MINDEN, Nev. (KRNV & MyNews4.com) -- A 160 acre mine site in Douglas County is going to see its first activity in decades after a Florida-based company bought the exclusive mining rights to the property.
It's a plot that it seems no area officials even knew existed.
The company is Gold Mining USA Inc. and they've bought the operating rights for land in northeast Minden they call the Gypsy Mine.
The company's vice president of operations, Brian Jenkins, said it could very well be a hidden treasure.
"When one thinks of Nevada they think of gold," Jenkins said.
Which is why Gold Mining USA - a Florida-based, Australian-run company - came to the silver state.
Jenkins said the Gypsy Mines haven't been actively mined since the 1970's.
"It's quite possible to be a large production facility, which is our goal," Jenkins said.
The company's reports estimated they will about 15-16 grams per ton each year from the property.
"It compares slightly higher [than average]," Jenkins said. "I think on average they're going anywhere from 6 to 12."
Jenkins said over the years only about 5 percent of the gold stores have been mined.
"There's a lot of milling gold that's on that property," Jenkins said. "[That] doesn't require a lot of chemical washing, which depletes gold."
Jenkins said they will get to work later this year.
"Conservatively I'm saying within about 6 to 8 months," Jenkins said.
Once they're up and running, Jenkins said they're going to need local manpower. He isn't sure exactly how many jobs they will create, but said it could be up to 500.
The company also has one project in Esmeralda County.