This is a serious mining venture, with vast potential.

This mine was recently on the market for $40,000,000.  The opening bid is now $4,500,000!

Here are excerpts from a recent geological report:

General Description:

This mine hosts a gold, silver, and copper-bearing shear zone deposit.  This deposit contains a quartz fissure vein that has been partially explored and developed over a period of roughly 100 years.  Most all past production has been confined to “hi-grade” zones, specifically ore shoots.  In the course of developing the ore shoots, considerable exposure has resulted of the host shear zone and lower grade portions of the fissure vein.  It is this exposure, together with previous development, that provides the foundation for evaluating the mine’s potential.  It is obvious from previous exploration efforts and evaluations that the Lower Davis-Dunkirk Mine has produced moderate quantities of ore, primarily from the “hi-grade” ore shoots, and that the potential for ore remaining in these shoots is high. 

In addition, the old data and current exposures all suggest that the potential for a bulk mining program may be significant.  The shear zone is continuous throughout the property, but has been subjected to transecting and cross faulting, resulting in potential structural implications……..which may be favorable ……….or just the opposite.  Exploration activities will be required to determine the implications of structural features at the mine.

Two types of targets contain potential for economic mineralization:

First, and historically the most important one, is a quartz-filled fissure vein occupying a broad shear zone.  Within the quartz fissure are structurally controlled ore shoots, containing the “hi-grade” gold values that have been the subject of past operations.

 A second target that can no longer be ignored is that of the entire shear zone itself.  This structure trends through the property in a NE direction for approximately 2300’, indicated by old workings and exposures both at surface and underground, and reconnaissance exploration. It is also evident that the shear zone has been exposed over a vertical depth of 500’ or more on the Lower Davis-Dunkirk Mine, and an additional 1000’ vertical feet to the top end of the Upper Davis-Dunkirk Mine, together with a lateral extension of some 3200’.  This certainly suggests both extensive lateral and vertical potential of the shear zone system.  In fact if one assumed an average width of 25’, a strike length of 5500’, a depth potential of 2000’, with 40% removed due to slope (topography) and previous mining, the total potential for mineralized material is then: 

            (5500 x 2000 x 25) x 60%/12/ft/ton = 13.75 million tons 

Of this amount, approximately 6 million tons could lie within the boundaries of the Lower Davis-Dunkirk Mine as a potential bulk mining target.  This is speculative at this point but not unrealistic to consider as part of any exploration program.

For more information and the full geological report on this exciting “prospect”, or to register to bid, please contact Joel at the upper right-hand link, or call 1-847-867-7518.

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