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Summary of Current Holdings
The following summary is not provided as a Financial Statement,
or as a solicitation for the sale of shares,
it is merely a discussion of the holdings of National Gold, Inc.
Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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Located near Sumpter, Oregon, and about 50 miles north of the Black Swan Mine
The equipment is all in place ready to operate, and the mining permit is issued
National Gold plans to open mining operations immediately
National Gold has the geology report
 150 Ton per Day Equipment |
 Ore Sample |
 Inside the Mine |
National Gold owns SIX (6) TWENTY (20) acre lode claims known as the Black Swan Claims No. 1 through 6, inclusive.
The past production indicates a recoverable gold value of approximately 0.75 troy ounces per ton.
With the equipment currently on site National Gold can process 150 tons of ore each day.
That should yield about 112.5 troy ounces each day.
National Gold plans to begin operations as soon as the weather permits.
Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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Warren Mining District
Central Idaho
Geology of the Warren Mining District
National Gold is in the process of closing transactions to acquire several mines in the Warren Mining District
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National Gold owns three 20 acre unpatented lode claims known as the Bluebell, Bluebell 2, and Bluebell 3 Claims,
located in the Warren Mining District, Idaho
21.24 Troy Ounces of Gold at today's price of around $900 per Troy Ounce is $19,116
49.48 Troy Ounces of Silver at todays price of around $12 per Troy Ounce is $593.76
National Gold does not expect the "Run of the Mine" ore to average the above figures, but it does show that rich pockets can be
located as we conduct our mining operations
The Geology Report indicates the average value will be between 1.5 and 4 Troy Ounces per ton.
Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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Warren Mining District
Central Idaho
Geology of the Warren Mining District
74C1 and 74C2 Mining Claims
National Gold has entered into a contract to purchase the 74C1 and the 74C2 Mining Claims in the Warren Mining District of Central Idaho..
The Homestake Mine enconsists of two unpatented mining claims.
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Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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Warren Mining District
Central Idaho
National Gold has entered into a contract to purchase the Homestake Mine in the Warren Mining District of Central Idaho.
We are now proceeding with the closing of the aquisition.
The Homestake Mine enconsists of two patented mining claims known as the Homestake and the Pennsylvania.
HISTORY
The Homestake Mine is located in the Crooked River watershed, southeast of Grangeville, Idaho.
Gold exploration in the region dates back to 1861 when placer gold deposits were found on Newsome Creek near Elk City, 10 miles east of the Homestake Mine.
The first quartz vein location was made in the Elk City district in 1870 but very little gold was extracted from quartz ore until after the completion of the American Eagle mill in 1902. Several high grade gold bearing veins were discovered, leading to considerable underground development work and mill construction.
At least ten lode gold mines were in production in the Orogrande Mining District from the late 1890's to the late 1930's. Large scale placer mining using hydraulic mining and dredges began in the early 1900's and resulted in a huge increase in gold production. Placer mines outnumbered lode mines until World War II put a temporary stop to gold mining.
Five adits are located on the Homestake Mine but the exact time of development is unknown.
According to the previous owners, all five adits were being worked in the 1930's and 1940's until World War II interrupted all mining activity. Considerable evidence remains on the site from that period. Many old buildings used to support the working crews are still standing, although they are now unsuitable for any use due to advanced deterioration. In addition, the remains of an old crusher are evident.
Extensive work has been done on the Homestake. At 6,464 feet a vein has been exploited to a depth of 30 feet. There is another mine at 6,393 feet which has been dug to 150 feet. At 6,192 feet there is a mine that goes 1,150 feet into the mountain. And at 6,192 feet there is a mine that extends 880 feet.
An attractive feature of each Adit is the stockpile pads. When the mines were in active operation, ore surrounding the vein was dumped on the ground and formed a pad which was used for staging and work areas. The pad at number three Adit alone contains over 100,000 tons of ore. This ore was never processed because the gold content was too low compared to the vein ore to be worth processing. Our assays indicate that the stockpile rock contains enough gold value to be very profitable in today's market with today's technology.
The 3 stockpiles assay as follows:
100,000 tons at 6.02 oz/T Au adit #1 stockpile
100,000 tons at 5.48 oz/T Au adit #2 stockpile
50,000 tons at 2.48 oz/T Au adit #3 stockpile
The existence of these dumps makes this project especially attractive, because regardless of what gold remains in the mountain, our estimates indicate that this project will be profitable if the only gold we find is in the dump rock.
Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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Orogrande Mining District
Central Idaho
Orogrande Mine
National Gold has a contract to purchase the Orogrande Mine Property
Located by National Gold's Homestake Mine in Idaho County, Idaho
The Property consists of 47 acres of mineral claims,
located on US Forest Service land in the Orogrande Mining District,
near the City of Orogrande, County of Idaho, State of Idaho,
The claims are in Township 27 N., Range 7 E. Section 2, Boise Meridian,
Western Star No. 1, the Western Star No. 2, and the Key West lode claims,
Mineral Survey No. 2335
Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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National Gold has purchased the Heather Ann #3 and #4 Claims in Kern County, California
National Gold is in possession of an Analysis Report on the mine
The report covers only one of the claims and the recovery results will have to be doubled
but the costs will cover both mines because we will only process one mine at a time
National Gold has acquired a 1/2 interest in 300,000 deeded acres of Timber and Mining Property in Brazil. The property has a recent timber survey that indicates about $300 Million Dollars in timber.
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It is reported that there is gold and a variety of precious and semi-precious gems in the rivers and streams on the property.
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Eureka Mine - 74C1 & 74C2 Mining Claims
Black Swan Mine - Blue Bell Mine - Homestake Mine
Orogande Mine - Heather Ann Mine
Brazil Timber and Mining
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See our Past Mining Operations
Please take a look at our Business Plan
Please submit your mining properties to us
for evaluation and possible acquisition