Description |
Terra Firma Auction Services is a third party auction service acting as a foreclosure agent for the seller. The seller has agreed to offer the following property foreclosure at NO RESERVE.
Legal Description:
Monarch Silver Property - MRO- 20 acres
Serial: NV102159432
Lincoln County, Nevada
SEC 8, T2N R66E, MDB&M Meridian.
It is recommended that perspective buyers conduct their due diligence, including in person visit to the properties.
If you are unclear on any aspects of ownership of real property, MRO, SRO or purchase thereof, it is recommended that you seek legal advice before registering or bidding. Properties are sold as is, where is. No other warranties or representations.
This is not residential or recreational property. This is a Mineral property that is well documented and surveyed.
Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer.
10% Buyers Premium
$695 Documentation/Closing fee.
Warranty Deed Available for $1295
The last survey performed on the property was in 2020 when the property was foreclosed. Condition is expected as shown but not guaranteed. Bidders are encouraged to verify all details of this property before making any bids or commitments.
The Monarch Property is a 20 acre site with multiple mine adits on the site. The largest drift is over 400'. Commodities are silver and copper. The property is near the top of Mohagany Mountain in Lincoln County, Nevada. The nearest town is Pioche, just over 13 miles away.
The property is reported to have several exposed veins of galena (silver/lead) in the subsurface workings. There are 1000 tons (estimated) of waste material from the development. This material contains jarosite, galena and malachite.
Access is via 4WD ONLY road branching out from Pioche.
The property is referenced in several USGS +
publications as far back as 1872.
Wheeler, 1872, p. 43;
Whitehill, 1873, p. 111;
Stuart, 1909, p. 133;
Hill, 1912, p. 216, 218;
Lincoln, 1923, p. 121;
Stoddard, 1932, p. 54;
Averett, 1962, p. 15;
Tschanz and Pampeyan, 1970, p. 129;
Papke, 1970, p. 22;
Bonham, 1976;
Schilling, 1976;
Jones, 1984
To be sold with NO RESERVE on OCTOBER 19th, 2024 at 12:00PM MST. Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide.
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