0000 Silver St Silver Plume, CO 80476

The Dives-Pelican Seven-Thirty Mines are a historical offering comprising 122 patented mining claims, representing approximately 350 acres situated above the town of Silver Plume, Colorado. This region experienced a surge of prospectors starting in the 1860s, leading to the establishment of Silver Plume by 1880, as miners recognized the area as one of the richest silver mountains in the state. Access to the properties is facilitated by the 7:30 Mine Trail, offering hikers an interactive exploration of the area's mining history. The Griffin Monument, a 10-foot tall granite landmark atop an outcropping precipice, is located on the property. A 2002 evaluation by Mining Engineer Albert Barnhard, utilizing research from the Colorado School of Mines Library and the Georgetown Colorado Public Library, estimated that the properties contain good grade ore with a gross value of $1.3 billion (in 2002 estimated values), with the potential for discovering hundreds of millions of dollars more in ore values through prudent exploration and development. The owners hypothesize that increasing global demand for rare earth minerals may necessitate tapping into domestic resources from existing ore deposits.