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Infrastructure

Turn-key gold mine with current permits, active reclamation bonds, and extensive infrastructure—including onsite placer and quartz processing mills. PG&E power on site.

Resources

Approximately 4 miles of un-mined, gold bearing gravel channels identified on the property. Geologists estimate gold resource potential of over 150,000 ounces.

Planning

Newly developed mining plan projects a total capital expenditure of $1.5 million to fund an operation to profitable production in year 2 and a target production rate of 10,000 oz/year.

Asset Details

1,700 acre land position with a combination of patented mineral rights and unpatented mining claims.

Accessibility

Located in Sierra County, CA with a paved, county-maintained road to the property; 2 1⁄2 hours to the Sacramento International Airport.

History

The Ruby Mine has a very rich history and is famous for its big gold nuggets: largest at 201oz; C.L. Best Collection almost 1,000oz of nuggets 3oz and larger. Part of the richest high-grade gold district in California, the Ruby has produced both coarse placer and specimen high-grade lode gold.