GOVERNOR GOLD MINE FOR SALE

GOVERNOR GOLD MINE FOR SALE

LOCATION

52 MILES FROM LOS ANGELES

NORTH LOS ANGELES COUNTY

LAND DETAILS

PATENTED MINING CLAIM

LAND SIZE: 93.7 ACRES

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

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.

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

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

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

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

ARCHIVE DATA

MINE DATA

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

WESTERN MINING HISTORY

http://westernmininghistory.com/mine_detail/10310624

NEARBY GOLD MINES

GOLD PRICE

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

Owner can exploit the vein of gold outside the boundaries of his/her land

Mineral law of the United States Government.

APEX RULE

AEROMAGNETIC MAP

Governor Mine

Golden Queen Mine

Mapping & Multiple Drill Samples

Geologist report: feasibility & gold reserve rough estimate

Gold extraction!

Permitting

PHASES

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