This is a very appealing offer. The owners are looking for $200,000 to begin gold mining in an historic mining area. Because they will be mining in a mining zone and away from the creek permits can be issued within weeks and mining can begin soon after that. The owners are willing to offer 50% of the gold recovered for the life of the project. Estimated payback time is within 12 mining months. Winter weather will force mining to pause for about 4 months per year because of freezing temperatures.

There is only about 2 - 3 feet of overburden and the pay gravels are from 5 to 30 feet deep. This ground has never been mined by machines and pay gravels will average $10 - $15 per yard with values running higher towards the bottom of the gravel bar.

The owners will be leasing much of the equipment such as a 120 trackhoe, 10 yard dump truck, 580 Case backhoe and will purchase other equipment like pumps and generator units.

They will be using 25 - 30 yph trommel wash plant and set up a gold room to recover fine gold using a gold screw and a magnetic shaker table. The property is known to have jewelry sized nuggets as well as fine gold.

If you are looking for a sweet little joint venture that offers a quick payback in gold or cash and pay outs for years to come, the Duke Mine JV may be just right for you.

To receive more information email us

and ask about the

Duke Mine JV #L630

fax (208) 265 5377