Nevada/Utah Gold Mine with Significant Reserves
Financial Details
- Asking Price:
- $1,000,000
- Profit Metric:
- Cash Flow
- Location:
- St. George, UT, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This listing presents an opportunity to acquire a significant gold mining prospect located in Nevada and Utah, with operations centered near St. George, UT. The property boasts substantial estimated reserves, valued between $400-500 million. A considerable amount of ore is already prepared for milling, including 15,000 tons of silver ore (with assays up to 14 ounces per ton) and 2,000 tons of gold ore (averaging 0.20 ounces per ton). Further development has identified blocked-out ore for the first year of mining, estimated at over 30,000 tons with gold grades between 0.10 and 0.14 ounces per ton, suitable for open-pit extraction. Drill reports indicate an additional 200,000 tons of ore containing approximately 30,000 ounces of gold, with a mix of 70% underground and 30% open-pit potential. The offering includes the opportunity to purchase a 10% working interest along with all associated mineral rights.
Industry Information
- Industry Description:
- Other Mining and Oil Businesses
- Classification:
- Agriculture
Real Estate & Lease
- Status:
- Unknown
Listing Details
- Listing ID:
- 2b6d7a6b-ffe3-455f-8082-159ae6b99a60
- Deal Status:
- For Sale
- Date Posted:
- February 22, 2021
- Last Updated:
- September 15, 2025
- Currency:
- USD