Gold Mines For Sale

Cherry Gulch

Cherry Gulch Mine

The Cherry Gulch Mine mining claim consists of one (1) unpatented lode claim covering 20.66 acres on federal land managed by the U.S. Bureau of Land Management.  The claims cover a former producing gold-silver mine in the Granite Mining District in White Pine County, Nevada.

The claim has one shaft with some good tailings.  However – I was on a tight schedule and did not make it to the shaft and didn’t get very good pictures of this claim.   The samples (see pics) are not of the vein – but altered quartzite / quartz that is peripheral to the vein system.  The rocks are loaded with epidote and other chloritized rocks – which is indicative of the alteration zones surrounding major ore bodies.  The rocks show vuggy disintegration of the carbonates which shows that some weathering is taking place.

The gulch is surrounded by high grade mines and should be a good spot for metal detecting.

Cherry Gulch Mine is southeast of Telegraph Peak and Telegraph Canyon.  Telegraph Canyon was the site of one of the first mining booms in Nevada (during the Civil War).

Historical records of the district mention that sorted ore from the gold bearing veins ran as high as 4 ounces per ton gold.   The nearby Steptoe Mine had grades of 0.7 opt gold and 28 opt silver.

White Pine County was the site of two spectacular historical mining booms:  The Ruth-Ely boom and the Treasure Hill boom.  The Robinson Mine near Ely is one of the largest copper mines in the United States and has produced over 4.5 billion pounds of copper.  Treasure Hill was a high grade silver district with grades as high as 4,000 ounces silver per ton.  The northern part of White Pine County has some very large gold deposits including Bald Mountain and Alligator Ridge operated by major mining companies.

Location and Access: From Ely, Nevada drive 28 miles north on Highway 93.  Turn left on County Access Road by Alfalfa Express Farm.  Drive 2.5 miles to Telegraph Peak Road.  The claim is 2.4 miles from the base of Telegraph Peak.  The claim can be accessed by either the west or the east.  The SW corner of the claim is on the trail.

GPS Coordinates:  Lat: 39.668699° Long: -114.892615° (Cherry Gulch Mine Shaft).

Mining and Exploration Potential:  The exciting part of this mine is that it is very close to one of the big, early mining booms in Nevada with some spectacular grades (Egan Range).

There is a 900 foot long trench exploring the vein at Cherry Gulch.  Two large adits and one small prospect adit are still in good condition.   There is excellent alteration found throughout the claim.

Sampling this trench and the outcropping vein material should be a high priority and might be an easy win here.

The volcanic intrusive to the east is the likely source of the mineralization and is related to dozens of mines nearby.

The volcanic intrusives in White Pine County have been very productive – creating both large copper and large gold deposits.  The Cherry Gulch Mine is at the margin of this intrusive – where the good stuff is usually hiding.

There are multiple unmapped shear zones which are the most productive structures.  Finding and exploring these structures is a good first step.  Also – sampling the existing workings and tailings.

The exploration plan here would be to explore the faults and intrusive contact with both geochemical sampling and geophysics.

There is lots to explore in this overlooked district.  Many of the features on not on the maps and the miners from the 1930’s found some interesting veins that were never developed (WW2 and the shift to open pit mining).

The Cherry Gulch Mine has the potential for a small mining operation as well as a larger exploration opportunity.

The Granite District is located on the east slope of the Egan Range in the northern part of the mountains.  The Granite District was actively mined from 1960 to 1969 and still has exploration interest today.

The rich strike at Treasure Hill (1,000 ounce per ton silver chloride ores) in 1865 created lots of interest in the surrounding areas.  Treasure Hill was one of the most famous mining rushes of the 19th Century due to extremely high grade and near surface silver chloride ores.  The Robinson (Ruth) District near Ely was also a major find in terms of copper and is currently one of the largest copper mines in the United States.

Prospectors made the first discoveries in the northern part of the Egan Range at Telegraph Canyon.  A 2-stamp mill was operating in 1875.  More discoveries followed including the Ben Hur vein, the Cuba, Stinson, and others.   A 5-stamp mill was built to process these ores and probably operated until the 1940’s.

The Granite District had a long production life although the efforts were mostly focused on high grade veins outcropping the surface.

The largest producer of the Granite District was the Cuba Mine which was primarily a silver mine.

There has also been some placer gold production in the washes and canyons.

The Cherry Creek District to the north produced about 5 million ounces of silver and 30,000 ounces of gold at grades of about 1 ounce per ton gold equivalent.

 Regional Geology:  The Cherry Gulch Mine is located within the Basin and Range physiographic province.  The Basin and Range province covers most of Nevada and consists of narrow NE trending mountain ranges between flat, arid valleys and basins.

Most of White Pine County was part of the miogeosyncline during the Precambrian to Triassic Eras (+500 mya to 250 mya).  Miogeosynclines are the passive margin of continents that accumulate sediments – which then become lithified.  Most of the strata in White Pine County consists of quartzite (metamorphosed sandstone) at the deeper layers with dolomite and limestones on top (younger rocks).   There are no rocks from Jurassic to Early Tertiary – when more accumulation takes place.  Tertiary volcanics intrude the older metasediments throughout the county.  Some of these intrusives are associated with the large gold and copper deposits found in the county.   Structurally, the county consists of a series of north-south trending mountain ranges bounded by faults.

Local Geology:  The Granite District covers the eastern part of the Egan Range and is composed of the quartzite, shale and limestone strata.  In the northern part of the Egan Range (0.8 miles east of the claim) is a porphyritic granite intrusive that is the likely source of the mineralization.

The volcanic intrusive near the Cherry Gulch Mine is about 4 miles long in north-south direction and 2.5 miles wide in east-west direction.   The intrusives in White Pine County are associated with some very large deposits including the Robinson Copper Mine (4.5 billion lbs of copper) and the Bald Mountain Gold Mine (largest gold mining complex in Nevada).

The ore bodies are of two types:  1) gold bearing quartz found in fissures and faults; and 2) silver-lead-zinc replacement bodies found in limestone.   Both deposit types are found in the Cherry Gulch Mine and surrounding area.

The vein material is heavily altered quartzite with rusty veinlets, ex-sulphides, and carbon staining.

The Cherry Gulch Mine is 1,000 feet east of the volcanic intrusive.  The shaft and workings may be exploring either the volcanic / carbonate contact or a shear zone.

There is a large amount of green, chloritized rocks surrounding the workings (see sample pics).  This may be an indication of larger gold mineralized system.

Available Reports:

Hose, R.K., Blake, M.C., and Smith, R.M., ‘Geology and Mineral Resources of White Pine County, Nevada’, Bulletin 85, Nevada Bureau of Mines and Geology, 1976.

Jackson, W.T., ‘Treasure Hill, Portrait of a Silver Mining Camp’, University of Nevada Press, 1969.

Patera, A., ‘The Rush to White Pine’, Collecting the Paper Trail Series, 1988.

Schrader, F.C., ‘Cherry Creek (Egan Canyon) Mining District, White Pine County, Nevada’, University of Nevada Bulletin 25, 1931.

Smith, R.M., Cuba Mine Memo Report, Nevada Bureau of Mines and Geology, 1981.

Tingley, J.V., Rainy Day Mine Memo Report, Nevada Bureau of Mines and Geology, 1981.

FAQ

Why Nevada?

Nevada is consistently ranked as one of the top mining jurisdictions in the world for being mining-friendly and continuing to produce major discoveries.  If Nevada was a country it would be the 5th largest gold producer in the world (after Australia, Canada, China, and Russia).  Nevada is home to the Carlin Trend, the Cortez Trend, the Walker Lane Trend, the Getchell Trend and many other prolific gold producing regions.  In addition to gold Nevada also has major mines producing silver, copper, lithium, iron ore, magnesium, gems and many other materials.   Nevada is 85% owned by the federal government and most of this land is available for claim staking.  This means some of the best mining ground in the world is open to small prospectors – a very unique situation.   There are many mining companies active in Nevada and therefore, multiple potential buyers for any discovery you make.  Canadian based junior exploration companies are particularly active in Nevada.

 Why Buy a Claim?

Buying a claim is a great way to get started in mining and prospecting.  Buying a claim that is professionally staked reduces your upfront work and the risk of making a mistake on your paperwork or in the field.  Our claims are in areas with historical mining activity and most have numerous pits, shafts, and adits to explore.  Finding these claims takes lots of research that is already done for you.  The best place to find gold is where people have already found it!

Why Us?

I have been working in exploration in the southwestern United States and Alaska for 19 years.  I have co-founded four junior mining companies and managed numerous drilling and exploration projects.  I have worked with large and small mining companies and know what types of projects they are looking for that can be advanced by small prospectors.  I have also worked on small hardrock production projects.  I usually try to find claims that have known high grade veins that can be produced and that also have some exploration upside.  We stand by our claims and fix any problems that come up.  We can also help you with your annual filings.  All our claims have a BLM serial number and can be found on the U.S. BLM MLRS website database.   We hire the same professional claim staking companies that the large mining companies hire and all the claims have professionally drafted and accurate maps.

How is ownership of the claim transferred?

Ownership of mining claims is transferred with a Quit Claim Deed which we prepare.  We pay all claim transfer fees and file the claim transfer paperwork with the BLM and White Pine County.  The BLM takes about 2-3 weeks to process the claim transfer (Quit Claim) and register the claim in your name.  The White Pine County Recorder usually take 1-2 weeks to return the recorded Quit Claim Deed.  Once the transfer is complete we will send you all the original documents including the file stamped Quit Claim Deed, the original location notices and claim maps.

How Much are the Annual Claim Fees?

The BLM charges a $165 per claim annual maintenance fee which is due on September 1st each year.  The BLM fees can be paid online through their claim management portal.  White Pine County requires that a Notice of Intent to Hold form is filed the first year by Nov 1st along with payment of the recording fee of $12 plus $12 per claim.

If you own less than 10 mining claims you can qualify for a waiver of the annual maintenance fee by filing a Small Miner’s Waiver.  However, the Small Miner’s Waiver requires that you perform $100 in labor or improvements on the claim each year.

Claim fees for the 2022-23 assessment year have been paid.

International Buyers

International buyers must either have dual US citizenship and US address or have a US entity or company to own the claim.