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Gold Mines For Sale

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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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Placer claim on Newton Creek by the mouth at Granite Creek $7500
 Ad #:196
 Market Status: Unsold/Available
 Listing Type: For Sale
 Price: $7,500
 Category:Gold claims and placer mines for sale
 Locality:Okanagan/Similkameen
Description

Newton Creek Placer Platinum & Gold Mining Property $7,500

PAST GOLD/PLATINUM PRODUCER

21.0 hectares / 51.893 acres. BC placer tenure 1027791. Location and access: The Newton Creek property is accessible from the Town of Coalmont via River Road North which runs East-West from the Town of Princeton 12km to the East. When the Tulameen river is crossed in Coalmont via the Blakeburn bridge follow Blakeburn Road for 6 km to the junction of Arrastra FSR (the left fork), and proceed south for 4 km to the mouth of Newton Creek. The property is 400 metres west of this point. The west side of the property may be accessed by turning right off Arrastra FSR onto an un-named FSR at approx.. 2 km past the fork.The property encompasses approximately 600 meters of creek frontage on both the east and west banks of Newton Creek and is completely underlain by crown land. The claim centre is at latitude 49.460280 longitude -120.748110.

From Minfile 092HSE232“Newton Creek flows east to northeast, over a distance of about 11 kilometres, into Granite Creek, west of Princeton. The lower half of the creek cuts through a narrow steep-sided valley while the upper half flows over a broader, more open valley floor. Gold and platinum were produced from gravels in this creek between 1890 and 1893. The gold to platinum ratios are reported to be 1:1 (Geological Survey of Canada Memoir 171, page 113). The gold is similar to that found in Granite Creek (092HSE230), being coarse and rough. Some of the larger nuggets contained quartz (Minister of Mines Annual Reports 1890, 1933). Total gold production is estimated at 6500 grams.”

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 is a relatively shallow watercourse, seasonally swelling with runoff in spring, and at its lowest flow typically from mid-July to late October. Benches are not particularly pronounced due to the relative low energy of the present day creek. Rocks frequently occur between 3" - 12" and larger. Black sands are not especially prevalent compared to the Tulameen River but red sands, likely derived from jasperitized hematite in outcrop, occur near surface. Black sands are located deeper (buried) and generally do not appear to be part of the present dynamic flow with minimal surficial accumulation.

The locality of Newton Creek and Granite Creek is regarded in particular for the relative abundance of platinum nuggets, considered in this form to be much rarer in nature compared to diamonds. Very few localities outside of the Tulameen Ultramafic complex (the underlying geological setting of Newton Creek and area) and similar ultramafic-underlain localities in the Ural Mountains of Siberia, Russia contain this form of platinum, highly prized by the collector with un-processed specimens usually fetching much more than bullion.

In 2006, an assessment report filed by the owner on an upstream section of Newton Creek states “From 25 hand panned samples, colours of platinum and gold were visually counted, from 3-25 per pan. There were 14 “Average” colours per pan, and platinum colours were the most evident being about 60% of all colours”.

Further evaluation and particle separation of hillside materials is also highly recommended as they may contain important remnants of former channels.

Smaller particles of platinum may in some cases be recovered through high power neodymium magnets as these particles are susceptible to become conductively charged in association with natural amalgamation of ferrous particles such as magnetite. (you can use high power magnets to recover platinum).

On a neighbouring property, visible ground sluices were observed to be embedded (as of 2006) in the creek bed, presumably to capture heavy minerals further to each annual runoff.

Newton Creek confluences with Granite Creek, 900 metres northeast of the property “as the crow flies”. Granite Creek is described in Minfile 092HSE230which 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 has outlined native platinum mineralization occurring in bedrock units of Newton Creek. (Minfile 092HSE159) at 8.6 grams per ton platinum.

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.

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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