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Los Padres National Forest Land
Gorman, CA 93243
Castac (Castaic) Gold Mine · Land For Sale · 58.06 AC
Investment Highlights
- Productive Gold Mine
- Piru Creek runs through parcel
- Private parcel surrounded by National Forrest
Executive Summary
PROPERTY FACTS
Sale Type | Investment | Property Subtype | Agricultural |
No. Lots | 1 | Total Lot Size | 58.06 AC |
Property Type | Land |
Sale Type | Investment |
No. Lots | 1 |
Property Type | Land |
Property Subtype | Agricultural |
Total Lot Size | 58.06 AC |
1 Lot Available
Lot
Price | $999,000 | Lot Size | 58.06 AC |
Price Per AC | $17,206 |
Price | $999,000 |
Price Per AC | $17,206 |
Lot Size | 58.06 AC |
Description
The investment offers a singularly unique opportunity to acquire the land and productive gold mine. The Castac Mine property includes 58+ acres of surface area and approximately 1 mile of open shafts. The property is completely surrounded by miles of National Forrest Service lands. The property is located approximately 10 miles south of the city of Gorman, approximately 8 miles due west of the northern tip of Pyramid Lake. Gorman is located approximately 40 minutes north of downtown Los Angeles, right off the I-5 freeway, near the LA/Kern/Ventura County line. From there it's about a 15 min drive to the main gate. Road access is via a private gated Forest Service road---property has permanent access due to "grand-fathered" easement. Property existed before Forest Service. The property & mine were originally acquired in 1938 when Klaus Kemp (current owner Karl Kemp's now decease father) won a 1/3 stake in a back-room poker game in Santa Barbara. The mine is approximately 600 feet up the side of a steep mountain face (a 30 minute hike up from the river-bottom area) at approximately 4,000 ft elevation. The property includes several acres in the river-bottom below and the relatively flat mountain-top above. From the top of the mountain (about 100 feet from the top), you could use relatively small equipment to drill/dig to the very specific largest vein, which runs approx. 3' wide and 600' in length through the property. You could also mine through the existing tunnel system, which is dry and beam-less, but in decent condition, considering no significant work has been done to it in nearly 50 years. The main entrance caved in about 10 years ago and it was intentionally not reopened, to keep trespassers from entering. The opening could be dug out & reopened in a day or less---all the main interior tunnels are passable and in decent condition. There are 3 main horizontal levels, the longest of which (the main entrance bottom level) is approximately 1000' long. The 2 higher levels and various side-shafts currently require ladders to access. There are numerous historical and anecdotal evidences of substantial gold (and other trace minerals, including silver and platinum) coming from the mine, including several certified assays. There are also several different reports and historical accounts going back to the 1830's detailing this. The original family owner, Klaus Kemp's son Karl, attempted to re-open mine in 1963, installing a mill area, ore-bin and re-installing cables, cable-cars from the river-bottom up to the mine entrance as well as rail track inside approximately 1,200 ft inside the tunnels. He and a partner worked for approximately a year in prepping the area and mining by hand. A job-offer in Orange County ended Karl's mining bid at that time as he re-located his family. The mine-property has mainly been used as a (very) private family-getaway preserve since then, the value of this property is it's unique location---Less than an hour from Los Angeles and the only private piece for miles in any direction. There just aren't many places left in Southern California where you can shoot guns, hunt, fish and mine gold etc. in TOTAL privacy! Although there were several structures there at one time, there are no current permanent structures (aside from the 12'x15' (25' tall) ore bin on a concrete slab). There are several potential building sites. Patented mineral rights are included, with additional adjacent claims optionable to re-stake (to the owner of this property only).