IC 6735 Cost Of Equipping And Developing A Small Gold Mine In The Bradshaw Mountains Quadrangle, Yavapai County, Ariz. ? Introduction

This paper describes in detail the cost of equipping and developing the Golden Belt mine, Yavapai County, Ariz. These costs should be typical of the average small gold mine in central Arizona which has been equipped with used machinery a, a minimum of capital expenditure. The conditions of remoteness, transportation, water, and power supply are about average for properties in the Bradshaw fountains and that vicinity. There are several mines in the district in the process of development and several dormant properties that might be opened in the future. The Golden Belt group of claims was taken over by the present management in May, 1931. Although some active development has been carried on in recent years, resumption of work at the old property required entire rehabilitation of the equipment and camp. As the water level had not been reached, there was no problem of dewatering. In the presentation of costs in this paper an evaluation of the cost of equipment and development work as taken over by the Golden Belt Mines, Inc., has been made. Enact data, however, on previous exploration and construction costs are lacking. The total cost of equipping and developing the mine to its present stage has been obtained by adding the disbursements of the present management to the above-mentioned evaluation. These costs do not include the cost of replacing camp, equipment destroyed by fires, of unsuccessful milling experiments, management, or obsolete equipment on the property.