In addition, though the attempt to re-open the shaft was unsucessful, the work exposed high grade ore in the vicinity of the shaft and included the discovery of  multi-ounce values as well as visible free milling gold in the ore. In 2005 Parkinson Geologic Services provided the below estimate of the Measured, Indicated, and Inferred Resources of Gold in the Yellow-Jacket Mine. Surface and underground field investigations of the property, assay results from PGS field Investigations, a review of the geology and assay results from 2004 core drilling and an evaluation of historic reports describing the mineralization existing at theproperty. The estimate of gold resources below does not include the potential mineral resources the Phoenix Mine patent may contain. This 20 acre property and mine  are owned by Transatlantic as well and is contiguous with the Yellow Jacket patent but on a different vein structure. Historic records and reports on the Phoenix Mine strongly support the potential for additional high-grade gold mineralization, similar in grade to that identified within the Yellow Jacket Mine. The Arizona Department of Mineral Resources Field Engineers Report from 1959 states that the Phoenix vein was reported to have averaged 0.47 ounces per ton.


YELLOW JACKET MINE RESOURCES
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Tons Resource Type     (short tons)

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Measured          740,000 
Indicated         560,000   
Inferred          4 Million 
Total Resources   5.3 Million
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Grade        Resources (ounces)
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0.37             274,000
0.25            140,000
0.09            360,000
0.15            774,000

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The wall rock is Jurassic welded tuff cut by two rhyolite dikes. The veins are in a shear zone created by the fault that is 30 to 50 feet wide, containing blocks of dark bluish gray quartz. Rhyolite dikes have intruded the vein and adjacent wall rocks. Two main parallel veins intersected by cross faults are easily identified both on  the surface and underground. The Yellow Jacket vein averages 20 feet wide and dips 70 NE and the Green Vein averages 3 feet wide and dips 40 NE. The Yellow jacket Claim covers about 20 acres. 

In 2003 geologist Nick Barr was hired to perform a preliminary geological investigation of the Yellow Jacket and Phoenix Patents as well as portions of adjoining properties. This investigation included geologic mapping of both surface an sub-surface structures as well as rock sampling. The initial field work was focused on accessible underground workings and large surface trenches designed to expose mineralization. In addition historical mine references were compiled and used for reference. The Yellow Jacket Mine mineralization occurs as a series of quartz veins occurring in a major fault zone, The veins are from 2 to 30 feet in width and contain disseminated auiferous sulfides and sparse base metal sulfides as well as largely oxidized supergene gold and silver.

The ore zone strikes NW-SE and dips steeply to the N. E.

TheYellow Jacket Mine

Welcome, the Yellow Jacket Mine is owned by Transatlantic LLC. This historic gold producer is located in Santa Cruz County, Arizona, about 75 miles SSW of Tucson and lies at an elevation of about 4,500 feet. Progress is currently underway to bring the Yellow Jacket mine into production. This involves securing all  County, State and Federal permitting, developing the mining plan and plant engineering aswellas acquiring equipment and assembling a work force. The Yellow jacket Mine has a proven resource of 274,000 ounces of gold contained in  about 740,000 tons of ore. This means the Yellow Jacket mine has a minable ore body grading  an average of .37 ounces of gold per ton (.37 opt/Au) or well over 1/3 of an ounce of gold per ton. In todays market with the price of gold holding at about $1,000 per ounce, this grade of ore will equate to a dollar value of over $350 per ton. High grade areas within the structure are not included in this calculation nor is the silver value contained in the ore.

 YELLOW JACKET MINE

TRANSATLANTIC LLC

In 2004 an independent joint venture proceeded with further testing of the Yellow Jacket vein structure with an exploration program that included rock chip sampling as well as local soil grid geochemical testing and core drilling. In addition an attempt was made to open the main shaft using a trackhoe excavator and bulldozer. The  drilling program that comprised of four diamond drill holes, intecepted sigificant values across the two mineralized structures at depth.

                                                                     Yellow Jacket Mine History

Early history begins after the Spaniards found and worked out the Planchas de Plata silver deposits located in what is now northern Mexico. Soon the Jesuit Priests moved north into the Oro Blanco District and began mining silver and gold. Spain recalled the Jesuit priests to Spain in 1767 for failing to pay a royalty to the crown. However production continued in area mines until the beginning of the Mexican/American War. When the Americans took over in 1864 they found the mines within the area in ruins with Apache Indians in control of most of the countryside.

The Yellow Jacket Mine was located by Thomas Roddick on the Ostrich lode on July 31, 1874. A partnership of Robert Leatherwood, John Bartlett, and Doctor John C. Handy operated the mine through "indenture" agreements with Roddick. There was commercial production throughout the 1870’s, with great expectations for the future. Milling the ore had up until this time mostly used arrastras. However, in 1875 the Ostrich Mine located to the south and east built a 20 stamp mill 2.5 miles to the east of the Yellow Jacket and most ore was then hauled to that mill.

Dr. John. C. Handy acquired the Yellow Jacket Mine in 1881 and owned it until 1889. He retained Robert Leatherwood and John Bartlett as his partners. During much of the time, the mine was idle. In 1883 Leatherwood patented the Yellow Jacket Mine. The Yellow Jacket Mine resumed operations in the early 1890’s and in 1892 miners build a 20-stamp mill.The mine produced intermittently depending on prices and labor availability for many years. By 1890 the main Yellow Jacket shaft had reached a depth of 50 feet and remained in excellent ore. A settlement was built including a school and saloon.

By 1892 the Yellow Jacket shaft reached a depth was 250 feet with work continuing on four levels in1,200 feet of tunnels. Water for the Yellow Jacket Mill came from the mine at a rate of 40 gallons per minute, much more then what the milling operation required. Eventually this water supply would become a problem as pumps that could handle that volume were difficult to acquire in those days

In 1915 a Philadelphia company reopened the mine. Edward E. Noon, the grandson of Adolphus Noon, the owner of the Austerlitz mine, was the foreman for the Yellow Jacket. The new owners re-habilitated the mill, cleaned out the shaft, re-timbered the adit and put the mine back on a paying basis. However with the advent of WWI the mine operated only intermittently before and after the war.

In 1930, Charles Farra obtained gold samples that when ground and concentrated showed values ranging from of $38,000 to $58,000 per ton. Mr.Farra and his associates acquired the rights to mine the Yellow Jacket and, began de-watering the mine. During the Great Depression and prior to FDRs closing of gold mines, 18-25 men worked at the Yellow Jacket Mine and mill works producing gold.

In 1959 activity again surrounded the mine as owner C. A. Johnson of Lakeside, Arizona, leased the mine to the Canadian Gold Mining Company in order for them to perform exploratory work. The company worked three-shifts per day during operations to repair the old shafts, drifts and crosscuts. They cleaned out and re-timbered the main adit, and proceeded with geologic geological examinations. The Company sampled the ore from the surface down to the 250-foot level and though good values were found the price of gold was frozen at $35.00 per ounce. .5 opt/au to 1.5 opt/Au grades were not favorable at that price so the Company terminated operations and canceled it’s lease.


In 1969 President Nixon took America off the gold standard and that un-froze the price of gold. In 1972, 40-year Arizona speculator and prospector Charles Lemons bought the Yellow Jacket Mine. Mr. Lemons began to build a small high grade mill through which to process ore. The mill was never completed as Mr. Lemons "preferred his gold safe in the ground". Charlie Lemons held the mine until his death. Mr. Lemons’ wife Mildred assumed ownership of the mine until 1999 when she sold it to. According to recent independent geologic reports and historic records the gold deposit contains about 274,000 ounces of gold.Type your paragraph here.