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Poverty Gulch First American |
Poverty Gulch #1 - #4 Price: PENDING
Do you want a placer mining project for a trommel? Then this is the project for you! The Poverty Gulch #1 - #4 and First American #1 & 2 placer mining claims are located 3.5 miles southeast of Gold Point, Nevada. Only serious buyers are to inquire and permission is required before sampling is performed. These claims were secured when the former claimant failed to properly file their annual paperwork. They had a Notice of Intent permit to sample the subsurface with heavy equipment and posted a reclamation bond to cover the reclamation. Their disturbances are open and available for sample The claims secure an auriferous Tertiary gravel deposit along the eastern portion of Slate Ridge, as well as the famous Poverty Gulch that drains these gravel deposits. The Tertiary gravels probably originated in the proto Sierra mountains and flowed from west to east as evident by the cornacopia of rock-types contained within the deposit. There are only bits and pieces of the Tertiary deposit left and every drainage down wash from it has yielded substantial gold (for an example, Tule Canyon south of Lida). In addition, Slate Ridge is well known for high grade lode gold and silver deposits, such as the Poker Game Mine and the Silver Princess Mine. The thickness of the Tertiary gravels are unknown, but likely a couple hundred feet thick. The deposit is intermixed with air fall ash and tuffaceous-rich sediments. The deposit contains abundant sand, gravel, pebbles and cobbles, some of which are as large as basket balls and larger. The sedimentary layers that contain the larger cobbles tend to be richer in gold. Poverty Gulch is a west-facing drainange on the north side of Slate Ridge. Abundant alluvial wash deposits fill the gulch and contain gold from the Tertiary gravels. An Esmeralda County Road extends up the wash, which not only provides easy access to the claims, buy also easy pickens from the windrows found along the roadside. Nuggets have been found in the windrows. Bedrock in the gulch are Tertiary volcanic deposits that is fractured and easily worked with a backhoe. There are some fractures and swales in the bedrock that make for good gold traps. There are several good locations for a processing plant within the gulch as well as on top of slate Ridge. These deposits contain excellent, economic gold. Typical results from a single grab bucket from material on bedrock are shown in the photos below. Most Poverty Gulch gold is sharp in shape and in the 90+% purity range. The gold ranges in size from fine-grained powder, to flakes and small pickers. Nuggets as large as recovering as much as a few grams per yard from selected spots and an ounce was recovered from six bobcat scoops from one sweet location. Hand prospecting in the bedrocks cracks aways reveals gold. No one has drilled the Tertiary deposits as of yet, but numerous bulk samples have been tested. Some of those tests go back to the 1950s and 1980s. The grade of gravels varies and some layers are richer and run between 20-30 yards per ounce, but the average about 40-50 yards. The material is a classic Tertiary channel probably from the proto Sierras and flowed from the west to the east. There are only bits and pieces of it left and every drainage down wash from it has yielded substantial gold (for an example, Tule Canyon south of Lida). There are exposed trenches where you can see the deposit layering and there is a canyon where the county road goes through. You can hand sample these areas and almost always get gold! We recommend a vibrating screen deck with trommel and sluice, in conjunction with recirculating ponds. Previous prospectors used drywashers with good success, but the volcanic ash in the deposit creates quite the dust storm. There is abundant black sand and a magnetic separator would make clean-ups easier. Water can be acquired either from Gold Point or other nearby wells, therefore, a water truck and plastic-lined ponds for recirculation would be necessary. These claims are situated on federal lands managed by the BLM. Esmeralda County is an ideal place to conduct a mining project as it has no permitting department. There are no special species or sensitive habitat issues on Slate Ridge or in Poverty Gulch. The BLM is easy to work with in this district and Notice of Intents are usually returned within 15-20 days and the paperwork for the Reclamation Bond takes about 2 weeks. Plans of Operations would required for any large operation. Weather is ideal and few people travel into this area. Please do not test these claims without permission. The walk back to town is not pleasant. We watch these claims very closely. Click here Google Earth Fly To and see an aerial photo of where the claims are located. Google map it for directions to the claim. The Location Notice for the Poverty Gulch #1 - #4 and First American #1 & 2 placer mining claims has been recorded at the Esmeralda County Recorder's Office (see registered number above) and the Bureau of Land Management. It is a non-patented federal mining claim. Fees are current and you will need to file appropriate paperwork to hold the property every year thereafter. Upon payment, the mineral claim will be transferred via a notarized Quitclaim notice filed in your name with Esmeralda County and the BLM. A $150 fee is assessed to handle the transfer. Advanced Geologic has an exceptional automatic claim notice filing system that will maintain your annual filings for any claim in the United States. Advanced Geologic reminds you that you MUST file annual notices with both the county in which the claim is located AND with the Bureau of Land Management by the appropriate dates. There are NO exceptions and errors will lead to the loss of your claim! Are your claims filed correctly? Advanced Geologic is a professional geologic consulting firm located in Chester, California. We not only sell quality mining claims, but we also help people work their claims. Our experience in resource evaluations, compliance and permitting and claim portfolio management allows our clients and buyers to go for the GOLD. Interested? Send us an email or call.
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