Graham Gulch Gold Mines


The Graham Gulch Gold Mines

A HIGH-GRADE GOLD REGION THAT HAS YET TO BE EXPLORED BY MODERN MEANS

PROPERTY LOCATION:

South Fork of the Salmon River, Siskiyou County, CA
CAMC NUMBERS: 0291857, 0295167, 0295168
ACREAGE: 400 combined
TOWNSHIP: 39N
RANGE: 12W
SECTIONS: 21, 28, 29, 32
MERIDIAN: Mt. Diablo
LENGTH OF RIVER ENCOMPASSED WITHIN: @ 2000 ft.
ACCESS: Easy. 4WD is not necessary

Graham Gulch exhibits excellent potential in all facets of gold recovery methods.

  • Three connecting gold properties are included
  • 400 combined acres located in the heart of the ancient river channel within a section of river that is renowned as World-Class.
  • Great access throughout -
  • History of a significant surface pocket discovery
  • Two (2) known tunnels
  • Three (3) known mines
  • One significant prospect digging
  • Nearly 1/2 mile of the South Fork of the Salmon River
  • The full extent of Graham Gulch which carries water the majority of the year
  • Extensive ancient river bench material to work
  • Provides for deep & shallow river dredging
  • Excellent highbanking, panning, detecting prospects
  • Great promise for the discovery of vast gold reserves
  • Gold-bearing - Guaranteed

PROSPECTS: Outstanding

In all regional stream gravels you can find placer gold and platinum

Along every mile of the Salmon River in Siskiyou County placer gold is found. Almost every type of placer mining has been used on the river - Both the north and south forks are highly productive - This is one of the richest river systems in America.

SITUATED IN THE MIDST OF SOME OF THE MOST RENOWNED HIGH-GRADE GOLD SOURCES IN AMERICA

Black Bear Mine - most noted and largest quartz producer in Siskiyou County disc. 1860 - 3.1M @ $20 an oz. Below, are only a few examples of gold recovery documentation / notoriety, in this well known area. Known as; "THE RICHEST LITTLE RIVER IN AMERICA"

  • The 1925 California State Mineralogist’s report states that the placer mines on the North Fork of the Salmon River from Sawyers Bar (Eddy Gulch) to Forks of Salmon produced approx. 2 million ounces of gold.
  • Sawyers Bar reported a total production between 1855-1965 estimated at 16,000 ounces of placer gold and 20,000 ounces of lode gold.
  • The Forks of Salmon was the center of large gold mining operations in the 1800's.
  • The King Solomon Mine was a major producer of lode gold.

Below, are a few examples of gold recovery documentation / notoriety, in this well renowned gold-rich region;

An estimate of the total potential resource from historical data is 1.23 million ounces of gold, representing $1.15 billion at $935 per ounce. That estimate is derived by attributing 1) half of the 2 million ounces from placer production to erosion from Eddy Gulch, 2) adding the reported placer production of 150,000 ounces, and 3) reported lode production of 81,352 ounces from mines at Eddy Gulch.

The following table shows historical lode production from the properties valued at a gold price of approximately $935 per ounce. Historic lode production would be valued today at over $76 million. The production data shown below is from California State Mineralogist's reports and numerous private geologic reports.

Gold Production

Mine Years
Dollars ($935/Oz.)
Ounces
------------------------------ -------------
-----------------------
---------------

Klamath 1863-1865
$2,668,490
2,854

Klamath 1863-1865
$18,932,815
20,249

Klamath 1883
$1,356,685
1,451

Klamath/Mt. Union 1900-1906
$8,323,370
8,902

Union & Union Extension 1863-1932
$13,570,590
14,514

Mt. Laurel 1863-1886
$27,141,180
29,028

Laurel 1906-1910
$4,070,990
4,354

-------------------
------------

Totals 1863-1932
$76,064,120
81,352

In the 1850s, placer mines in Eddy Gulch produced 150,000 ounces of gold. The source of the placer gold was the series of lode deposits that strike across the head of Eddy Gulch, the principal one being the structure now covered by the Eddy Gulch Group of claims. The Mountain Laurel Mine and the Klamath Mine, the greatest producers in Eddy Gulch, were discovered in 1862, and the Union Mine about the same time. The Anna Johnson Mine was discovered in 1895.

The 1925 California State Mineralogist's report states that the placer mines in the North Fork of the Salmon River from Sawyers Bar (Eddy Gulch) to Forks of Salmon, produced about 2 million ounces of gold.

Source: http://www.theclaimpost.com/GRAHAMGULCHPMC.html


31-pound surface pocket discovered on Graham Gulch

It was reported that this miner wheeled his barrow from Trinity Center by way of Etna and Sawyers Bar and struck a $6000 (@$16 an oz.) pocket of gold on Graham Gulch.

Equal to 375 Troy ounces Nearly $400,000.00 at today's prices