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NO RESERVE Auction for 100% ownership of the Governor Property in Sierra County, New Mexico. Sixty (60) Acres. Ordered foreclosure due to lessee default.
Appraisal of the property is $170,000 in 2021.
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 Governor Property will be sold to highest bidder with NO RESERVE.
Legal Description:
Governor Property - MRO
Serial: NM105269601, NM105269597, NM105269594
Sierra County, New Mexico
NE 1/4 SEC34, T14S R4W, New Mexico 1855 Meridian.
The property was appraised at $170,000 in 2021.
The Governor Property is a fully surveyed, Sixty (60) Acre Mineral property located in Sierra County, New Mexico. The property was surveyed and verified in and 2021.
The Governor Mine is a series of workings just west of the Palomas Gap in the Sierra Caballos range. The mines are located in the Caballo Mountain District.
Commodities of the site include Fluorite, Opal and Copper.
Access to the mines is via a good, high clearance 4WD road. There is road access to all of the primary workings on the site.
The Mines have a long history, placer gold deposits were worked by Spanish and Mexican miners as far back as 1500. Copper minerals were important to the local tribes for their brilliant blue color. In 1886-87, the Governor mine was located for copper, galena (silver) and gold deposits. The miners of the area were subjected to Indian attacks and the mine was abandoned by 1896. After Indian treaties, miners flooded back into the region and the Governor was worked in earnest from 1904 into the 1940's. The Governor, during those years, was mined for copper, fluorite and galena. The metal values oft times increased with depth, but miners had to cut through a thick layer of calcite and fluorite with opal.
Fluorite today is highly valued for gem and mineral values. "Opalized" fluorite (opal in fluorite) is quite rare and only known to be found in the western United States. Real fluorite is difficult to come by and synthetic fluorite is what is commonly sold at rock and mineral shows. Large fluorite samples with specific qualities can sell for more than $5000 per pound in a specimen grade.
The fluorite at the Governor is varied grades. Opal and Calcite are present in the vein material. There are various variations of copper based minerals throughout the site. A series of adits and shafts work through the site and allow an insight for the minerals still contained below the surface. An estimated 1,800’ of development combined on the site. The workings on the Governor are cut into stable, competent limestone host rock.
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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