MINES FOR SALE

THE GOLD BASIN PLACER MINE

FULLY PERMITTED AND BONDED. BASIC INFRASTRUCTURE IN PLACE, SOME EQUIPMENT PROVIDED, NEAR TURN KEY MINE READY TO OPERATE.

MINERAL RESERVES: $1.27 Billion at $1,800 per ounce gold

CASH FLOW: The initial operting permit is for 50 yds per hour. The long term plan is to expand the operation downriver and increase production capacity to up to 250 yards per hour.

“The Gold Basin Placer Project is viewed as one of the best placer projects in Arizona, from the standpoint of proven reserves through exhaustive testing, ore tenor, location and logistics, water availability and year around climate.”

LOCATION:  The Gold Basin claims are located on 332 acres in central Arizona, within the Hassayampa River Basin, some 20 miles south of Prescott and one mile north of Wilhoit at an elevation of 4,100 feet.  The claims are near paved Arizona State Highway 89 and fully accessible using an unpaved forest service road to the site.

MINERAL RESERVE REPORTING STANDARDS: There are currently multiple and conflicting standards worldwide for the reporting of mineral reserves. Following a major stock fraud, Canada enacted a very restrictive law entitled NI 43-101 that essentially dismisses testing data older than 2 years.  Under this standard, the Gold Basin Ore Reserves would be characterized as estimated or historical reserves. Despite intensive lobbying by Canada, the US government has not adopted 43-101 standards. Under existing US law, embodied in SEC Industry Guide 7, and based on the reporting standards set forth by the US Society of Mining Engineers, the Gold Basin Ore Reserves would be characterized as Proven and Probable Reserves.

ORE RESERVES, TENOR & PRODUCTION ANALYSIS:   Over $500,000 has been spent on extensive surface and drill testing, bulk sampling and assays over the past 15 years.  The claims contain at least 17-24 million tons of processable ore.  Mineral Reserves are $1.27 Billion at $1,800 per ounce gold. Ore tenor is 0.055 ounces of gold per cubic yard. The average recoverable ore value is approximately $93 per yard. production costs are $9 per yard, leaving a net profit of $84 per yard. The current permit is for operations at 50 yards per hour At a forward looking long term production rate of 250 yards per hour and two 10 hours shifts per day, the projected net profit per day should be $336,000. The net profit per month should be $8,064,000; and pre-tax annual profit is projected to be $88,704,000.

MINING:  The property is located on Prescott National Forest land, although the site is desert like with no merchantable timber.  The Plan of Operations and Stipulations have been approved, and the Authorization to Commence Operations has been issued by the US Forest Service. A reclamation bond is in place. The production season is year around.

WATER:  Water is available from two water wells drilled at the site and a river flowing through the claims. An existing deep pool on the shore of the river has a dock and pump in place with piping to the plant site recycling ponds. The existing permits allow for pumping from the river at this pond site. 

INFRASTRUCTURE AND DEVELOPMENT:  Over $1,000,000 has been invested in infrastructure, development and equipment. Basic infrastructure development is complete including roads, pads, gates, water wells, ponds and camp/storage sites. Some equipment is included with the project. With minimal additional equipment, including a wash plant, the mine is ready for commissioning and operation at 50 yards per hour. A permit modification and additional equipment is required to attain 250 yards per hour.

EQUIPMENT: The following equipment is included in the sale price: John Deere 4x4 backhoe with one yard bucket, front end loader with a 4 yard bucket, Atlas trackhoe excavator, Cat D-8 dozer, Mack dump truck, tool storage cargo trailer, watch trailer, 250 gallon propane tank, 500 gallon diesel tank, pickup with diesel fueling capacity, concentrate recovery systems, and a complement of portable generators, pumps, tools, supplies and accessories.

EXPANSION:  The initial permit allows for maximum production at a rate of 50 yards per hour. After commencement of operations, a "permit modification" request can be filed with the USFS seeking to modify the permit to expand the site, build a second site, and increase the allowed rate of production.

PRICE AND TERMS: The Gold Basin Mine is held by Pine Creek Mining, Inc., a corporation having as its sole assets the Gold Basin Mine, being the claims, permits, reclamation bond, infrastructure and equipment. The price to acquire the company is available on request. The assets are not separately available for sale, only the corporation is for sale. The corporation and its assets are free and clear of all debts, liabilities, liens and encumbrances.

The following technical documents and reports are available for review:

2009 Appraisal Report (705,800 ounces of gold)

2008 Western Sierra Mining Corp Geology Report

1996 GoldTech Engineering Geology Report

1996 GoldTech Engineering Work and Testing Summary

1965 Melbye Geology Report

1964 Zinkl Geology Report

1947 Nichol Geology Report

1933-1934 Grundy Geology Report

1933-1934 Giroux-Grundy Geology Report

1932 Hassell Geology Report

1931 Nebeker Geology Report

The following permit documents are available for review:

Approved Plan of Operations

Decision Notice

Stipulations

$59,000 Cash Reclamation Bond

Authorization to Commence Operations

Stormwater Discharge Permit

Other information available for review:

BLM LR2000 Database Report Verifying Ownership of Claims

Site, claims and area maps

Site Photographs - see limited photos below

Detailed List of Infrastructure and Equipment Included in Sale.

If you are interested in purchasing the Gold Basin Placer Mine, or in obtaining further information, please click here for contact information.

Photos taken at the Gold Basin Mine Site: