The Crown Jewel of American Placer Mining

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Seller Financing Available
Asking Price: $38,500,000

Save1/3

The Crown Jewel of American Placer Mining


Asking Price: $38,500,000


Seller Financing Available
Asset Sale Description
Encompassing approximately 2,450 acres. Has a Plan of Operations
Encompassing approximately 2,450 contiguous unpatented acres of almost entirely virgin ground, High Bar represents one of the largest and most historically rich gold deposits currently available on the private market. This is a turn-key legacy asset where legend meets modern operational readiness.
THE GOLD: UNRIVALED PURITY AND PROVENANCE
High Bar is a surface-level placer gold deposit with zero overburden. The wealth begins at the surface. Historical assays and DOGAMI records reveal staggering concentrations: Documented areas producing 1 oz. of gold per 2.8 to 9.6 cubic yards. Modern Verification: 2014 testing successfully recovered approximately 1,000 ounces of gold from a 2.5-acre test site. Fine gold, coarse gold and specimen nuggets. Premium Purity: Refined composition testing at 87-88% pure gold and 12% silver. World-Class Specimens: Storied history of yielding magnificent nuggets up to14 ounces
INFRASTRUCTURE: ABUNDANT WATER
Historically, the single constraint to mining the High Bar plateau was water. That limitation has been removed. The drilling of two high-volume wells, in addition to water usage from the Burnt River has secured a robust supply.
Technologically Advanced Plant: High recovery of fine and coarse gold.
Two High-Volume Wells: Secured flow at approximately 240 GPM and 200 GPM.
Approved Plan: 20-Year Plan of Operation spanning 217 acres.
Accessibility: Seamless access to equipment and labor in Oregon's gold country.

Geology
The High Bar gold mine is "a Pleistocene bench gravel capping Tertiary sediments. The gravels include lava, quartz, schist, and greenstone rock types in sizes ranging to large boulders to two feet or greater in diameter...Whether a lava bed exposed on the side of the hill or superimposed Tertiary lake beds, constitute the true base of these gravels, and at what depth, is yet to be established. The greatest established depth is 26' with gravel still in the hole. From a surface standpoint this bench covers almost all the acreage comprising these holdings."
~Oregon Dept. of Geology and Mineral Industries, "High Bar Placers of Pine Creek", April 22, 1946

History
Many of the gold mining claims that were purchased and integrated into this sale are noted for their previous claims and production, including the famous Pine Creek area claims, United Mining and Metals, etc:
"Bruneau claims to have recovered course gold comparable to Johnny Wyant's Pine Creek Stuff all over the best portions of the bar, plus many fist sized hunks of quartz plastered full of gold like the 3 foot boulder McChord has that was picked up there 20-30 years ago. He claims to have gotten as high as 12.9 oz. per yard for some yards, which of course isn't altogether astonishing when one is dealing with slug gold, but what is the screwiest part of the whole deal is that Bruneau claims that his test yardage recovery average $3.60 per yard."
~Mr. F.W. Libbey, Oregon State Department of Geology, Feb. 3, 1953
*the average price of gold in 1953 was $34.84 per oz., making the $3.60 value equivalent to $517 per yard (on average), recovered during testing using $5000 per oz. of gold.

*Testing [on a portion of the High Bar mine] suggested 1 million yards that should average 1 oz of gold every 24 cubic yards and the 3' above and down to bedrock averaged 1 oz of gold every 4.8 cubic yards. (1946 Wyant Placers, page 6)
-gold averaged $24/ounce from 1900-1946
~State Department of Geology, "Wyant Placers of Pine Creek (Gold)", April 22, 1946
Detailed Information
Years in Operation
13
Facilities & Assets
Technologically Advanced Plant: High recovery of fine and coarse gold.
Two High-Volume Wells: Secured flow at approximately 240 GPM and 200 GPM.
Approved Plan: Active Plan of Operation spanning 217 acres.
Accessibility: Seamless access to equipment and labor in Oregon's gold country.
About the Sale
Transition Support
Company can provide comprehensive training for a buyer.
Seller Motivation
Parent company transitioning to ESOP; has to dispose of all non-core assets
Listing Info
ID
2548371
Listing Views
Business Location

Listing ID: 2548371 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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