The Coors Mine consists of 20 unpatented lode mining claims on BLM ground. The Coors group of 19 claims are contiguous and one claim, the Silver Cloud, is a partially over-lapping claim nearby that is also part of the package.

The Coors Mine gold property is located in a mining friendly area of Yavapai County, Arizona approximately 7 miles south of Bagdad and the Freeport McMoran open pit copper mine. The Coors Mine is indicated in Section 27 on the Grayback Mountains quadrangle in Township 14 North, Range 10 West, referenced by the Gila and Salt River Meridian and Phoenix baseline. It can be accessed by Burro Creek Trail from State Route 97 close to Interstate 93. The first 5 miles on Burro Creek trail is a well-maintained county road and the last mile or so is on a 4-wheel drive trail accessible by most vehicles with high clearance. Congress is 35 miles southeast and Phoenix is 100 miles away.

Evidence of early mining efforts in the 1800s show that highest grade oxidized material were the focus and that currently large amounts of unoxidized material and volumetrically more extensive lower grade rock were left behind and might prove extensive at depth. There is no record of the operations, but the workings suggest that the active period was between 1880 and 1920. There are three historical adits / shafts on the property, the Coors North vertical shaft, the Coors South adit, and the Silver Cloud adit.

The rocks of the Coors North Shaft are granitic and are intruded by overlapping 2-10 cm thick quartz veins. A 1.5 meter, steeply dipping, dike zone is what the Coors shaft follows as it dips 60 degrees to the south. Coors North is a vertical shaft in and nearby is a grinding arrastra and two old water tanks. Highest grade sample in this area runs 0.375 oz/ton gold.

On the southern claims a more significant body of mineralization is present on the surface. The abandoned adit shown above has a 1-2 meter zone of high-grade mineralization (1-2.4 oz/t), which is developed along a moderate to steeply dipping shear zone that has silicified gouge, breccia and hydrothermal related features. The gouge zone with the highest gold values also has associated copper sulfide mineralization. In some parts of this shear zone oxidation has occurred. The highest grade samples on the property come from this area.

The Silver Cloud Claim claim contains a caved adit with a small tailings/dump pile on the side of the mountain over-looking the Coors claims and is within walking distance of the Coors. We took 10 samples here and everything ran. The highest grade sample was 0.331 oz/ton gold with multiple samples that ran 0.15 oz/ton. This area could be as good as the Coors, but more exploration is needed.

The Coors Mine offers exciting possibilities for both the small mining operator and for exploration companies looking for larger, relatively shallow (less than 100 meters) high and medium grade targets. Initial sampling shows a possible 2,000 oz gold at or near the surface that is available for immediate extraction. There are more than 1,000 tons of high-grade (1-2 oz/ton) rock in place at or near the surface and over 30,000 tons of lower grade rock (.05-.10 oz/ton) at or near the surface with much larger quantities at depth. Highest in-place gold values to date are 2.4 oz/ton, with many samples of moderate grade material at .03-.3 oz ton. The property is ready for more sampling to better estimate a resource. A trenching program would likely extend the surface resource, uncover additional vein structures, and generate targets for exploratory drilling.

View of Silver Cloud Claim area on mountain side from the Coors Mine

Coors Mine South Adit

Coors Mine North Shaft

Coors South Mine Dumps

The owner will sell outright for $200k cash or he will lease for $40k per your plus a 4% Net Smelter Return Royalty on all production.

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Coors Gold Mine #L1435

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