Storm Mineral Property Contact Gold Rush Expeditions
Use code JRM1003 for a 10% discount.
www.goldrushexpeditions.com
Ph: 385-218-2138
Email: goldrush@goldrushexpeditions.com
The Storm Gold Mining Property is located in in the southern end of the Red Mountain Mining District. The mine consists of a series of adits and small prospects cut on an assumed trend of outcrops indicating gold mineralization. The primary portal has been closed by the Colorado Division of Reclamation (date unknown) and the actual depth and details of the workings are currently not known.
The primary portal has a waste dump size of an estimated 25k tons. This material shows quartz, iron and gold and returns assay values of .6 oz/T. There are two other iron and quartz outcrops which appear to have been lightly prospected but not developed. There were no samples taken from these prospects.
Northeast of the main portal there is a small adit, known as the upper adit. This adit is roughly 30 in depth and is chasing iron/quartz/gold deposits. There is some good gold ore visible in small stringers inside the adit. A very old mining road connects the upper and primary adits on the claim.
The mine is positioned at roughly 11,600 in the upper basin of Grey Copper Gulch. The Vernon Mine, a noted gold producer, is located less than ¾ mile north of the Storm.
The primary output of the Storm Mine is and was gold. The mine was never largely developed due to the logistics, climate conditions and values of gold when the district was being developed. Silver deposits which returned $100-150 per ton in silver were common, so gold deposits, even high value deposits of a few ounces per ton, were still overshadowed by silver deposits. Add to this that mills and processing facilities in the region were set up to process silver and not gold.
With this information in mind it is obvious why gold mines were never largely developed until the latter half of the 20th century.
The Storm Mine is a high value gold mining claim that is projected to return approximately $75k per year in profit after costs
Asking Price: $19,800
Contact: Gold Rush Expeditions
Use code JRM1003 for a 10% discount.
www.goldrushexpeditions.com
Ph: 385-218-2138
Email: goldrush@goldrushexpeditions.com
