The Golden Granite Mine
(Lode and Placer)
Lake County, Colorado
(Lode and Placer)
Lake County, Colorado
•Commodities : Gold and Silver
• Claim designation: un-patented lode and placer
• Size: 30.66
• Location: Lake County, Colorado
• Nearby town: Granite, Colorado
•Financing available with 5 percent down and monthly payments.
•Direct purchase discounts available
One of the largest mines in the Granite mining district, boasting ore reserves of over 228,000 ounces of Gold ($481,000,000) and nearly a mile of underground workings.
The considerable workings consists of four inclined shafts on the hillside and one massive crosscut adit connecting the interior workings under yankee blade hill.
Heavy gauge ore cart rail emanates from the tunnel portal nearly 150 yards in separate directions on the multiple acre mine spill.
1200 pound capacity ore carts and trams operated in around the clock shifts during initial development.
The Mine outcropping was discovered with most of the early Granite mines in the early 1900's, worked heavily until World War 1, during which time production halted.
Ownership was transferred to the Hersey Mining Corporation after the war, though no production history is available.
The mine closed with a tax lapse during the company closure in the 1980's.
Production information: Records show 241 tons of ore shipped at an average grade of 1.75 oz/ton gold. -USGS report (Sunshine files)
Geology: Gold-bearing NE-trending quartz-sulfide veins in Precambrian rocks.
Resource reserves: A 1990 report estimates reserves of about 228,000 oz. of gold in 152,000 tons of ore. (Sunshine files)
In addition to the underground reserves, the multiple acre mine dump consists of low-to-mid grade mineralized ore and granite host rock. Graded ore can be further crushed and processed to liberate any values.
A beautifully flowing creek cuts around the entire mine area providing water for further development. The Mine includes all placer rights to any alluvial gold in the creek gravels.
Flower gold can be panned from the gravels of the inside bends and behind water flow obstructions.
Primary tunnel portal is in need of replacement timbers and wooden panels for further exploration and development of the underground workings.
Tunnel is cut running 90 degrees NE into the granite hillside, multiple side drifts and stoping are located pasts the 300' point. Several drifts connect to the inclined shafts further up the hillside.
The beautiful old portal entrance from the 1940's was constructed of 6x6 timbers with 4x4 supports and wooden ceiling panels.
An old employee tag board survived and is located inside the timbered portal. The employees would leave round steel tags on the nails to show they were underground and working the mine in case of emergency.
An old steel swinging gate is partially functional and in need of a replacement.
Two large inclined shafts are present NE of the tunnel about 150 yards up the hillside. The smaller eastern shaft has caved shut, though is showing promising mineralization in the primary mine spill, while the larger, western shaft is open with a 70' incline drop into the level drifts of the underground workings. A large and heavily mineralized mine spill is available on the western shaft.
A wonderful and historic property boasting federal reserves and excessive possibilities.
Featuring a secluded access with 4x4 vehicles, ATV and horseback.
With Gold prices estimated to rise above $2500 per ounce in 2021, this mine is an excellent investment opportunity.
Situated between the Mosquito and the Sawatch mountain ranges, Granite is a high mountain town located on the Arkansas River midway between Leadville to the north, and Buena Vista to the south. It is in close proximity to the second and third highest peaks in the contiguous United States, Mount Elbert and Mount Massive.
The town has a rich history from its days during the Pike's Peak Gold Rush, when it began as a mining camp and quickly boomed into a city of 3,000, holding the county seat. Early prospectors, such as Horace Tabor, were attracted to the area.
Untill 1879 the village of Granite was located in Lake County, once one of the two largest of the Colorado Territory’s original 17 counties. As the site of some of the richest placer gold strikes in Lake County, Granite held the position of county seat, but in 1878 they lost out to booming silver-rich Leadville, 17 miles to the north. However, Granite did manage to remain the county seat, but not of Lake County. They redrew the county lines creating Chaffee County, with Granite as the county seat. But a year later an election was held resulting in a win for Buena Vista, 17 miles to the south of Granite, with 1,128 votes out of a total population of 1,200 (when women couldn’t vote). Granite declared the election fraudulent and refused to give up its position, so late one night a group of men from Buena Vista took matters into their own hands.
Buena Vistans voted to make their town the county seat, but Granite refused to give up the records. So a group of men led by Ernest Wilbur "borrowed" a locomotive and flat car and went up to Granite late on the night of November 12, 1880. The men built a siding to the Granite Courthouse and kicked in the door. Sheriff John Mear and his wife investigated the noise and were forced at gunpoint to watch the removal of all the county records by the Buena Vista men. Furniture was unbolted from the floor, including the railing. Even the heat stove, with embers remaining in it from the day's use, was loaded onto the flatcar. —Buena Vista Heritage Museum
The date of the first discovery of lode deposits in Chaffee County has not been recorded. There was some lode mining in 1867-68 and the lode mines at Granite produced $60,000 in gold in 1870 (Henderson, 1926, p. 43, 107). The large lode deposits were not discovered until the early 1870's and later, and very little work was done on these deposits until 1883, when railroad facilities became available.
Mining activity was accelerated during the 10 years following 1883 and continued at a high level until the close of World War I, after which production decreased rapidly. Gold mining remained at a low ebb through 1959.
About 15 districts in Chaffee County have produced gold, but of these probably only the Chalk Creek and Monarch districts have produced more than 10,000 ounces. Henderson (1926, p. 107) credited Chaffee County with a gold production through 1923 valued at $7,401,354 (358,072 ounces), of which $1,548,179 (74,900 ounces) represented placer gold and $5,853,175 (283,172 ounces), lode gold. Most of this production was achieved before 1904 when reliable and fairly complete records were not kept, and the source of much of this gold can only be conjectured.
View of the massive mine spill, from the old road.
Yearly taxes/fees of $165 are maintained by RMP,LLC during financing.
Mining claims are defined as tangible property by law, these historic properties can be mined, sold or transferred at the owners discretion.
Precious metal values will only continue to rise with the heavy demands from the technological and financial sectors.
Gold prices are projected to rise near $1800 per ounce in the final quarter of 2020.
Secure your mineral property today.
“It’s a Gold way to go!”