- Country: USA
- Industry: Energy, Natural Resources, Mining
- Stage: Expansion/Growth
- Years in operations: 6, Employees: 5
- Investment size: $1,000,000 / min. $750,000
- Type of investment: Equity
The World’s finest Sapphires are flawless with gorgeously vibrant colors: ‘cornflower’ blues, ‘bubblegum’ pinks, ‘mint’ greens, ‘canary’ yellows, ‘Mandarin’ oranges and orangey-violet ‘Padparascha’s’.
Have you ever heard of a single mine that produces ALL those luscious rainbows of colors? In 0.4 gram-average sizes? More than 2 kilos? Every day? Plus more than 25 ounces of gold every month?
Montana’s Eldorado-Bar mine was producing that for 6 years: from 1988 to 1993. In those 6 years, from his 27-acres of Sapphire/gold-rich gravels on his 40-acre property, Sam Speerstra extracted 1.2 million grams of natural-gem ‘gum-drop’ Sapphire rough. And, untold ounces of pure gold. It was all sold as soon as it was out of the ground.
What? you say! Montana? 0.4-gram gemmy fancy colors? Why, everyone knows that Montana Sapphires are all smallish, and greenish-blue: like Australian Sapphires!
Yes. That is what the entire World thinks…now. Because Sam shut down his Eldorado-Bar mine in 1994.
National Geographic Magazine, in its October 1991 issue, called Sam Speerstra the “King of Montana Sapphire Miners.”
August 22nd, 2013, QVC had a special sale on Montana-Sapphire Jewelry: http://sapphiresofmontana.com/index.php?main_page=page&id=25&zenid=ooesvg9465fgi8ja36akh0fae0. The stones were cut from an old stockpile of Rock-Creek material mined in the 90’s. They sold out their entire stock in one hour and forty minutes. It contained 23,000 small Montana Sapphires: total 8,000 carats of faceted gems: averaging 1/3 carat/each. The cheapest price for each piece of 14K-gold Sapphire jewelry was a couple of hundred dollars each.
According to very knowledgeable sources, there are only 1 or 2 years of existing Montana-Sapphire inventory left in the world. And, at present, there are not any commercially-producing mines in the state of Montana.
The Montana-mining legend, Sam Speerstra is now back in Montana. In 1988, he pioneered commercial Montana-Sapphire production with his Eldorado-Bar mine. He…temporarily…changed the reputation for Montana Sapphires’ colors, sizes and quality.
This year, Sam has leased a much larger Eldorado-Bar mining property adjacent to his previous 40-acre property. At 120-acres, the new property is more than four times the size of the original property he mined in 1988.
The mining area is a dry, ancient Missouri River channel, perched about 100 feet above the present-day stream you see in the image above. The mining process removes 15-50 feet of overburden soils, to reach the 3-6 foot layer of gravels, which lies on top of the bedrock. The bottom 2-feet of gravels contain the Sapphires and gold.
The new 120-acre property, from test pits, show the ancient-river channel encompasses more than 60-acres. The working proposition is there should be about 80-acres, total. The deciding factors will be the depth of – and cost of stripping – overburden: and to maintain prevailing or better Sapphire
prices as we proceed.
Drawing from his 45+ years experience prospecting and mining gemstones and gold around the world (CV available upon request), Speerstra reckons this new Eldorado-Bar property is the best gem-mining opportunity he has seen in his 45 years. It is the last great sapphire mine – last great GEM mine – in North America. His Financial Partner will profit hugely: and be part of History.
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