| Description |
NO RESERVE Auction for 100% ownership of the Strawn Property in Madison County, Montana. Twenty (20) Acres plus a 5 Acre Mill Property. Ordered foreclosure due to lessee default.
Appraisal of the property is $661,000 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 Strawn Property will be sold to highest bidder with NO RESERVE. (SUBJECT TO SELLER APPROVAL).
Legal Description:
Strawn Property - MRO
Serial: MT101355066, MT101355067
Madison County, Montana
NE 1/4 SEC18, T2S R4W, Montana Principal Meridian.
The property was appraised at $661,000 in 2021.
The Strawn Property is a fully surveyed, Twenty (25) Acre property (MRO) located in Madison County, Montana. The property was surveyed and verified in and 2021. Accessible with high clearance 4WD.
This is a one of a kind location, likely the sort that will never be seen again. Please view all the images, read the reports. The property is located in the Tidal Wave District in Madison County, Montana.
The property is located in Madison County, in the heart of one of the richest gold mining districts in Montana. The property export is coarse free-milling gold in quartz, there is no chemical separation needed. The property boundaries cover all of the relevant workings and geological trending of the associated veins and lodes. The boundaries also encompass the apex of the lode.
Historic reports and current assays from the property, taken inside and outside show high purity gold with very little sulfides ranging from .5 to 1.5 ounces per ton. These results were verified by USGS, Assay Reports, and private correspondence with relatives of the Strawn Family who reported the mine often produced 8-10 ounce of gold from high grade veins.
The Mine was located and developed from 1921 to 1940 when it was closed by the US War Act. The mine was reported closed from 1945 to 1981, however, onsite examination showed that small scale work had been executed on the claim and working machinery was present as late as 2012.
Surveyors’ assessment matches with early assessments that this is a high value gold mine which has remained largely undeveloped due to its obscure location which is not easily locatable.
There are access issues with the site, specifically ROW access. The claims are located in a box canyon with no other access except for the mouth of the Beall Canyon. Private property covers the roads and access to the canyon, for which reason the mine has not been disturbed except for by the original locators of the mine who have worked it intermittently until 2012.
The Millsite is in excellent repair and 95% intact. It has not been used since 1983 as well as can be determined. The wood structure is in rough condition, but all of the crushers, mills and processing equipment is much as it was left when working.
The mines are open and stable for the most part being cut into competent rock. There is some slough in some of the lower workings, and an open stope in the mid-level workings has started to collapse on the surface and would need to be addressed. The upper workings have a small portal but could be easily modified for modern access. Overall, the site needs minor overhaul and updates but is ready to work as it is.
There are many structures and implements on the property. The property is very remote and there are no services in the vicinity.
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.
Sale is Subject to Seller Approval.
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