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Mining Equipment, Mining Properties, Gold Mines & Gold Panning by BC Gold, British Columbia, Canada

Mining Equipment, Mining Properties, Lode Gold and Placer Mining by BC Gold, British Columbia, Canada

BC Gold - Mining Properties for Sale
Okanagan/Similkameen
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NEWTON CREEK Gold Platinum Placer Claim $2500
 Ad #:194
 Market Status: Unsold/Available
 Listing Type: For Sale
 Price: $2,500
 Category:Gold claims and placer mines for sale
 Locality:Okanagan/Similkameen
Description

NEWTON CREEK Gold Platinum Placer Claim $2500

-Avg. gold fineness of 875, platinum nuggets up to 16 grams

-4 unnamed feeder creeks for additional water

-270 metres of creek frontage, per side

-115 metres from road, completely underlain by crown land

21 hectares / 51.89 acres. BC placer claim 1037274. The property is situated 17 km. west-southwest of Princeton, British Columbia. Access from Princeton: proceed by road west on River Road North (Tulameen River Road) for 14.5 km. to the community of Coalmont. In Coalmont, proceed south on Blakeburn Rd., which crosses the Tulameen River and continues for 6 km to Arrastra Forest Service Rd. (FSR).  Take the left fork ( Arrastra FSR) for ~2 km to a fork at latitude 49.475090 longitude -120.740426, turning right onto an unnamed forest road for a further 2.4 km to the claim area, 115 metres south of the road by foot. The claim centre is at latitude 49.456110 longitude -120.754360.

At the time of discovery, 6,400 grams gold were reported to be mined from 4 tonnes (EMPR Production Records) and most platinum mined, thought to be gangue, was thrown back into the creek. Once the mouth of Newton Creek was high-graded, very little work occurred since.

From Minfile 092HSE232 “The gold to platinum ratios are reported to be 1:1 (The gold is similar to that found in Granite Creek (092HSE230), being coarse and rough. Some of the larger nuggets contained quartz. Gold and platinum occur with an average fineness of 875.

Newton Creek, along with Granite Creek, in the Tulameen Area of BC’s Okanagan, is generally regarded as one of the most important placer platinum occurrences in the world. Today, prospectors and collectors exploit not only the gold in area gravels, but the magnetic characteristics of platinum and platinum-group metals that also occur here. Platinum minerals may be recovered through high power neodymium magnets as these particles are susceptible to become magnetically charged.

This locality is also regarded for the relative abundance of platinum nuggets, considered in this form to be much rarer than diamonds. This form of platinum is especially sought after by collectors, as un-processed specimens usually sell for considerably more than bullion.

Placer geology of Newton Creek is described by W. Ash, part of a 1983 assessment work program (ARIS 12330): The long Oligocene period of erosion was on obvious ideal environment for the buildup, on bedrock, of secondary nugget placers. The ratio of nuggets to fine gold, in the Tulameen district is uncommonly high (fine (flour) gold in recent placers normally overwhelmingly outweighs the coarse gold)…Extremely rich nugget placers have been found not only in the creeks of the Tulameen area, but on benches up to several hundred feet above the valley floors. The difficulty in prospecting, testing and mining increases with elevation above the creek levels. The costs involved (particularly before modern diesel and electric pumps became readily available) in bringing water to the “dry” bench placers were prohibitive. Highbench prospecting has, therefore, never been popular. On the other hand there is no reason to suppose that all rich placers are relegated to elevations within 300 feet of the valley bottoms The rich ground on Newton Creek with its nugget gold was found at an elevation exceeding 3000 feet above sea level and it is probable that rich “protected” placers may exist to elevations exceeding 4,500 feet in this region.

Newton Creek confluences with Granite Creek, 900 metres northeast of the property. Granite Creek is described in Minfile 092HSE230 which states “The proportion of platinum (on Granite Creek) increases upstream towards Newton Creek.”,  and that “Platinum occurs in smaller, silver-coloured nodules, generally not exceeding 16 grams in size, that are usually rounded and pitted with holes”

Drilling outlined native platinum mineralization occurring in the underlying bedrock units of Newton Creek, upstream of the property, with intersects of 8.6 grams per ton platinum (Minfile 092HSE159).

Warning - This property is offered for mining purposes only and ownership of the title to it does not include ownership of the surface rights or the right to use the surface for residential or recreational purposes.

Financing available with $500 down and payments for up to 6 months.

Please reply to this ad or contact us directly for more information, including pictures and maps:

Email This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Tel (250) 999-1221

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