"The market is heating up," said David Treadwell, a real estate agent based in Hemet. "I get 2-3 leads per month on buyers looking for patented mine claims. If you can get the gold out of the ground, there's money to be made." Treadwell's experience shows how the rising gold prices are driving interest in mining properties, marking a significant shift in a long-stagnant sector.
"From there, people would call and say, 'I saw you're selling a gold mine. Wanna sell mine too?'" Treadwell explains how his efforts in advertising led to a surge of interest in buying and selling mining properties. This highlights the interconnectedness of real estate marketing and the burgeoning demand in this niche.
Last year, he sold the St. Elmo mine - a historic mining property in Atolia with 11 mining shafts on it, some of them hundreds of feet deep - to entrepreneur Sean Tucker. The transaction underlines the value and allure of historic mining sites in the context of today's gold rush.
On a cold November Tuesday, a mile outside of town, Tucker's bright yellow Diedrich D-120 drill rig pierces the desert silence. His two-man team is drilling holes and gathering samples to see which spot has the most gold to set up larger mining operations next year. This marks the beginning of renewed mining activity in the area.
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