$SPAH
|
PROSPECTS: Outstanding In all regional stream gravels you can find placer gold and platinum Along every mile of the Salmon River in Siskiyou County placer gold is found. Almost every type of placer mining has been used on the river - Both the north and south forks are highly productive - This is one of the richest river systems in America.
SITUATED IN THE MIDST OF SOME OF THE MOST RENOWNED HIGH-GRADE GOLD SOURCES IN AMERICA Black Bear Mine - most noted and largest quartz producer in Siskiyou County disc. 1860 - 3.1M @ $20 an oz. Below, are only a few examples of gold recovery documentation / notoriety, in this well known area. Known as; "THE RICHEST LITTLE RIVER IN AMERICA"
Below, are a few examples of gold recovery documentation / notoriety, in this well renowned gold-rich region; An estimate of the total potential resource from historical data is 1.23 million ounces of gold, representing $1.15 billion at $935 per ounce. That estimate is derived by attributing 1) half of the 2 million ounces from placer production to erosion from Eddy Gulch, 2) adding the reported placer production of 150,000 ounces, and 3) reported lode production of 81,352 ounces from mines at Eddy Gulch.
The following table shows historical lode production from the properties valued at a gold price of approximately $935 per ounce. Historic lode production would be valued today at over $76 million. The production data shown below is from California State Mineralogist's reports and numerous private geologic reports.
Gold Production
In the 1850s, placer mines in Eddy Gulch produced 150,000 ounces of gold. The source of the placer gold was the series of lode deposits that strike across the head of Eddy Gulch, the principal one being the structure now covered by the Eddy Gulch Group of claims. The Mountain Laurel Mine and the Klamath Mine, the greatest producers in Eddy Gulch, were discovered in 1862, and the Union Mine about the same time. The Anna Johnson Mine was discovered in 1895.
The 1925 California State Mineralogist's report states that the placer mines in the North Fork of the Salmon River from Sawyers Bar (Eddy Gulch) to Forks of Salmon, produced about 2 million ounces of gold.
Source: http://www.theclaimpost.com/GRAHAMGULCHPMC.html
|
