Oregon Gold Mine

Location 

The Lower Grandview Mine Property consists of 20 lode mining claims and one mill site claim located approximately six miles south of Unity, Oregon in the Wallowa-Whitman National Forest on the north slopes of Bullrun Mountain, between Shirts and Jobs Creeks.

 

Elevations vary from 5500 ft. to approximately 6200 ft. above sea level. The legal description is N/2 NE/4, Section 7 AND the SE/4 SE/4, Section 6, T1rS – R37E, Baker County, Oregon. The area has been famous as a high-grade underground gold producing region for decades. 

Baker County, Ore. was the center of the Eastern Oregon gold rush in the 1860s, and values from 25 to 70 ounces of gold per ton in the immediate region are common. This mountainous region experiences dry summers and wet winters with most of the precipitation in the form of snow, accumulating 12 – 24 inches per annum. 

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Temperatures range from near freezing in winter to 80F in the summer. Pine, fir, tamarack and mountain mahogany trees partially cover the hillside with sage brush and bunch grasses dominating the lower elevations along the foothills.  A nearby spring provides adequate domestic water.  Water necessary for mining and milling operations is provided by the nearby and abundant creeks. 

Potential Gold Recovery

The potential output of the Grandview mine is truly astounding.

Various studies commissioned by Midwest Mining and Sigma Technology over the course of many years have concluded that Grandview Mine has the potential to be a HIGHLY profitable precious metal mining operation. All permits are in place with recovery problems resolved and both reclamation and exploration completed.

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In February of 1995 by Charles Ross, Professional Geologist, estimated 482,143 tons X 0.5 opt = 241,171 contained ounces of gold. A 90 percent recovery rate could be attained, according to Mr. Ross by fine-tuning the milling operations. Based upon the current price of gold (1200 / ounce mined with a 90% recovery rate) and estimated costs of slope mining (mining cost per ounce of $85, process cost per ounce mined of $40), the potential gross profit is $1,075/oz mined, or approximately $259,258,825.

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In another geological survey performed by John J. Oberling in December, 1995, random samples evidenced gold values to vary from .1 oz to over 70 oz. per ton. Mr. Oberling stated in his report that this estimate is “conservative and probably will average higher.” The veins were traced 1500 feet along the surface and vertically over 1200 feet with the width of the veins averaging mineralization of 1.5 feet. Using this information, Mr. Oberling’s report estimated underground reserves at 652,000 tons. During mining, “it is assumed that other veins will be encountered . . .that will add to the tonnage.” Approximately 80,000 tons of open pit ore is also available on the top of the No.1 Tunnel outcrop and in the vicinity of the No. 3 Adit. At an average of 0.50 oz. gold per ton, this would result in 366,000 ounces of gold. Using the estimate of $1200 per oz., the reserves would bring in gross revenue of approximately $440 million.

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Seller as NO debt and no underlying royalty or net smelter agreements. A buyer's cash flow is FREE CASH FLOW! 

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No investment is without risk, however, given the independent analysis of the reserves, production, and potential of the Grandview Mine, it is an investment that could pay an astute investor considerable dividends.

Contact 

Chad M. Gordon, Broker / Attorney at Law

The Gordon Professional Group, Inc. 

714 W. Olympic Blvd., Suite #400

Los Angeles, CA 90015

(562) 743 - 7137 

chadgordonesq@gmail.com