Ninja Forge Image
 
Our Goal


To maximize asset growth through the successful acquisition, exploration, development and production of selective gold and base metal properties. Grand Canyon Gold Corp to implement Eco-Safe green extraction methods to recover gold, silver and platinum values from the hard rock and gravels located on Grand Canyon Gold Corp properties. Water and gravity will be the main separation methods used for gold extraction and non-toxic leach technology will be used in the black sands processing plants.

 
Latest News

Leading Firm Places Bets on Gold, and No one Noticed

By Kitco News
Tuesday May 17, 2016 16:03

(Kitco News) - The world’s largest asset management firm is expecting gold to continue to shine in a world that is a flooded with negative interest rates; and, no one really noticed.

In a commentary published Tuesday, Russ Koesterich, head of asset allocation for BlackRock’s Global Allocation Fund, said that in a world where investors have to pay for the “privilege” of holding government debt, more interest is turning towards gold, an asset class that provides no income.

Although he admits that gold -- because it doesn’t fit as a classic commodity or currency -- can be difficult to value; however, he added that now could be the perfect time and place for gold.

“The best years for gold were those in which real rates were low and inflation was rising. Since 1971 there have been 12 years that fit that description, as Bloomberg data shows. Gold rose in 11 of those 12 years with an average return of over 35 percent,” he said in the commentary.

Tuesday, June gold futures settled the session at $1,276.90 an ounce, up 2.90 on the day. Currently up gold prices are up more than 20% on the year. If gold achieve a 35% return, highlighted by Koesterich, the price would end up pushing above $1,425 an ounce.

“This is exactly the type of environment that has historically been most favorable to gold,” he said.

Koesterich isn’t just talking a big game, the firm invested heavily in the gold market in the first quarter of 2016.

According to SEC filings, BlackRock Inc. significantly increased its exposure in the world’s biggest gold-backed exchange-traded fund SPRD Gold Shares (NYSEARCA: GLD). According to the company’s filings, in the first quarter BlackRock Inc. held a total position of more than 145,000 shares of GLD, valued at more than $14.4 million, up from 34,030 shares valued at $3.45 million from the fourth quarter of 2015. So far, major media outlets failed to cover the news.

BlackRock Advisors, a subsidiary of the firm, also saw an increase in its holding of GLD. The private investment arm increased its holding to 10.36 million shares, valued at $1.2 billion, up from 1.94 million shares, valued at $196.7 million.

Last quarter, GLD saw its largest inflow in 7 years, totaling $7 billion.

By Neils Christensen of Kitco News

Looking at the chart, both gold and silver remain in the “early bull trends” part of their cycles and would be a “buy” right now.
 

Projects and Arizona History

 

  • The Keystone Mine (173 Acres Private and Patented)
  • Maricopa County Iron Ore Placer Claims (7 Square Miles)
  • 1240 Acres of Diatomaceous earth in Southern Arizona
  • 640 Acres of Bentonite Clay in La Paz County
  • Iron Dragon Mine (5000 Acres) Placer iron
  • Fort Misery, Humbug Mine (36 Acres) SOLD
  • Gold Nugget Project (640 Acres) SOLD
  • Jackpot Placer Project (730 Acres) JOINT VENTURE

____________________________________________________________________________________________________________

History of Mining in the Plomosa Mountains

In 1862, Captain Pauline Weaver found the Indians along the Colorado River had gold nuggets to trade. In numerous prospecting trips found that the La Paz, Trigo, and Farrar Placers had been extensively worked by people the Indians would not discuss. By 1866 the La Paz diggings had extended around the Dome Rock Mountains west of Jackpot and into Goodman Arroyo, Arroyo La Paz, Farrar Gulch, and over into Middle Camp and southward into the Orb Fino and La Cholla Placers.

In 1873, the U.S. Government extended the Colorado River Indian Reservation southward, and another south extension was granted in 1876, which included most of the La Paz Placers. This greatly restricted mining and the La Paz placers were practically deserted, with most of the mining moving eastward to the Plomosa Mountains. Here again the placer miners found that an earlier people had mined the Plomosa Placers, with most work within the shallow ground where the bed rock was easily reached. By 1878, the Plomosa Placer, New York Placer (Smith Wash), and the Plomosita Placers were being worked. These placers extended southward along the western slope of the Plomosa Mountains and west of Scaddan Peak and Elephant Back Peaks.

The gold was recovered entirely by dry washing in gold pans or wooden bowls called "bateas". Picks and shovels were used to break up and handle the gold bearing material, and then it was processed for dry washing by using steel bars three or four feet long as pestles beating the rock in mortars. With such crude methods the miners were only able to recover the coarser gold and they threw away all the lead and iron that contained fine gold, as this interfered with their dry washing. It is estimated that over three million dollars worth of gold was recovered in the years 1868 to 1908.

The gold nuggets recovered in the late 1800’s ranged in value from five cents to 10 dollars. Slugs of gold commonly contained in the bedrock crevices were worth $20 $40. The largest nugget found was valued at over $1100. With the introduction of the dry washing machine, the average hard working miner was able to make over $100 per day when gold was priced at $20.40 per ounce. In 1916, dry placer operations were successful in the Plomosa district, with depths of 20 to 30 feet being the lower limit to mining and a plant capacity of 1000 yards. The 1901 to 1931 value of production from the Plomosa placer district was stated as $44,826, and there were 100 men working the district during the 1932 to 1933 winter.

PLOMOSA DISTRICT: is near the town of Quartzite on La Posa Plain, between the Plomosa Mountains on the east and the Dome Rock Mountains on the west. This is mainly a placer district; however, gold, copper, and lead have been produced from lode mines. In 1862, prospectors on their way west to the rich La Pat gravels found placers on the east side of the Dome Rock Mountains, at Oro Fine, La Cholla, and Middle Camp. These were worked intermittently until the 1950's, and several unsuccessful attempts were made to mine the gravels on a large scale. Gold, copper, and lead veins were exploited after 1900 but their yield was small. Total gold production of the district through 1959 was about 24,570 ounces: about 19,400 from placers and 5,000 from lodes.

Modern Mining History

American Bonanza Gold Corp, currently trading on the Nasdaq and American Stock Exchange, took over the Cypress mining project in Quartzsite Arizona (reverse merger), which previously mined over 500,000 ounces of gold on the same trend as the Plomosa 19 Placer Project (Walker Lane), and has identified an additional reserve of 410,000 ounces. American Bonanza is currently drilling and blocking the reserve, and preparing for a large scale mining operation.

The Mesquite Mine was operated between 1985 - 2001 by Goldfields Mining Corporation, Sante Fe Minerals Corporation, and finally Newmont Mining Corporation, who suspended the mining operations in 2001 due to low gold prices and unfavorable economics to continue a mine expansion. At the time of closure, Newmont continued the permitting process for a mine expansion. The expansion permit was approved on July 16, 2002, but due to low gold prices Newmont elected not to reactivate mining at Mesquite. Western Goldfields, Inc. acquired the mine in 2003 and has continued to produce gold from ore placed on heaps by the previous owners.