| Description |
NO RESERVE Auction for 100% ownership of Cabell City Mineral Property. Sixty (60) Acres. Ordered foreclosure due to lessee default.
Property appraised at $98,000 in 2022.
Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. Please see legal description for more information.
6% Buyers Premium
$695 Documentation/Closing fee.
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.
The Cabell City Property will be sold to highest bidder with NO RESERVE.
Legal Description:
Cabell City - MRO
Serial: ORMC178053, ORMC178054, ORMC178055
Grant County, Oregon
S ½ of SEC 1, T8S R35HE, Willamette Meridian. 100% MRO
The property has been appraised at $98,000 based on value of surface and/or subsurface reserves.
The Cabell City is a fully surveyed, Sixty (60) Acre Mineral property located in Grant County, Oregon. The property was surveyed and verified in 2021.
The Cabell City is the name for the mills around the La Bellview Mine. The La Bellview Mine portals are located on the Cabell City Property. These are strictly a gold producing property and have no record of other metals production.
The property consists of the La Bellview Mine workings, three (3) excavations. The eastern-most claim contains a large shaft with a dump that measures 60’ x 60’ and 25’-30’ in depth. The material at this shaft is largely iron and quartz with some light stringer gold visible in white quartz in the dumps.
The centermost property contains the largest of the workings, a large cut positioned behind a small crusher mill. There is a house next to the mill that acted as living quarters for the miners and also indicates that the mines were operated by families with wives and children as opposed to just boarding houses with men only.
These workings have the remains of a large shaft, now collapsed, up in the dense forest behind the house and mill. There is a small foot path from this dump to the mill, indicating that at least some ore from the mine came to the mill for work.
Finally, the western property contains a large gravity mill, examination by surveyors estimate a 75-100 ton per day, crush, shake and separation process. There is also a homestead near the mill and a barn or shed for machinery. The shaft referred to above, was likely what was feeding this mill as there is a long overgrown two track wagon road that leads from the shaft to the mill.
The old mines contain nearly identical dump material, heavy with iron and quartz, the quartz is white and contains bits of auriferous pyrite and free gold.
There is running water on the property, this could be utilized for operations or for drinking water if properly treated. Riparian rights apply to water and timber.
No permitting is included or implied.
Bidder is responsible for all diligence and validation of information provided.
This is a NO RESERVE auction. 100% interest and ownership of the properties will be transferred to the winning bidder. Winning bidder will receive the deed to the property, clear and unencumbered title of ownership. Property conveyance includes 100% interest and ownership (MRO) of all locatable minerals. Rights to development are also included with ownership of the mineral properties. Conveyance does not include exclusive surface ownership(SRO). These properties are suitable for mineral development and mining activities. It is recommended that potential bidders obtain legal advice if they are unclear of the caveats or stipulations related to mining properties.
Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide.
Ownership transferred by Quit Claim Deed with no caveats or restrictions. Warranty Deed is available at additional fee.
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