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Santiago ASSET
ASSET DESCRIPTION
ASSET DESCRIPTION
Overview
Contained Material
Operations
Fleet
Energy
Economics
Access to Property
ASSET NAME
Santiago
ASSET TYPE
Exploration
Exploration METALS & MINERALS
Gold
SPECIFIC LOCATION
McClellan Mountain Road, Silver Plume, CO 80476, USA
CURRENT ASSET STATUS
  • For sale - $null.00 M
CURRENT ASSET STATUS NOTES

The owners are willing to sell the property for $33,000,000, or do a joint venture from $1,900,000 to $6,000,000. An investment of $7,900,000 may return $79,000,000, or ten times at 43% net-profit share. When the investor has received a net return of $79,000,000, he will receive a 15% net-profit share for the mine life. This is a Gold and Silver mine just 9 miles outside of Georgetown, in the heart of the Colorado Rockies. This is a combination of both patented land and mining claims. The mine has produced 20,000+ ounces of gold based on incomplete historical records. In the Santiago Ore shoot alone there is an estimated 2016000 ounces of gold and 4,320,000 ounces of silver, with proven: 60,000 tons of reserves. Estimated total reserves are at: 240,000 tons. The mine also produces copper 3.31% and lead 6.06%. The gold averages .84 oz./ton gold; 20.7 oz./ton silver. The mine is currently inactive. Permits NOI and 110-2; jumbos, haulage, milling equipment are included with the purchase. The total acreage is 160 acres (120 acres plus 40 acres pending filing for CNC members). In lieu of NI43-101, because of extensive records of tunnel-stope maps, shipping, milling and smelters of Santiago properties and seven other adjacent, proven-mine properties along with hundreds of assays, historical records from personal files, Colorado School of Mines, Bureau of Mines, Bureau of Land Management, historical files of Clear Creek County, geological records from a geological engineer, Mosch; beneficiation study of proven reserves; engineering reports from McFadden, and many others, gives Santiago Mining Company a fair head start for completion of an NI43-101 study to be completed in year three, as mentioned in the Executive Summary. Through review of company archives by a qualified geological engineer, it will be clear regarding Company mining concepts for Santiago Mines on Mt. McCLellan. Option #1 $1.9 million to begin Mining Secured with a $2,850,000 payback. Investment of $1.9 million, fully protected to be used for the following: Site and above ground development, including early recovery of the estimated 60,000 tons of verifiable, already mined ore and below ground drifting on ore in pursuit of opening Santiago ore bodies. This first phase of construction and development will take on full mining season. At season’s end, the investor will inspect development work and decide on participating in the Joint Venture. Option #2 $Investment of $6 million to include participation in a Joint Venture with equity and net profit sharing for the life of the mine (estimated to be 62.5 years). An average 6 month mining season will return the Joint Venture Partner the average of $11.5 million net revenue per year starting at the end of the ramp up period or $345 million in the first half of the estimated years of mine operation. If Option #2 is not exercised, the investment capital of $1,9 million will be secured with prove, processed, already mined reserves and other equities on newly mined ores until the investor receives a return of $2,850,000. This will terminate Option #1, and the investor will have no further involvement in the Santiago Mines.

OWNERSHIP STRUCTURE
COMPANY NAMESTAKE %NOTES
Gold Rush Expeditions 100
ASSET ACTIVITIES
ACTIVITYSTART DATEEND DATEPROGRESS
HISTORICAL OWNERSHIP
OWNERSHIPFROMTOCOMMENT
MINERAL RESOURCES AND RESERVES
Mineral Resources:
MetalMeasuredIndicatedInferredAttributable interests
TonnageGradeContainedCutOffTonnageGradeContainedCutOffTonnageGradeContainedContained
Gold 0 k mt 0 g/t 0 k oz 0 g/t 0 k mt 0 g/t 0 k oz 0 g/t 0 k mt 0 g/t 0 k oz 0
Mineral Reserves:
MetalProvenProbableAttributable interests
TonnageGradeContainedCutOffTonnageGradeContainedCutOffContained
Gold 0 k mt 0 g/t 0 k oz 0 g/t 0 k mt 0 g/t 0 k oz 0 g/t 0
TOTAL CASH COST PER GOLD OUNCE
Amount in millionsMiningProcessingAdminRoyaltiesTotal%
Fuel000000 %
Maintenance000000 %
Labour000000 %
Insurance000000 %
Royalities000000 %
Reagents000000 %
Explosives000000 %
Contractors/consultants000000 %
Other*000000 %
Total US$ millions000000 %
PRODUCTION
PRODUCTION CYCLE Annual 2026 Experiences Expectations
2025 Q1 Q2 Q3 Q4 2026 5 Year Avg Remaining LOM
00000000Capital Expenditures13
00000000Ore Tons Mined23
00000000Mill Feed - Ore Tons Processed33
00000000Gold (k oz) Produced792
00000000Gold (k oz) Sold791
00000000Gold Recovery (%)794
00000000Cash Operating Cost43
00000000All - in Sustaining Costs53
00000000Strip Ratio – Waste:Ore63
ARTICULATED HAULERS
US METRIC
TRUCKSNo. OF TRUCKSNET POWER (HP)LOAD CAPACITY (tons)
MINING TRUCKS
US METRIC
TRUCKSNo. OF TRUCKSNET POWER (HP)LOAD CAPACITY (tons)
POWER DEMAND
ENERGY SOURCEENERGY TYPEAVAILABLE POWER (MW)US$ PER KWHCONTRACT #EXPIRATION DATE
POWER AND ENGINEERING
Power Usage: total MWh per year
Peak power demand MW
Environmental Impact Assessment, man hours
Engineering firms
Local firms
AFTER TAX & ROYALTY NET PRESENT VALUE
Initial Capital Cost Operating Expenses NVP Discount RatePayback periodAfter tax IRRGold (oz)
Date of Assessment
Jun 13, 2026