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Historic Pan Shot Frank

20 Acre Placer Claim – Basin District – Jefferson County, Montana

Montana Gold And Silver Mines is proud to present the Historic Pan Shot Frank Placer Mining Claim for sale. This is a 20 acre unpatented placer mining claim for sale exclusively through Montana Gold And Silver Mines. The claim is located just outside of Basin, Montana and has been properly staked and marked. All Montana Gold And Silver Mines claims have been carefully surveyed, mapped and researched. Field work is completed by our own experienced, well educated Mine Survey Team.

Remote Montana gold mine. Basin Creek runs in the middle of the claim with plenty of year round water for all your mining needs. During surveying gold was easily found in the material by panning. The claim boasts excellent access and does get visitors driving through on the road. The claim was originally surveyed by Montana Gold And Silver Mines and sampled for rich, free gold deposits in the gravels.

The creek bed is estimated to be over 600 feet on this claim. There is year round water in the creek. There is likely to be some native silver and possibly some relics to be found on the claim but the primary commodity will be gold.

Remnants and items seen in the area indicate there has been work done after 1900. It is estimated by the surveyors that the claim has been worked intermittently in the early 1900’s. No effort to mine for many decades is evident and as the gold has washed down over the decades from the hills and gulches, it has replenished the gold found on this claim.

There is direct road access to this claim and plenty of room for staging, parking and other operations.

The best gold is on bedrock. Basin Creek is one of the creeks in the district that was mined by hand in the late 1800’s. There is still good gold on bedrock on this claim. Huge amount of info not listed so if your interested in a gold placer mine feel free to give me a call or text at 406 219 1497. Ken

The Bureau of Mines has estimated that demonstrated U.S. reserves of gold are 85 million ounces. Approximately one-half of the total resources are estimated to be by-product gold, while 40% of the remaining one-half (56 million ounces) could be mined for gold alone … Most U.S. gold resources are in the nation’s western states. About 80% of the U.S. gold resources are estimated to be in Alaska, California, Idaho, Montana and Washington. (Earthsearch, Inc. 1983)

History of the Mines

The Pan Shot Frank Mine is located in the northwest quarter of section 35. It is the closest claim available to Basin on Basin Creek. Pan Shot Frank claim is about 6000 feet in altitude.

While it is sometimes said old mines have been ‘worked out’ as the saying means there is no gold left, the truth is “it is better to say they are worked over; it is also true that the primitive methods used and the wasteful haste to get rich indulged in, left much of the gold in the ground, so that improved methods … will give even better results than those first obtained.” (MBMG Open Report 466)

Montana Gold And Silver Mines Pan Shot Frank

Montana Gold And Silver Mines Pan Shot Frank

Montana is ranked 7th by the USGS for total gold production in the US and has 31 mining districts. Gold production for the 1800’s to 1968 is 17.8 million ounces and large amounts of gold have been mined from 1968 to present. Geologists have predicted that based on the past and the geology of Montana that several large gold and silver deposits will be found and developed in the future.

Mine Details:

Access to the Mine You can drive a full size truck to the mine
Tailing Present None. Loose gravels in the creek bed of small pebbles to larger boulders. Boulders are great places for the gold to hide. Benches on both sides of the creek are virgin ground.
Depth / Length Over 600 feet of creek bed gravels. 1320 feet side to side with gold bearing benches.
Minerals in the Mine Historically mined for gold. Minerals of quartz, pyrite, galena, gold, black sands with rare earth minerals would be expected.
Foot traffic at the mine Some
Last Worked Unknown but probably at least 50 years ago or longer.

Montana Gold And Silver Mines Pan Shot Frank GE

Aerial view of claim and boundaries.


Number of Mines 1 Placer
Nearest city with amenities Boulder, approximately 14 miles
Access to the Claim A very good dirt road breaks off from the Interstate and runs all the way onto the claim.
Parking and Staging on the Claim Claim is situated on open rolling hills that allows for parking of several vehicles if desired.
Resources Year round water, grasses, sage and trees
Structures on claim None
Elevation Aprox. 6000 feet


Pan Shot Frank

All the gold flows from the creek and mines above down a steep incline and enters this claim. There are many great gold traps in the creek on this claim.

Pan Shot Frank

This is the perfect place to mine undisturbed by yourself in seclusion.

Pan Shot Frank

Or bring the whole family and have a lot of fun in the great outdoors!

Pan Shot Frank

Over 600 feet of creek bed to mine and 20 acres of gold bearing material

Pan Shot Frank

Pan Shot Frank

Pan Shot Frank

Pan Shot Frank

Both the bench and creek bed hold gold and are well worth your efforts.

Pan Shot Frank

There is plenty of gravel in the creek bed as well as the benches which are virgin ground.


Total Workings

600+ feet of creek bed estimated. This assessment is based on what surveyors observed while on site.

Montana Gold And Silver Mines Rating 5


Montana Gold And Silver Mines Rating 5

Accessibility / Location

Good 2-wheel drive truck or RV.

Montana Gold And Silver Mines Rating 5


Free milling gold, gold nuggets or gems

Montana Gold And Silver Mines Rating 5


Wood, Shade, Trees, Year Round Water

Montana Gold And Silver Mines Rating 5

Economic information about the deposit and operations

Operation Type Placer
Commodity type Metallic


  • Gold- Primary

Nearby Scientific Data

  • Boulder batholith and broadly related stocks


USGS Database – 10196594, 10019677

Basin District Information

The Basin, Cataract, and High ore districts are primarily underlain by quartz monzonite of the Boulder batholith. The quartz monzonite of the northern portion of the district is overlain by tertiary dacite, and the quartz monzonite on the western edge of the district is overlain by late Cretaceous andesite. The andesite deposits are pre-batholithic, and the dacite deposits are post-batholithic. The andesite and monzonite formations are cut by dikes of dacite and rhyolite.
The district contains both placer and lode ore deposits. A unique formation in the district is a disseminated gold deposit in granite, which occurs west of Basin along Red Rock creek (Sahinen1935:47).
Gold deposits at the mouth of Cataract Creek were reported to have been located as early as the summer of 1862 by prospectors who staked claims. However, these claims were quickly abandoned for the reportedly richer diggings on Grasshopper Creek. These abandoned claims were then acquired by James and Granville Stuart, and Reece Anderson who built cabins at the mouth of the Cataract Creek. Two years later placer deposits were found two and a half miles further up the creek but, although rich, the ore was too difficult to work and the claims were abandoned. Soon after, however, placer mining activities quickly spread over the length of both Basin and Cataract creeks. Some of the deposits turned out to be moderately profitable, although nothing like the bonanza placers at Last Chance Gulch or Alder Gulch were encountered (Lyden 1948; Wolle 1963; Becraft et al. 1963).
A small mining camp grew up on the flat at the confluence of the Boulder River and Cataract Creek, but when the town of Basin was established at the mouth of Basin Creek a half mile to the west, the buildings at Cataract were gradually moved to Basin, eventually leaving no trace of the Cataract camp (Wolle 1963).
In 1880 the cluster of cabins at the mouth of Basin Creek officially became Basin City. Over the next two decades the town was an active camp, supplying the mines and miners in the district (Knopf 1913; Wolle 1963). It prospered in spite of several disastrous fires, the last occurring in 1893, and by 1905 the population had reached 1500 persons (Pardee and Schrader 1933; Becraft et al. 1963; Wolle 1963).
Few production records were kept during this period but it has been estimated the Basin district produced about $8,000,000 in gold (Pardee and Schrader 1933; Becraft et al. 1963). Most mining throughout the region south of Helena, from this point on, consisted of smaller-scale operations, carried out with limited capital and equipment. For the most part, old tailings dumps were reworked or old mine workings were reopened on a reduced scale. The Basin district, however, was somewhat of an exception to this trend with a number of major mining operations being developed after the turn of the century.

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