Silver St, Silver Plume, CO 80476

Property Description

The Dives-Pelican & Seven-Thirty Mines are a Historical Offering of 122 Patented Mining Claims representing approximately 350 acres above the town of Silver Plume, Co. The region began bustling with prospectors in the 1860's and by 1880 the Town of Silver Plume was founded where "miners realized that they were exploring one of the richest silver mountains in the state". The properties can be accessed via the 7:30 Mine Trail which takes hikers on an interactive journey through some of the history and drama of the mining days. Some come to visit the Griffin Monument - a 10' tall granite landmark atop outcropping precipice on the property. It has been estimated in more recent evaluation in 2002 conducted by Mining Engineer, Albert Barnhard, using research from the Colorado School of Mines Library and the Georgetown Colorado Public Library, that "good grade ore of gross value of $1.3 billion (in 2002 estimated values) or more remains in the properties with potential to discover many more hundreds of millions of dollars in ore values if the properties are prudently explored and developed." It has been hypothesized by the owners that with a growing global demand for rare earth minerals that are mostly sourced from abroad in current times, there will come a need to tap in to the vast resources available domestically from existing ore deposits. Extensive documents and resources are available on the property website.