Purchased in 1994, preproduction development at the Eagle River Underground Mine commenced in 1995 and the first gold bar was poured on October 17, 1995. The preproduction capital cost, net of gold produced during the preproduction period, amounted to million.
The Channel Gold mining claim (on the Klamath River) is located approximately 36 miles downriver from Happy Camp. The upriver boundary is located near the Highway 96 mile marker The downriver boundary is located downriver near mile marker along Hwy 96. Please see the road map. This is a very nice gold mining claim!