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The Rich Gulch project contains Proven gold and silver reserves. The claims are located 22 miles west of Quincy, California near the confluence of Rush Creek and the East branch of the North Fork of the Feather River. The claims are bordered to the south by State Hwy 70 and to the East by Rush Creek Road. The majority of this area has been officially rezoned as a prime mining resource development area. Originally these claims were known as the Hallsted Quartz Mine since the original filings in 1881. At that time only small production was begun and the total production unknown. Historical records show that 450,000 ounces of gold was produced in the Rich Gulch area. The last recorded work on the property was in 1930 until a Canadian mining company did some exploration and drilling. 241 holes were drilled to an average depth of 311 feet on some of the claims and according to their report over 8 million tons of gold ore was identified with an average grade of .059 ounce per ton gold and and additional 3 million ounces of open reserves (from waste ore) was identified at an average grade of .072 ounce per ton gold. An additional 425,000 ounces of silver was also identified. Copies of drill data, showing cross sections, analysis and other information is now available. The owner wishes to sell these claims and is asking $1,000,000 cash or best cash offer.
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To receive more information email us and ask about the Rich Gulch Project #L700
fax (208) 265 5377 |
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