16270 California Mine Rd
16270 California Mine Rd | Drytown, CA 95699, US
property
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property
description
The owner estimates a 14 year mine life a geologist reports grades of .25 to .5 ounce of gold per ton of ore and total resources in the order of 300 ton 300 oz exact figure to be verified all mineral rights are included there are no royalty agreements power is supplied by a new $60, 000 generator grid power could be brought in but is inexpensive and quoted around 125, 000 water is pumped from the mine and recycled through two 5000 gallon tanks the water does not leave the property it is a closed loop system the mine was built about 130 years ago as a drainage tunnel to remove water from nearby mines is not actively mined for gold there's no record of significant past gold production as the mine's history is mainly as a drainage infrastructure 4 logs from 1993 exist in a drilling company provided A mining strategy to be supplied. The current processing plant can handle 7 to 25 tons of ore in a 12 hour period they currently plan to run around 10 tons in 12 hours
location
description
Seaton mine is a 130-year-old gold mine originally built to drain water from neighboring mines but has no water problem as it uses a recycling filter system and is believed to be positioned on the motherlode. At full production it is speculated that it could be mined for about 14 years. Key highlights is that the mine has five patented shafts dry workings no dewatering costs and leverages and inexpensive sand based water filtration system owned land with mineral rights and a modern generator for power.