GOVERNOR GOLD MINE
FOR SALE
LOCATION
NORTH LOS ANGELES COUNTY
52 MILES FROM LOS ANGELES
LAND DETAILS
LAND SIZE: 93.7 ACRES
PATENTED MINING CLAIM
PATENTED MINING CLAIM
Federal Government passes title to claimant, making it private land
Owner may mine and remove minerals without a mineral patent
You own the land as well as the minerals! Title Report proves this
HISTORIC DATA
Owned by Governor Henry T. Gage until 1942
Sold at an auction in 1950, no exploration occurred since 1942
Average vein width of 7 ft. and varies up to 24 ft.
Adjacent ore bodies are present and have not been explored
HISTORIC MINE INFO
30 miles of tunnels
Main vertical shaft reached 1,000 ft.
Most extensive mine workings in LA
Today, mine entrances are sealed
SHUT DOWN
(1942) President Franklin D. Roosevelt ordered a halt to gold mining
Governor Mine was not depleted and still contains a fortune of gold
PRODUCTION
The mine extracted 10 grams of gold per ton of dirt (1940)
Three times the yield of any other gold mine in Los Angeles County
Produced 150,000 tons of ore rock
Yield valued at more than $1.5 million (between 1880-1942)
ACTIVE YEARS
The mine was worked on for 25 years total; (15 years) from 1882-1897
and then (10 years) from 1932-1942
The mine was inactive for a total of 107 years since its discovery;
(35 years) from 1897-1932 and (72 years) from 1942-2014
ARCHIVE DATA
MINE DATA
Ore contains quartz with native gold and a small % of iron sulfide
The quartz-vein complex was reported to consist of a single thick vein
Gold and Silver are the primary metals contained in the ore
Undiscovered adjacent ore bodies, similar to the main vein complex
exploited at the Governor Mine, are still present.
WESTERN MINING HISTORY
http://westernmininghistory.com/mine_detail/10310624
NEARBY GOLD MINES
GOLD PRICE
MINING GEOLOGISTS
Reclamation plan could take 18 months. Permitting could take 2-3 years.
The average cost of underground mining is under $500 per oz.
To be an economic today, production can be 1gram of gold per ton of dirt
Apex Rule may apply to this gold mine.
APEX RULE
Mineral law of the United States Government.
Owner can exploit the vein of gold outside the boundaries of his/her land
AEROMAGNETIC MAP
Golden Queen Mine
Governor Mine
PHASES
Geologist report: feasibility & gold reserve rough estimate
Mapping & Multiple Drill Samples
Permitting
Gold extraction!
CONCLUSION
Professional exploration has not been pursued in over 70 years
Historic and Archive data proves that gold reserves are still present
Governor Gold Mines reserves were never depleted
Modern technology has drastically improved mine efficiency