favorite this post Gold Mine, Fully Permitted and Operational - $2500000 (Alleghany) hide this posting unhide

249 Henness Pass Rd

(google map)

The Ruby Mine is a fully permitted and equipped Gold Mine in the heart of Northern California's - Sierra County. Much of the mining infrastructure has been recently upgraded and updated, to facilitate immediate mining operations. This offering includes 25 unpatented mining claims totaling approximately 1,300 acres, plus approximately 435 Acres of patented - subsurface mineral rights (i.e. mineral rights 100' and deeper), and an extensive inventory of Personal Property, Equipment and Fixtures for operating the Ruby Mine.

The current owner's family have intermittently stayed involved in the operations of the Ruby Mine for almost 6 decades. They would like to pass the torch to a "well qualified" Buyer. Their low asking price of $2,500,000 CASH, for this fully operational and permitted Gold Mine that is ready to go, is evidence of both their motivation to sell and their desire to pass the torch quickly at a great price to allow a new Ruby Mine Operator to flourish. Past production is estimated at 200,000 oz. of gold. Geological studies have concluded that several miles of the gold-bearing Tertiary river channels buried in the property remain to be mined, while the quartz gold potential has only been touched. So the Ruby Mine is a highly attractive gold opportunity.

1,000 troy ounces of Gold Nuggets 3 oz. and larger which were pulled from the Ruby Mine in Sierra County are currently on display at the Museum of Natural History in Los Angeles. This 1,000 ounce gold nugget collection from the Ruby Mine is considered to be one of the most outstanding placer gold collections in the world.

In the 1890's New York's Tiffany & Company purchased 472 ounces of gold nuggets from the Ruby Mine in Sierra County to cast and carve a 20" tall solid gold vase (i.e. the Adam's Vase) for their Board Chairman Edward Dean Adams. The first vase was stolen before completion (i.e. after 18 months of casting and carving). So, another 472 ounces of gold nuggets were purchased from the Ruby Mine to cast a second vase. This second vase is on display at the Metropolitan Museum of Art in New York City.

Complete list of APNs upon request. Please make inquiries directly to:

Alan Savage, Broker/Associate show contact info DRE #: 01039993

eXp Realty of California, Inc. Ray Marquez Broker DRE# 01878277
  • do NOT contact me with unsolicited services or offers

post id: 6783872099



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