- Deposit Type: Hard Rock
- Commodity: Aluminum, Antimony, Cadmium, Cesium, Copper, Gold, Lead, Magnesium, Manganese, Rubidium, Silver, Titanium, Tungsten, Zinc
- State/Province: CA
- Country: United States
- Latitude: 36° 16' 32'' N
- Longitude: 117° 34' 37'' W
ASKING PRICE: $24,000,000 for 100% ownership
INCLUSIVE CLAIMS: AJAX (11 claims), REVENUE (19 claims), COSO (4 claims), ACE (4 claims), OLD TIMER (2 claims) located on 800 acres
LOCATION: All claims are located are in Inyo County, close proximity to Darwin, California and all claims are accessible.
APPROXIMATE VALUE OF CLAIMS: It is estimated by an international finance company that the total value of the AJAX, COSO, and REVENUE claims combined are $13.3 billion. We do not have any estimates for the ACE and OLD TIMER claims. A Salt Lake City company also estimated the value of the AJAX claims alone at $3.2 billion.
HISTORICAL MINING: Area mined since 1874. Claims either contain or are located in close proximity to approximately 85 historically successful mines with the prominent mining company being Anaconda Company, the previous owner of these claims.
PRECIOUS METALS: The region is famous for silver, gold, lead, zinc, tungsten, and copper. The assays from four separate geologists show a broad range of other minerals including rare earths which have been left un-extracted.
TAILINGS: It is estimated that the tailings and dumps on these claims contain approximately $12,000,000 value in various materials. 40 different minerals have been assayed on the site of these claims.
MINING TYPE: Lode mining and open pit with on-site processing and refining. A virtual water leach recovery system can be used that does not require toxic chemicals
MILL PROCESSING SITE AVAILABLE: A six square mile site of BLM land near the claims has been deemed available for a processing site.
Cherrie Tilley, Miner of the Year 2013, is in the process of raising funds to acquire this property
Setup Time for Full Operation: 3-6 months
Projected Production: 1,000 tons per day
The water leaching extraction method will cost $7 per ton, regardless of mineral content
Total value per ton: $1,100 (for the top 17 minerals)
Quick Facts on AJAXLocation: Darwin Hills, one mile east of Darwin, California
Surrounding region mined since: 1874
Surrounding region famous for: silver, lead, zinc, gold, antimony, tungsten, copper
Most prominent, former miner: The Anaconda Company
Type of project: lode mining
Number of claims: 11 20-acre claims
Types of claims: unpatented on federal (BLM) land; fully maintained through 2013
Number of minerals assayed: 40 featured
Top minerals at Ajax: gold, boron, sodium, lanthanum, rubidium, silver, scandium, copper, thorium,
Project description: open pit; on-site processing and refining to 95%+; extraction in 10-12 days; non-
toxic technology; combined exploitation and remediation
Setup time to full operations: 3 to 6 months
Projected production: 1,000 tons per day
Projected production value: $768.75 per ton
Yearly revenue projection: $192.2 million
Total annual costs: $20.9 million
Break-even point: 109 tons per day
strontium, titanium, aluminum, magnesium, manganese, cadmium, caesium, zinc
Geological Reports and InfoExtensive amounts of geological information and surface sample assays are available.
Access all of the information on the AJAX/Darwin Mines here:
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Additional Summary InformationAsset.
Eleven claims called “Ajax” located west of Death Valley.
Primarily mined for silver, lead, and zinc in the past.
Each claim is 20 acres. Total acreage is 220.
A full range of precious, standard, and rare earth minerals.
The famous Custer Mine is situated in the middle of the claims.
Custer Mine production history.
Operated from 1893 to 1949 (56 years).
Silver appears to have been mined every year.
Gold may have been mined in only 1/2 to 2/3 of those years.
Average gold production: .15 ounces per ton
Average silver production: 16.72 ounces per ton
Maka V and Marleyco have had surface samples professionally assayed.
Average gold content: .13 ounces per ton
Average silver content: 2.336 ounces per ton
A broad range of other minerals showed significantly in the samples.
Status quo: Barrick's website states its “total cash cost of gold extraction” in 2012 is $550-575 per ounce.
Current leaching methods use cyanide and ammonia.
The Ajax Project process: The water leaching extraction method will cost $7 per ton, regardless of mineral
content. So, for .15 ounces of gold per ton, the total processing cost of gold extraction will be $47 per
ounce, and no cyanide or ammonia will be used.
The top 15-17 minerals will be targeted for extraction, where feasible.
Total tons per day to be processed: 1,000
Total value per ton: $1,100 (for the top 17 minerals)
Remediation and Reclamation.
Performed concurrently with exploitation and extraction.
Heavy and toxic metals (like arsenic and selenium) will be neutralized.
Ongoing landscape planning will assist to return spent ore to the terra firma when it is safe and clean.
Four developments as of 17 October 2012.
1. Maka V has recruited University of Utah Professor Ilija Miskovic, PhD, who is willing to bring a wealth of
academic and industry expertise to the project. Initially
Geological ReportThe report on the Darwin Hills geology, entitled, “TECHNICAL REPORT ON THE DARWIN MINES INYO
COUNTY CALIFORNIA,” is the product and property of Peter H. Hahn, a Certified Professional Geologist
(CPG – an accepted industry credential issued by the American Institute of Professional Geologists to those
with a significant combination of higher education and professional work in the field) whose office is
located in West Jordan, Utah. Mr. Hahn is the owner of the document, and Maka V (via Marleyco) obtained
express permission from Mr. Hahn to circulate his report as a description of the geology beneath the Ajax
(and Coso and Revenue) mining claims.
Mr. Hahn originally conducted his study of the area with the Darwin Mine being its locus, primarily
because it is the largest mine in the vicinity, it is still somewhat active, and because the owner of the
Darwin Mine had requested some professional insights into his own claims (as he is likewise seeking
investment for his operation).
Mr. Hahn's geological report is applicable to the Darwin Hills, including all of the area on which the Ajax,
Coso, and Revenue claims are found, and one might extrapolate from it a sound understanding of the
geology of the entire district. In the report, Mr. Hahn notes, “The Darwin mine, and geology of the
surrounding Darwin Quadrangle, has perhaps been studied as intensively as any mining district in
California with the exception of the Mother Lode.” (The “Mother Lode,” of course, is the site in which
Sutter's Mill is found and where the original California Gold Rush occurred.) Since the Ajax claim is
situated less than a mile from the Darwin Mine, it can be safely assumed that this report would cover both
sites, as they would share nearly identical geology. Nonetheless, Mr. Hahn has expressed a willingness to
certify that fact and answer questions about his report.
Visit: minesinvest.com/mines/darwinmines to access this