Bonanza King Mine for sale

Old mine since 1868.

During the 1890's when the Bonanza King Mine was operating gold was $20 an ounce, and low grade pockets of ore were routinely deposited at the mine site unprocessed. When the mine ceased operations in 1910 due to high sulfide concentrations not compatible with the stamp mill technology of that time period, the low grade unprocessed ore deposits left at the mine site had accumulated to about 13,000 tons.

Included with this report is an assay of the 13,000 tons taken in 2025. Rather than providing a rough estimate of probable values of all 62 elements only gold and silver will be measured here.

The gold assay shows 4.14 grams per ton. To determine a dollar value per ton we will use a gold price of $4,500 an ounce. There are 31.5 grams in one troy ounce of gold. $4,500/31.5 grams equals $143 a gram. Multiplied by 4.14 grams equals $592 in one ton. Multiplied by 13,000 tons equals $7,696,000.

The silver assay shows 18.22 grams per ton. With silver at $70 an ounce the same equation gives us $494,000.

The total estimated gold silver value in the 13,000 tons is $8,190,000 which is the assumed value of only two of the 62 elements in the assay report.

The owner is willing to move the 13,000 tons to a 40 acre parcel which is only 5 miles from the mine site for a purchase packaged plan. The 40 acres is zoned for a reduction mill.

The mine owner will take free trading shares from a public company to close an agreement.

Email contact
bonanzaking555@gmail.com