The Historic Ruby Mine (L430)

SOLD
Famous Gold Mine with 500,000 Oz Placer Gold Resource potential
Rich 200,000 Ounce Production History from Tertiary Channels and Quartz Veins
Well-Equipped, Extensive Facilities for Mining & Milling both Placer and Lode
1,750 acres in California's Sierra Nevada Foothills: approximately 1,320 acres of unpatented mining claims and 435 acres of subsurface mineral rights
Big Gold -- 201 oz Nugget found. The Ruby is reknowned for its production of coarse gold

 

Price $2.5 Million USD -- will consider stock in listed company or possible terms

 

Includes over $3 Million in Facilities, Improvements & Equipment
Paved Road to Property

Family Owned for 40 years: Reason for sale -- Age & Health

Description

One of California's best-known placer drift mines, this large land package hosts a system of gold-bearing Tertiary channels that have produced desirable coarse jewelry gold and spectacular specimen nuggets since the 1800's

Geological Studies infer a potential Placer Gold resource of 500,000 ounces from several miles of unmined Channels remaining in this property.

Quartz veins on the property have yielded High-Grade Specimen Gold-in-Quartz, but the Lode potential is largely undeveloped.

Advanced Permitting -- Plan of Operations, Water Order and over $170,000 in Reclamation Bonds.

There is ample Water for mining & milling, and Timber is available on the property to mill for use at the mine.

Equipment and Facilities

  • 1,000 yard per day Placer wash plant
  • 50-ton per day Quartz mill
  • 6,000 feet of tracked haulage
  • Man-Hoist with 65-foot Headframe accesses directly into Channel Workings
  • Underground Equipment onsite: Trammers, ore cars, rubber-tired loaders, fans, winches, drills, etc.
  • Support Equipment for Underground: compressors, generators, etc.
  • Surface buildings, facilities and equipment: Shops, offices, housing, etc.
  • Second Exit shaft almost 2 miles from portal can provide natural ventillation for much of the underground workings
  • PG&E Power on property
  • Excellent system of roads

Other Features

  • Archive of Maps and Reports
  • Detailed Geological Investigation & Economic Evaluation Report can be upgraded to 43-101 Technical Report
  • Phase I Environmental Site Assessment completed
  • Close to town -- airports and metropolitan areas about 2 1/2 hours distant by paved roads and highways

SOLD

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Look at the size of this gold from the Ruby!

Paved road on the property

Ruby Portal

Portal Area View

Placer Plant
 
Lawry Headframe

Lawry Hoist