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Historic past producing gold mines - commercial potential
We are now offering a package of 8 unpatented federal lode claims which are covering four past producing gold mines in the Cherry Creek Mining District - Yavapai County. This offering totals 160 acres and overlays the Cherry King Mine, Golden Idol (Hillside) Mine, Gold Eagle, and the Monarch Mine. All claims are accessed by existing Forest Service roads. Most of these mines were worked from the late 1800's to around 1930. The target mineral is gold, but some silver, lead, copper, and iron was associated with these mines. The complete Cherry Gold Project is available as a lease/purchase option for $10,000 per year with $75,000 due on the fourth year (to complete the option and convey the claims). The Monarch is also available separately for $19,900 cash or $5,000 per year lease/purchase. More information and PDF files with photos and satellite views are available at our partner site:
PMR Exploration, LLC - Arizona Gold Mines - Claims
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Things to know…
You can work your claim without a notice to the BLM (or Forest Service) if the activity falls within the “casual use” definition. Casual use is generally limited to hand digging with picks and shovels (no back hoes, explosives, etc.) and pan or sluice operations or operations using an electric re-circulator washer. However, should you ever find a real pay-streak, you can file a notice to move into a more commercial type operation, or farm the claim out to another operator (while leasing a claim from us, you must limit your work to recreational or “casual use” prospecting.)
You cannot build a home/cabin on this land. A claim is a right to extract locatable minerals only. The US government owns the land. You can camp for up to 14 days on your claim. For legal purposes though, the government considers a mining claim real property, and therefore you can sell, lease, or pass down your claim to your children. A quit claim deed is used to transfer ownership of the claim and is recorded with the county recorder after it is posted with the BLM (Bureau of Land Management). You must pay a $140 maintenance fee every year to keep your claim valid. You can avoid the fee by getting a small miner exemption (if you own fewer than 10 claims) and show proof that you worked on your claim during the year. Then the fee is only $10. (However, while you are leasing a claim from us, we will take care of all fees). There are no property taxes on claims in Arizona.
You cannot deny entry to hikers, hunters, or campers on this land. You can, however, post notices on your claim to prevent other people from prospecting from your site. It is a crime to prospect on a valid claim without the owner’s permission.
Placer Claim: Located upon deposits of loose, unconsolidated material, such as gravel beds, or upon certain consolidated sedimentary deposits lying at the surface.
Lode Claim: Located upon deposits of mineral which are erected in or surrounded by hard rock, such as veins, fissures, lodes and disseminated ore bodies. Under federal law, the lode claim cannot exceed 1,500 feet along the length of the deposit, or more than 300 feet to either side of the center line of the deposit. Location of a lode mining claim cannot occur until a lode or vein is discovered on site. Most commercial operations are built around lode claims.
See historic Monarch Claims for lease/option.
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The Monarch Claims Package is available for $19,900 cash or a lease/purchase with $5,000 due at signing. Go to PMRExploration.com to view information on our hard rock claims
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