Del Norte County -- Gold Country
Though you may not expect it, Del Norte County is the home of many patented gold mines. French Hill Gold Mine is one of the patented gold mines, and it is for sale today.
Patented Mines -- Del Norte
Are you familiar with patented mines? To patent mining claims, you must prove the quantity and quality of the minerals to be mined on the property. French Hill Mine in Del Norte County is a patented mine.
Flakes to Grain of Rice Size Gold
In 1983, the government did several test holes at French Hill Mine and estimated the gold from the flakes to the size of a grain of rice was worth $5,598,700 at $434.00 per ounce. This value did not account the platinum and goled values in the black sand, or nuggets larger than a grain of rice.
Taking the government price of figures for 1983, at today's price of about $900 per ounce, there is a value of $11,599,591.00 ranging in size from flakes to grains of rice.
Black Sand Gold
According to government figures of 1983, French Hill has approximately 10,000 tons of black sand with 9.95 ounces of gold per ton. This implies there is approximately 99,500 ounces of gold at $900.00 per ounce .... implying more than $89,550,000 of black sand gold.
Platinum
In addition there is 15,660 ounces of platinum, at $1000 per ounce. This implies ther is another $15,600,000 in platinum.
Totaling
Totaling the value of the minerals on this property, there is an estimate of $115,000,000 in minerals on at French Hill.
