Montana Gold Mine Mining Claim MT Gems Adit Silver Shaft Log Cabin Remnants

Category Real Estate Land

Current price $7,275.00

Listing type Fixed Price Item

Location Boulder, Montana 596** US

Quantity sold 0

Quantity available 1

Bids 0

Seller scyros35 (19533)

Seller rating 99.6% positive feedback

Type Of Claim Lode

Featured Refinements Gold Mining Claim

Property Address Elkhorn, MT 59725

State/Province Montana

Seller State Of Residence California

Zip/Postal Code 59632

Zoning Mixed

City Elkhorn

Acreage 20.66

Type Unpatented Mining Claims

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Elkhorn Mining District
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The Keystone Number 20 mine at one time was one of the larger producers in the Elkhorn Minng District. It is composed of an adit with reportedly over 1,200-feet of workings and an old log cabin sitting on 20.66 acres of land at roughly 7,500’ in elevation. The mine workings were supposedly supported by square sets and stulls, but we were not able to verify that since the endurance to the mine is largely blocked due to several decades of natural erosion. However, we believe it would only take a few hours to reopen the entrance so you can access the workings. Production reportedly followed gold and silver-bearing calcite ore shoots between a hornstone hanging wall and dolomite footwall.
Production seems to have began around 1881 The reports so do not list how many workers were hired on - but there had to be at least a handful for the amount of work done here. The free milling ore was worked at a nearby 25-stamp mill while the lead ore was shipped to East Helena.
It looks like the mine was sold in 1911 and it was presumed that the new operators would rework the old dumps. However, no further records have been found on production numbers at this time.
You’ll find abundant timber nearby to assist with expanding the mine, and there is water nearby for processing - so all you need is time and some muscle. Plenty of parking near the mine, but not enough room to bring in a trailer or RV - and I would highly recommend 4 wheel drive only for access, as the road is rough in a few spots from travel during recent rain storms - the mud can be rough in a few spots when it is wet out or raining. Lots of tailings on site to work as well.
Mining began in the Elkhorn district with the discovery of silver in 1870. From that time, through the early twentieth century, the Elkhorn Mine, the most lucrative mine in the district, produced over 14.7 million ounces of silver, 20,000 ounces of gold, 14 million lbs. of lead, 2.8 million lbs. of zinc, and 148,000 lbs. of copper.
The Elkhorn mining district is historically referred to as a silver mining district; however, it has produced over 67,000 ounces of gold – 64 percent of all gold production has come from seven separate skarn occurrences scattered throughout the district, most of which are contained within Montana Mining’s Elkhorn Property.
(Samples that were pulled)
Beaverhead County, in the southwest corner of the State, had a recorded gold production of about 370,000 ounces through 1959, but early production records are incomplete and total output may be considerably larger. In 1862 the first major placer was discovered in Beaverhead County and it started a gold rush to Montana. Before 1900 production from placers probably was considerably larger than from lodes; however, from 1904 through 1958 the county produced about 116,350 ounces of lode gold and only about 14,800 ounces of placer gold.
* Quitclaim deed showing full ownership of the claim. This will be stamped, recorded and verified with the County and the BLM offices.
* Welcome packet with all of the rules and regulations as they relate to the State and BLM where the claim is located.
* Educational documents to annually renew your mining claim with the BLM.
* A CD of all of the documented images of the claim including maps of the site.
* Map of claim marked and GPS coordinates.
* Multiple maps showing claim location and surrounding areas for access.
Portable X-Ray Fluorescence field units (also known as XRF guns) are commonly used by large commercial mining operations, well-equipped/funded private prospectors and even the Environmental Protection Agency (EPA) as well as many other government agencies for the most accurate field sampling in the quickest amount of time. In no way do we advise that you base all of your commercial mining valuations on just one or two samples (regardless of how accurate the method that you use to sample is), but this extremely precise and versatile $40,000 device is equipped with powerful X-ray tubes, specialized filters, highly advanced detectors, and multi-beam optimization that efficiently analyzes the chemistry of the rock, soil, and sediment that hosts metals, for a quick and extremely accurate analysis of even trace levels of metals like silver, lead, gold, platinum, copper and many other elements.
Today’s highly sensitive XRF Handhelds (we use the best unit available on the market – an Olympus Delta Premium with a full mining package) work by emitting an x-ray beam with enough energy to displace the electrons in the inner shells of the atoms that differ from the energy it gives off leading to a loss of energy in that atom. The specific loss of energy identifies the elements that are present in the sample. While fire assay is still the most widely used way to gauge how much or a particular metal (like gold and silver) is present in a sample since it can test the entire sample, it is an expensive process and takes many weeks to get an answer. XRF technology is the fastest and most accepted method in existence today for sampling a few millimeters (or deeper depending on the type of host rock sampled) into the surface of even the hardest rock, and the accuracy is measured in 1 to 2 parts per million (PPM)
The Elkhorn mining district is in the Pioneer Mountains northwest of Comet Mountain at the headwaters and on the divide of Wise River and Grasshopper Creek and was also known as Coolidge Wise River District. The central group of claims is at an elevation of 7,000 to 8,000 feet above sea level about four miles northeast of Elkhorn Hot Springs on the west side of the East Fork of Wise River. A decade after the first gold strikes in southwestern Montana, several mining districts in the Pioneer range became major silver producers, but Elkhorn with all its activity and notoriety was not among them.
The geology of the Elkhorn district is taken primarily from Winchell (1914:168-159) who describes the country rock of the Elkhorn district as a porphyritic quartz monzonite with euhedral plagioclase, quartz, biotite, hornblende, magnetite, apatite, and pyrite. The Elkhorn district monzonite covers a large portion of the south end of the Pioneer range, extending south about eight miles to the Polaris mine, southwest about four miles to Grasshopper Creek and north and east to Hecla. In general, the ores of this district are of low grade, but the veins are large.
Within the Elkhorn district the monzonite is penetrated by dikes of aplite and pegmatite and by fissure veins containing copper ores in a quartzes gangue. In the southwestern part of the district the monzonite is intersected by narrow seams of quartz with pyrite carrying a little silver and copper. The veins contain chalcopyrite, galena, sphalerite, and chalcocite films on pyrite. In the oxide zones, the copper minerals include malachite, azurite, and native copper. Fissure veins in the central portion contain pyrite and chalcopyrite. Sooty copper glance is formed at water level at a depth of 150 to 250 feet. Also present are veins along aplitic intrusions containing argentiferous galena and tetrahedrite with bornite.
Montana has a rich mining history, and the state is ranked as the 7th largest producer of gold in the United States by the US Geological Survey. The first gold discoveries in Montana occurred in 1852, but it was the major strike on Grasshopper Creek in 1862 that brought gold seekers into the southwest corner of the state.
The famous Elkhorn mine is located nearby the claim that is currently for auction
The Elkhorn-Beaverhead (OLD ELKHORN MINE) was first discovered in the Elkhorn Mining District in 1873. Research indicated that it first started producing in 1900. Silver was the largest commodity found followed by Zinc and lead with the teritary metal being gold. Through evolution, it became part of the Boston Montana Group. There was one open adit with a discharge estimated at 150 GPM. The maximum contaminant level was exceeded for cadmium in the adit discharge. A portion of the discharge flows over and through waste rock, to a settling pond, prior to discharging into Elkhorn Creek. There are two seeps associated with this site. The observed releases to Elkhorn Creek, were documented for Copper and Zinc.
In the twentieth century, virtually all mining activity in the district was centered on the Elkhorn lode. The massive operation to develop the lode would turn out to be one of Montana's last and largest silver mining ventures. The development, operation and ultimate failure of the Elkhorn project is illustrative of the lures and pitfalls of many similar large-scale mining operations which have come and gone in Montana during the past century. In 1893, the Elkhorn shut down, along with the district's other mines, after the disastrous drop in silver prices that year. By 1903, silver prices had recovered to a point where it seemed feasible to revive the Elkhorn mine. Tom Judge found a rich vein of silver ore while doing prospecting work on the Elkhorn Ledge.
Large-scale development of the Elkhorn lode got underway in 1911. William R. Allen, former lieutenant governor of Montana turned mining entrepreneur, became interested in the property and devoted his efforts to developing the Elkhorn mines on a scale which dwarfed anything attempted in the area before or since.
He helped form the Boston-Montana Development Corporation in 1913 and became its president. The company was incorporated with $15,000,000 in capital stock. Allen spent $474,000 of his own funds to purchase the principal mining claims, including the Elkhorn, Blue-Eyed Annie, Park, Idanha, Central, Red Top, Mono, Boston, Crotto, Homestake, Washington, and Blue Jay, which he then sold to the new corporation. Eventually the corporation would acquire some 80 mining claims, covering 1600 acres.
The area is full of dirt roads, so a good map and a good GPS unit is a must, but we'll show you exactly where both claims are on the map as well as provide you with the precise latitude and longitude of each corner marker, so finding them will not be a problem for you.
All Pictures are of the actual property – no stock photographs were used
Mining claims are a tangible asset just like any other Real property (real estate) and show a lifetime proof of all interests in minerals in the area specified by the above claim. Once you own this claim and the associated mineral rights, you will own them for life as long as you keep up with the annual fees. This claim can be bought, sold, leased or used as collateral, just like any other piece of real estate.
A mining claim can be willed or passed down to future generations as part of a trust or your estate, or you can trade it, lease it out for a period or time (or indefinitely), gift it to a family member or friend and you can also transfer or sell just an interest in it in part or in its entirety just like any other real property using a quitclaim deed which is a recordable conveyance. In other words, you could sell a 25% or a 50% share in it if you wanted in order to bring on a partner in the future - or you could sell the entire claim in whole.
This Buy It Now is for full/all interest in this 20.66 acre lode mining claim (unless the acreage indicated in the above mine description is different). This claim covers the entire site, (unless the claim description above describes different measurements), and includes full rights to all minerals, gems and just about whatever else you may find of value on the property (except oil and gas, which are handled separately). The winner of this auction will receive a notarized quitclaim deed to the full claim and all associated documentation showing full ownership of the claim. We pay ALL fees associated with transferring this claim into your name - legal fees, title transfer fees, document fees, notary costs, recording fees and even shipping fees, so all you will pay is the final price of the auction, not a penny more.
In order to hold on to your claim for life, you will need to pay an annual maintenance fee to the Government (BLM, not us) every year. Currently the maintenance fee is $165 per year per claim that you own, and it is due on September 1st of every year.
NOTE that if you own fewer than 10 claims nationwide, we can assist you in filing the paperwork to waive the maintenance fee every year. That means you will only pay $15 per year for your maintenance fee instead of $165. We guarantee that all past fees have been paid in full and there are no outstanding debts or amounts owed on the claim prior to the transfer of ownership into your name.
The federal government retains ownership of the land - so this means that you will not have any annual real estate taxes due on your mining claim, and you will not have to maintain liability insurance in case someone gets injured on your claim due to no fault of your own.
First, we handle all the paperwork and costs associated with transferring this claim into your name should. But if you decide to sell this claim at some point in the future, interest in a properly recorded mining claim or site may be transferred (i.e sold) in part or its entirety. A quitclaim deed or recordable conveyance document is required and if you do sell your claim someday and the transfer documents should be filed within 60 days after the transfer.
We can and will help you with the paperwork for no cost should you need a hand selling your claim in the future if you pay all of the County, State and Federal fees (usually less than $40 to $60).
But again - with regard to transferring this claim initially into your name, we take care of all the paperwork at our expense. You do not have to worry about anything. we handle the BLM transfer documentation and the county recording.
Without an approved plan of operations, you have the same rights and restrictions as the public. If the area is open to camping to the public, then it is permissible. However, you need to check with the BLM Field Office or the local District Ranger for areas open to camping. Under Federal law in order to occupy the public lands under the mining laws for more than 14 calendar days in any 90 day period, a claimant must be involved in certain activities that (a) are reasonably incident; (b) constitute substantially regular work; (c) are reasonably calculated to lead to the extraction and beneficiation of minerals; (d) involve observable on-the-ground activity that can be verified; and (e) use appropriate equipment that is presently operable, subject to the need for reasonable assembly, maintenance, repair or fabrication of replacement parts. All five of these requirements must be met for occupancy to be permissible.
Although it is possible to build a permanent structure on a mining claim, it is extremely expensive and you will have to jump through way too many hoops to consider it easy to do. It would have to be in support of a commercial, year-round mining operation for starters, and you would need to post a large reclamation bond to insure that if you ever abandoned your claim, the bond would pay for the removal of the structure and the reclamation or the area. So in short, it is technically possible to build on your mining claim, but just be aware that it is very difficult and expensive to do - however, camping is almost always involved unless your claim is in a wilderness area, which is not very common at all.
In addition to handling all of the paperwork to transfer this claim into your name, as well as paying all of the fees so you do not have any costs, we also pay all of the costs associated with mailing the paperwork to you as well as to the County and Federal Government for recording and sending you back certified copies.
We will ship you a folder with all paperwork, claim coordinates, maps and information on your claim, including a CD-Rom with all of the pictures of your claim upon your payment in full clearing. We ship everything to you the same business day (if payment is received by 1:00 PM Pacific Standard Time) - and we will always provide you with the tracking information so you are always informed.
You initial claim packet that we mail has an unrecorded deed so that you can show ownership immediately after payment and be able to visit your claim. A second original deed goes to the County for recording the same day, and a third original deed goes to the BLM for certification as well. Both of those originals will be returned to you so you will wind up with several original deeds - but the County and BLM deeds can take 3 to 6 weeks to be returned to you, which is why we send you the initial original on day one.
Your payment of this eBay item in full gives you 100% ownership of this entire claim, with no other fees and/or other costs for the transfer of ownership required. This is NOT the down payment, this is NOT a partnership arrangement where someone else will own part of the claim with you, and there are NO other fees or costs for the transfer of this claim in your name.
eBay does not allow checkout on the eBay website for any Real Estate transactions - simply because it is not like selling a widget - the transfer of real estate is complicated and requires notary work, licensed professionals and recording. Note that this is eBay’s rules and not ours and it is the same for any mining claim seller on eBay
We also are not able to accept PayPal payments for mining claims, as claims are real estate and PayPal does not allow payments to be made on any real estate items, including single family homes, condos, mining claim or land purchases. We DO accept just about every other kind of payment method you can think of: Personal Checks, Business Checks, Cashier's Checks, Money Orders, Bank Wires, ACH payments, Direct Bank Deposit at any Bank of America Branch, Gold or Silver Bullion (at the day’s SPOT prices), etc. We will send you a secure link to handle the payment safely online if you prefer, and we can also take care of payment by mail or telephone, as we are a traditional Brick and Mortar business - so whichever method you prefer is perfectly fine with us.
We provide financing plans with no interest or fees. Financing terms are minimum of $500 down with the balance will due within 90-days via three equal monthly payments of the remaining balance after the down payment has been paid.
With all financing plans, we do not transfer the final deed into your name until the claim has been paid in full. In the event of a default on a payment plan, we do not refund your down payment - however, we do allow you to put that down payment towards any other purchase as a store credit in full. If you are financing a claim and there is less than 90 days until September 1st (i.e. from June 1st through September 1st), when the annual fee for mining claims is due to the Federal Government, we will add the $165 maintenance fee to your down payment and pay it to the BLM on your behalf thereby increasing your down payment to $665 instead of $500 - however, the $165 portion of the down payment does not go towards your principle balance since it is used to pay the annual fees to the government, therefore the actual down payment credit will still be $500. Approval for financing is automatic as long as you have a valid eBay account in good standing.

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