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Gold Mines For Sale

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Mining Equipment, Mining Properties, Gold Mines & Gold Panning by BC Gold, British Columbia, Canada

Mining Equipment, Mining Properties, Lode Gold and Placer Mining by BC Gold, British Columbia, Canada

BC Gold - Mining Properties for Sale
Okanagan/Similkameen
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Drive-to placer gold/platinum claim on the Similkameen, gravel benches for mining and crown land for camping
 Ad #:161
 Market Status: Unsold/Available
 Listing Type: For Sale
 Price: $2,500
 Category:Gold claims and placer mines for sale
 Locality:Okanagan/Similkameen
Description

SIMILKAMEEN BENCH Gold Platinum Placer Claim for Sale $2500

-Over half a kilometer of gravel frontage on each side of the Similkameen River with 2 year round roads: Old Hedley Road and Crowsnest Highway 3 for easy access with any vehicle or RV.

-50% of the claim is underlain by crown land, numerous camp site options

-Large workable gravel benches steps from car parking

-Nuggets up to 160 grams. Gold to platinum ratio of 4:1 in this stretch. Gold and platinum occurs in flour, fines, grains and nuggets.

21 hectares / 51.89 acres. BC placer tenure 1050082. From the town of Princeton, British Columbia, proceed 5.5 km east on Old Hedley Road, directly to the site. Access to the south side of the river is via Crowsnest Highway 3. Park roadside to access site. Claim centre is at latitude  49.460280° longitude -120.416850°.

From Minfile 092HSE233: Placer deposits have been worked at intervals for some 48 kilometres along the river. Most recorded production and exploration has occurred along a stretch extending upstream from Princeton for 14 kilometres and continuing downstream past Princeton for 8 kilometres. (The subject property is favourably situated within this stretch.)

The alluvial gravels worked along the river yielded black sands containing fine platinum, in addition to gold. The ratio of gold to platinum recovered from these gravels is 4:1 (GSC Memoir 243, page 59). Gold is reported to occur as "coarse scales", mixed with a considerable proportion of platinum in similar- sized particles, at one point 5.5 kilometres above Princeton (GSC Report of Progress 1877-1878, page 156B). One of the larger gold nuggets found on the river weighed 160 grams (Minister of Mines Annual Report 1885, page 495). Precious metals in the gravels below Princeton occur in local, patchy concentrations, making them largely uneconomic for the early placer miners. One of the richer deposits occurred in an elevated bench at Princeton, and consisted of 1.5 to 1.8 metres of cemented gravel on a sand bed. Gravels tested on a bench 5 metres above the river, just below Princeton, averaged 1.83 grams of gold and 0.12 gram of platinum per cubic metre (GSC Economic Geology Report No. 13, page 94). Farther downstream, a hole drilled to 9 metres depth averaged 1.43 grams per cubic metre of gold equivalent for combined gold and platinum (Western Miner, November, 1948). Several shafts, 1.8 to 2.7 metres deep, sunk on a gravel bench near Bromley Creek, gave "colours" of gold and platinum. Higher values were found at bedrock in this bench (Minister of Mines Annual Report 1926, page 233).

Gold was first discovered on the Similkameen River below Princeton in 1853. The river was extensively worked, largely by individual placer miners, over a 40-kilometre stretch, between 1860 and 1900. One operation in particular, 6.5 kilometres upstream from Princeton, mined 600 cubic metres of gravel in 1895, containing 1.2 grams of gold per cubic metre and a considerable amount of platinum (Minister of Mines Annual Report 1895, page 708). Since 1900, only minor production has been recorded, largely from dredging operations in the vicinity of Princeton. One dredge operated by A.R. Watkins and Sons, 3 kilometres south of Princeton, produced 1400 grams of gold over a two month period in 1941 (Minister of Mines Annual Report 1949, page 228). Shortly afterwards, Cam Roy Mining produced 4320 grams of gold and 824 grams of platinum from about 6000 cubic metres of gravel at the same location in 1941 (Minister of Mines Annual Report 1949, page 228). Atkinson Dredging Company Ltd. also operated a dragline dredge on the Similkameen River between 1947 and 1950. The dredge first mined a 1.6-kilometre stretch, 1.5 kilometres south of Princeton, during 1947 and 1948. Subsequent dredging was conducted on a section beginning 300 metres east of the confluence with the Tulameen River and continuing east for 5 kilometres, between 1948 and 1950. This operation recovered 50,045 grams of gold, 6221 grams of silver and 10,637 grams of platinum from 433,932 cubic metres in 1948 and 1949 (Minister of Mines Annual Report 1949, page 229). No production has been recorded since the ceasing of dredging operations in 1950. Total gold production between 1885 and 1950 is estimated at 229,200 grams. Recorded platinum and silver production is 14,900 and 6200 grams respectively.

Warning - This property is offered for mining purposes only and ownership of the title to it does not include ownership of the surface rights or the right to use the surface for residential or recreational purposes.

Asking $2,500 for 100%

 

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