|
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 foreclosure property at NO RESERVE.
Legal Description:
Independence Property - MRO
Serial: ORMC176447, ORMC176448, ORMC172897
Grant County, Oregon
SEC 22, T8S R35-1/2HE, Willamette Meridian. 100% MRO
Property was professionally surveyed 2019 when the property was foreclosed. Condition is expected as shown but not guaranteed.
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.
Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer.
10% Buyer's Premium
$695 Documentation/Closing fee.
Warranty Deed Available for $1295
The Independence is a fully surveyed, Eighty (80) Acre Mineral property located in Grant County, Oregon.
The Independence Mine is the larger development of the Cougar/Independence Mines. The Independence consists of over 2000’ of workings on gold veins and lodes running through the property. The mine was last worked in 1950 and had produced 22,509 oz of gold since 1907. Reserves have been estimated but not blocked. The ore at the 650 (main) level was reported assayed at 1.06 oz/T AU, and Gold has been recovered intermittently by small operators since 1957 until 1983.
The Independence property also boasts a large mill which was in production as late as 1942 when it was completely rebuilt. Today it is largely collapsed and unusable. There are considerable tailings, of which some are working into the creek in the form of fine black sands with some fleck gold.
The maps of the workings at the Independence are not complete by any means and blocked reserves are mapped and noted.
The mine was shut down in 1950 due to the death of the mine foreman and never re-opened on a commercial scale. Today the mine has fallen largely into disrepair. There are some buildings intact at the main camp. The main drift is open and accessible but contains a few inches of water from blockages at the front of the mine. The entire workings have not been fully mapped since 1983 and the conditions are overall unknown.
The mill building is visible and contains good waste dumps that were “poorly processed” according to historical reports. These dumps assayed 0.7 oz/T AU and 4 oz/T AG in 2016. The mine is ready for immediate development and according to oral communications shows exposed gold veins in or around the 900’ area with lodes trending generally WSW. This assertion lines up with outcrops located at old mine sites in direct line with the veins.
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.
|
