Dolores River Rico, CO 81332

In the heart of the rugged San Juan Mountains, between alpine meadows, dense forests, and historic mining towns, flows the legendary Dolores River—a river that has carried gold through its gravels for centuries. South of the historic mining town of Rico, Colorado, this 20-acre unpatented mining claim lies a stretch of this river that remains one of the most promising placer gold regions in the state.

The claim is only 30 miles to the beautiful resort community of Telluride, Colorado (29 miles to the Telluride Regional Airport), 2.3 miles to Rico, and 35 miles to Dolores.
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The Dolores River flows through one of the most geologically rich regions in the American West. Just upstream lies Rico, a historic mining boomtown established in the 1870s during Colorado’s silver and gold rush. The region’s lodes have produced millions of dollars in precious metals, and the same mineralized veins that supplied those historic hard rock mines continue to shed placer gold into the Dolores River system.

South of Rico, the river winds through terrain that still holds placer gold deposits in its gravel bars, banks, and tributaries. Modern tools, techniques, and geological knowledge make this a prime location for serious recreational prospectors.

Old Glory is located in Section 11, T39N, R11W, on the Dolores River. A 20 acre unpatented claim located in a prime location for prospecting. Reports issued by the USGS and Colorado Geological Survey, as well as other published geographical materials, highlight this area for placer gold potential.

Publications Discussing the Dolores River:
From the U.S. Geological Survey publication, "Mineral Resource Potential and Geology of the SJNF". Showing areas favorable for placer gold deposits. "The known Au-bearing placers in the Forest are (K1) the upper Dolores River placers downstream from the Rico mining district..."

From the Colorado Geological Survey publication, "Gold Panning and Placering in Colorado, How and Where". Showing Southwest Colorado Placers. The Colorado Geological Survey discusses the Dolores River south of Rico, CO: "There are placers along the Dolores River from the mouth of Burnett Gulch..."

From NM Geological Society-Nineteenth Field Conference publication. "The placer deposits near Rico and at Baker's Bridge contain some unworked gravels of good grade. Those near Rico may be worked in the future by small-scale methods..."

Discussing the Rico Mining District, the U.S. Geological Survey publication, "Mineral Resource Potential and Geology of the SJNF" notes that the district has produced about 83,000 ounces of gold, 14.5 million ounces of silver, along with copper, lead, and zinc.

Gold Prices Are High—And Still Rising:
From CNBC website (October 7, 2025)…
“Gold price reaches $4,000 an ounce for the first time ever - The precious metal has soared this year as investors seek a safe haven from a weaker dollar and geopolitical and economic uncertainty.”

With the price of gold topping $4,000 per ounce, placer mining is no longer just a hobby—it’s a potentially profitable endeavor. As inflation persists and global instability rattles financial markets, gold continues to shine as a reliable store of value.

Recreation
The historic town of Rico—a “slice of paradise” perched along the Dolores River—serves as the gateway to a wildlife-rich playground that spans four seasons.

The Dolores River is renowned for its brown trout, cutthroat, cutbow, and rainbow trout as well. Below McPhee Reservoir is a hotspot for big trout in bigger numbers, while the more rugged headwaters above Rico are ideal for targeting wild cutthroats in serenity.

Horseback Riding, OHV & Camping
•Valley paths and sanctuary forests invite horseback rides, while multiple OHV-accessible roads beckon OHV/ATV adventurers—all within San Juan’s boundaries.
•Rustic campsites dot the region: enjoy lakeside evenings, roaring rivers, and the open sky—ideal for hikers, bikers, and families alike.

Alpine Hiking & Backpacking
Hikers can immerse themselves in a wild blend of spruce fir forests, rugged canyons, and riverside meadows.

Prime Big Game Territory
•Colorado Unit 71 spans over 520?sq mi, featuring elevations from 7,000 to 14,160 feet and approximately 84% public land: ideal for backcountry elk and deer hunts.

Winter Sports & Snow Adventures
•Backcountry skiing, snowshoeing, and cross country adventures are readily accessible in winter’s wake, with access to both San Juan and Uncompahgre National Forests.
•For snowmobiling and Nordic ski rentals, numerous outfitters cater to winter explorers – from gentle forest trails to deep snow expanses.

Historic & Cultural Gems
•Discover Rico's Victorian era charm: the Historic Courthouse, William Kauffman House (circa 1891), and old mercantile buildings offer a rich look into an 1880s silver boom mining town.
•Visit the Rico Historical Museum, stroll antique shops, or unwind in the local Prospector Bar & Grill—experiencing the town’s laid back, authentic vibe.

Quick Facts
BLM Serial Number: CO106743422
Elevation: 8,773 feet
Acres: 20
Claim Type: Unpatented Placer Claim
County: Dolores County
Mining District: Rico
Commodities: Gold
Land Type: River Bank / Terrace
Legal Land Description: E1/2NW1/4NE1/4, Section 11, T39N, R11W
Access: Colorado Highway 145
GPS:
•NW: 37.666008, -108.039896
•SW: 37.6624055, -108.0399228
•SE: 37.662475, -108.0376446
•NE: 37.66608, -108.0376187

What Is a Mining Claim?
A mining claim is a parcel of federal land where an individual or company has the exclusive right to explore for and extract valuable minerals under the Mining Law of 1872.

A mining claim is a federally recognized right to the minerals and use of the claim for prospecting and activities necessary for that purpose. You don’t own the surface estate, but you do own the exclusive rights to prospect on your claim.

When you own a mining claim, you hold a real property interest—transferable, sellable, and inheritable. You also gain the exclusive right to prospect for gold and other minerals on that land.

But beyond mining rights, claims are also used for camping, fishing, hiking, and recreation.

For a fraction of the cost of traditional real estate, a mining claim gives you exclusive rights to some of the most scenic, historic, and gold-bearing ground in the West.

Can I build a cabin?
Temporary camping structures, RVs, and tents are allowed. Permanent structures usually require BLM or Forest Service approval (you cannot build a home or cabin on an unpatented mining claim).

Do I have to mine?
Not at all. Many owners purchase claims mainly for recreation – camping, fishing, hunting, and enjoying the great outdoors.

How much does it cost to maintain a claim?
Annual BLM maintenance fees are typically $200 – far less than property taxes on comparable mountain real estate. If you own less than 10 claims, you qualify for a small miner’s waiver, which reduces the cost to $15/year per claim.