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Nevada Gold Mine For Sale — Nick Mine Placer Gold

Click here for a PDF summary of the Nick Mine

Historical past producer with placer and hard rock potentiNick Nevada Gold Mineal
-Fully permitted for placer mining
-Minimal work required to be turn-key ready for production
-Approximately 660 acres consisting of alluvial drainage and mountainous terrain
-Fully permitted wash plant on site
-Two water wells with a total allocation of over 132 million gallons of process water annually
-Heavy equipment on-site available for additional purchase if required
Available for outright purchase $17,500,000 Contact David Pennington at U.S. Mineral Development (david@usmineral.net) for more information.

Location: The Nick Mine is located approximately 10 miles south of the Dun Glen exit off of U.S. Highway 80 Exit 151 in Pershing County, Nevada. The Property has good access and is approximately 30 minutes from Winnemucca, NV and 2.5 hours from Reno, NV. The Nick Mine consists of approximately 660 acres of unpatented mining claims, all of which are in good standing.

GNick Nevada Gold Mine Geologyeology: The geographical area is renowned for rich placer deposits. Very little historical geological data on the site has been found, which can be credited to the early Chinese who mined this area. They purposely withheld production information from the public and the government to protect their claims. It is believed that with further exploration and data compilation, the Nick could show proven values comparable with other large Nevada lode deposits. It is located within the Humboldt drainage basin, which is the second largest gold producing area in the world. The Nick is unique in that is has a large area with known placer gold, and approximately 1800 lf. of existing underground drifts with numerous raise and winze sections which indicate apparent high grade ore sections. Approximately four miles of a mineral bearing fault structure has been identified and located throughout the claim. Based on the visual observation of the underground workings, it can be assumed that the fault structure will have a similar gold bearing material.

Site Specific Geology:Nick Nevada Gold  A unique and significant geologic characteristic of this mining property is that it contains both auriferous gravel channels (placer gold) as well as numerous quartz veins with high grade ore shoots. Based on survey and sampling indications found in the underground workings there appears to have been extensive geologic work performed by previous operators. The geographical area is renowned for rich placer deposits. The Property is ideally positioned for such a deposit. It sits in a large draw with numerous weathered gold-bearing quartz veins located in the hillsides above. There are two other commercial placer mines currently in large scale operations working in a smaller gulch approximately three miles to the north. Due to the extensive size and depth of the several quartz veins located on the property, the lode potential of the Property may be significantly greater than the placer gold in the channels. This placer gold came from the erosion of the veins and most of the lode gold remains in place in the mountain.

Nick Nevada Gold MineSurface Development: Existing surface improvements on the Property include a two acre millsite area with a fully equipped 400 yard per hour placer recovery circuit, 50,000 gallon water storage tank,three recirculation ponds, an on-site water well, and a tool and parts inventory storage house. The site has a good access road as well as on site work roads with MSHA mandated safety berms. Also on-site is a 1000 square foot, two bedroom house in good condition ideally suited for housing a security person, mine office, communications center and operations headquarters. The estimated value of these improvements is $1M.

Subsurface Development: Subsurface development on the Property is evidenced by at least 7 known adits at different levels on the mountain. The two maiNick Nevada Gold Mine aditn drifts are fully accessible, in good condition and connected by several stopes providing natural ventilation. These parallel (upper and lower) adits are approximately 10’ x 8’ and capable of access with rubber tired LHDs. The upper drift is approximately 800’ in length and run along the strike of an 8’to 15’ wide vein. The lower drift is approximately 1000’ in length and is 30’ below the upper. It produces a small amount of ground water which is gravity fed from the portal for use in the milling operations. Current contract mining prices on running underground drift are around $600 per foot of completed drift. Based on this cost it is estimated that the present day development cost of the current workings is approximately $1M.

Water Rights: The Nick Mine has current water rights in the amount of approximately 132 million gallons annually.

Operations: A separate operating company will be included with the purchase. This company can be run by an outside consultant familiar with the project if the buyer so chooses. An investment in both operating and equipment capital will be required prior to the start of operations. A detailed proforma is available upon request.

Terms: The owner will look at all offers from qualified buyers. Proof of funds will be required with all offers. Any potential buyer wanting an exclusivity period will be required to place a non-refundable deposit in escrow. The principals are not interested in any “hypothecations”, earn-ins or stock. We have positioned this property for the serious qualified investor willing to purchase the property outright and start production immediately.

Mine Tour: A mine tour can be scheduled at the Nick for qualified buyers with a 5 day notice. Contact David Pennington at U.S. Mineral Development (david@usmineral.net) for more information.
Click here for a PDF summary of the Nick Mine

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