Gold Rush Expeditions, Inc. is proud to present the Historic Roosevelt Gold Mining Claim. This is a 20 acre lode and 20 acre placer mining claim for sale exclusively through Gold Rush Expeditions, Inc. The claim is located just outside of Gunnison, Colorado and has been properly staked and marked at all corners. All Gold Rush Expeditions, Inc. claims have been meticulously surveyed, mapped and researched. Field work is completed by our own experienced, well versed Mine Survey Team.
The Roosevelt is a lost treasure. A mining claim of epic proportions. The mine is a massive undertaking that includes nothing less than a large, branded and gated adit entrance, a double battery (10 stamp) mill, a power station and much, much more.
Despite the massive size and output of the claim, the mine is relatively undisturbed due to its location on the opposite side of a wide running river. This river once drove the power plant that can be seen from the road, if you keep a sharp eye. The location currently allows for only foot access. This makes mining a bit difficult, but if someone gets serious and files a Notice of Operation, a new road could be cut and a bridge installed across the river for access. The roads on the claim are all still there, they are just inaccessible.
The sheer size and capital outlay it took to create a mining operation like the Roosevelt is astounding. Typically this is something you would only find on patented mining claims, but this claim is indeed available.
A short but steep, 0.8 mile hike is required to get to the entrance of the mine, but it is well worth it. The tunnel entrance boasts extensive craftsman rock-work and is stable and solid. The gates into the mine are locked and secure (keys given only to claim owner). It is located in a dense forested area. The foot paths are narrow, but well defined.
The mine is a massive beast, boasting at least 2200' of linear drift workings to a huge lode that measured up to 3 feet wide. From this lode, a series of drifts and raises lead over 800' down into the depths of the mine. The ores are rich gold and silver. Some early reports also noted platinum, but not in measurable quantities.
Outside of the mine there are thousands of tons of tailings. Some processed, some not, some waste and some high-grade that never made it across the river.
The mine closed reportedly in 1919 amid controversy with the owners. A typical case of too much money and too much greed. The mine has not operated on a commercial basis since this closure.
There is a wide river below the mine where the tailings have dumped in. Also many, many other old gold mines are up stream from this. For this reason we have also put a placer claim covering the river and the water output from the mine. The river has many soft banks with dark, black sands and bits of gold. Its a dredger or sluice box paradise.
Our surveyors were unable to explore the entirety of the workings. At the 1300' point, their air monitors dipped from 20.8 to 19.0, while still a good level of oxygen, they decided not to risk going further. A small oxygen tank or canned oxygen would be advised for further exploration. Itís always better to play it safe.
The Roosevelt tunnel is actually little more than a targeted cut to intercept a set of massive gold bodies. These gold bodies had been worked at the surface for less than 100' but noted to be very rich and nearly pure.
At 2200' there was a large, 19ft. wide gold ore body struck. Three separate shafts were sunk on that vein that were over 800' deep each. There is considerable gold and quartz visible and likely much more.
Air quality degrades from 20.8 to 19.0 at approximately 1300' and stays consistent. May need oxygen if operating without ventilation. No other gases identified within the mine. The spine and ribs are solid and there is no shoring. Wood has been used for small operation stations and ladders. This mine is ready to work, as is under casual use, but highly recommend full commercial production.