARCHIVE DATA
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MINE DATA
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The quartz-vein complex was reported to consist of a single thick vein
Ore contains quartz with native gold and a small % of iron sulfide
Undiscovered adjacent ore bodies, similar to the main vein complex exploited at the Governor Mine, are still present.
Gold and Silver are the primary metals contained in the ore
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WESTERN MINING HISTORY
http://westernmininghistory.com/mine_detail/10310624
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NEARBY GOLD MINES
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GOLD PRICE
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The average cost of underground mining is under $500 per oz.
Reclamation plan could take 18 months. Permitting could take 2-3 years.
Apex Rule may apply to this gold mine.
To be an economic today, production can be 1gram of gold per ton of dirt
MINING GEOLOGISTS
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Owner can exploit the vein of gold outside the boundaries of his/her land
Mineral law of the United States Government.
APEX RULE
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AEROMAGNETIC MAP
Governor Mine
Golden Queen Mine
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Mapping & Multiple Drill Samples
Geologist report: feasibility & gold reserve rough estimate
Gold extraction!
Permitting
PHASES
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Historic and Archive data proves that gold reserves are still present
Professional exploration has not been pursued in over 70 years
Modern technology has drastically improved mine efficiency
Governor Gold Mines reserves were never depleted
CONCLUSION