"Permitted" Gold Quarry / Silver Quarry
MOJAVECA 93501 (KERN county)
Type Other
Possible Uses Gold & Silver Mining
Lot Size 355 acres
Year Built

MLS #    Posted 12/23/2015 12:00:00 AM
Property Description

Gold & Silver Quarry - Mojave, Ca.

Kern County, California. Includes five patented claims and 14 unpatented mining claims, approx. 355 acres, located approx. 3 miles south of Mojave, Ca. 65 miles north of Los Angeles, Ca., has electrical 440 three phase & water. From it's discovery in 1894 until underground mining finished in 1956, it is estimated that this Gold & Silver Quarry produced approx. 150,000 oz gold and approx. 500,000 oz silver from over 15,000 ft. of horizontal drifts and stopes to a depth of 900 ft. down the dip of the mineralization. During open pit mining by Shell Oil Co. (Shell)/Billiton Minerals (Billiton) from 1987 to 1990 it is estimated an additional 77,500 oz of gold and 258,000 oz of silver were produced. This Quarry is a well documented, historical producer. It lies within the Mojave Mining District tha has been active for almost 120 years. The property has not had any exploration activity performed on it since mining was completed in 1990 by Shell/Billiton. Historical records, as well as the exploration database created by Shell/Billiton during it's exploration in the 1980's indicated that the property still has potential for more economic mineralization. The property is currently leased to Granite Const. of California for the extraction of non-mineralized aggregate and rock. In December 2013, Tetra Tech was commissioned to complete a technical review of this property. This report is to comply with disclosure and reporting requirements set forth in National Instrument 43-101. Tetra Tech is of the opinion that the property, as well as the database, is of sufficient quality to warrant further exploration and/or evaluation.

In June 2015, Mine Development Associates (MDA) made a polygonal estimate of the Standard Hill Mines property in order to guide corporate decisions regarding development of the project. MDA states the preliminary estimated tonage, grade and ounces for the Standard Hill Mines area are twelve million tonnes grading 0.02oz Au/T and 0.15oz Ag/T for a total of 240,000 oz of gold and 1,800,000 oz of silver. Based on MDA's knowledge of Standard Hill Mines data, there is some indicated material that would be defined, possibly even some Measured and the rest would be Inferred.

Offered at $15,000,000. (fifteen million).


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