California Gold Mine "For Sale" Cherry Hill Mine

California Gold Mine "For Sale" Cherry Hill Mine

There’s Gold In Them Hills!

The Right Time for an Informed Investor!
CALIFORNIA GOLD MINE “ For Sale “
___Cherry Hill Mine___

The Cherry Hill Mine: Established in 1892, a formerly producing, small underground high-grade gold mine. One of the benefits of purchasing a past-producing mine is that the cost of moving into production is much lower than the cost of bringing a mine from the exploration phase to the production phase.

Location: When thinking of mines you tend to visualize a hard-to-reach, remote, backcountry hillsides that require vast amounts of money to ensure adequate infrastructure. That isn’t the case with Cherry Hill. Because Cherry Hill is a formerly producing mine, all the infrastructure is already there. That means you have a leg up on some of the costs involved with getting the mine up and running. The mine is just a short ride from the town of Yreka, California, down a state-operated, paved road that turns into a well-maintained gravel road. It’s easy to get to and has great access to the I-5, a major artery running north-south along the West Coast. It also means that when you do ramp up production, the heavy-duty trucks won’t have much of an issue getting the ore from the mine to the mill.

Historical Geological Reports: 1892 0.97 oz Au/ton with Ore running at
$20.00 Au/ton (Yreka Journal, 11/16/1892). In 1892 100 tons
milled by Selby avg. $61.00/ton (3oz Au equivalent/ton) (Yreka Journal 12/7/1892). On July 24th 1900 the mill run produced $5,300. (254.4 oz Au; 10.7 oz/day; 10 tons/day at 1 oz Au/ton Mining and Scientific Press 7/14/1900). 2003 Core Drilling produced 25′ of 1.024 oz Au/ton – 30′ of 4.758 oz Au/ton and 39.5 oz Ag/ton. Historical Resource Estimate by R. L Hill, CA Reg.Geologist #3386, Jan 5, 2009.
Primary Target – Queen Vein WQ #3 and WQ #4 levels at 8889 yrds³ = 20,000 short tons at 1 opt at $1200 worth $24,000,000.

Level 2 – WQ #4 to Camp Level at 9778 yrds³ = 22,000 short tons at 1 opt at $1,200 worth
$26,400,000. Camp Level to Long Tunnel Adit approx 300,000 oz…previous owner estimation.
42,000 tons blocked out – based on established mine plan. 43-101 independent Technical Report completed May 22nd, 2012. Between 2011 – 2013 approx $2.6 million spent on exploration and development mining (all figures verified by audit).

Low cost producer – estimated cost per oz Au at $400.
Metallurgy testing (Norris Labs of Montana) indicates 95% recoveries for
gold and 87% for silver. 80% of recoverable ore from gravity. Eight known adits on 7 unpatented lode claims situated on 94.6 Acres. Multiple assays completed with underground surveys. Defining a resource is a big expense for exploration companies, costing millions of dollars to complete. In purchasing a previously producing mine, You will have forgone the costly resource definition process because, “this was all done, we know what’s here, so just go mine it!”

Price $1,295,000 – Will consider all reasonable offers
For the opportunity to discuss the mines in further detail, please contact:

Philip Physioc
psp112005@yahoo.com or (702) 822-0237