ug 24, 2013, 10:15 PM Original Poster #11
UncleMatt UncleMatt is offline
us
Jul 2012
Albuqerque, NM / Durango, CO
Garrett Infinium & Gold Bug II, Bazooka Super Prospector Sluice
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All Types Of Treasure Hunting
From what I hear from relatives in Cortez, the Red Arrow Mine has been shut down by the State of Colorado and is now for sale. I also found this in the paper there:
"According to a Standard & Poors report, the Red Arrow mine held claims to approximately 790 acres, and when mining started last spring, the mine's potential recoverable reserves were projected at more than 400,000 ounces of gold in one of four known veins."
$520 million in obtainable ore, and they still couldn't pull it off? Wow. And almost 800 acres of patented mining claim to enjoy up there! I would have found a way!
red arrow mine(s) colorado, page-25
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