| Description |
NO RESERVE AUCTION for 100% ownership of the Golden Turkey Property, 60 acres, outside of Mayer, Arizona.
Owner ordered sale due to lease foreclosure.
Property is appraised by verified assets on site, value is $1,016,998,360.00 (one billion, sixteen million, nine-hundred ninety eight thousand, three hundred sixty dollars.
Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. Please see legal description for more information.
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Legal Description:
Golden Turkey Property - MRO
Serial: AZ101756556, AZ101382579, AZ101382580
Yavapai County, Arizona
SEC 25, T11N R1E, New Mexico Meridian.
The property has been appraised at $1.016B based on value of Measured Reserves and Surface Material.
The Golden Turkey is a high volume, large scale gold mine located just south of Prescott, Arizona. The mine has a high return rate when milled correctly. The site has a historic mill, hundreds of thousands of tons of material and documented current reserves of 433,688 ounces of gold.
There is ancillary silver and copper values from the material.
The Property encompasses 60 contiguous acres, covering the apex and trend of the Golden Turkey lode which runs generally east and west, parallel to the Gold Belt lode. The Gold Belt lode is only a few hundred feet from the Golden Turkey lode and is contained on the property as part of the Golden Turkey.
The Golden Turkey property suffered due to low metals prices after 1961, but was active, at least minimally until 1985. A caretaker was contracted on the site until at least 1985 when Nezona Mining lost their charter. The property has over 369,000 tons of waste dump that assay from .48 to over 2.5 oz/T AU. There are also at least 240,000 tons of tailings from the mills. These tails assay from .23 oz/T to .68 oz/T AU.
There are extensive blocked reserves on the ore body known as the Golden Belt which runs through the property. The lode system is reportedly horizontal and flat with extensive horizontal shoots from 100 to over 600’ in depth showing high-value native gold deposits. These deposits, while generally mapped, have not been drilled.
The dumps and tailings were surveyed and measured in 2019. The tailings are measured to be at least 240,600 tons. The waste dumps are measured at 369,700 tons. High-value grab samples taken from the lower edges of the waste dumps assayed at .78 oz/T AU. The tailings were sampled from the tops of the piles, gathering a large bucket of various material. The tailings assay values returned at .604 oz./T AU. Both values are consistent with the return values from reports of 1961, 1971, 1973 and 1985.
The numbers show that the waste dumps contain roughly 288,366 ounces of gold and the tailings contain 145,322 ounces of gold. A total of 433,688 ounces. The blocked material underground has not been measured.
In today’s figures, with gold assumed at $2340.00 per ounce, the dumps and tailings piles alone are worth over one billion dollars($1,016,998,360.00). This figure does not account for any of the ores or minerals still left in place underground. According to geological documentation, the richest bodies of the veins have yet to have been tapped. From the 1973 report[1]:
“There are excellent geologic structures on all of the claims where, thru core drilling, a large tonnage of are can be developed. All of the mine has been developed laterally, just under the surface rock, to the point where the veins turn down vertically. The vertical vein deposition is contacted on the west side by an intrusive diorite dike, and is the parent vein. At the present time, no one has drilled or shafted downward into these vertical veins. There can be developed, with sound operation, very large amounts of high grade ore from these vertically orientated veins.”
The mines are located on the south-eastern edge of the Bradshaw Mountains. Near the towns of Mayer and Spring Valley.
The property was addressed in 2010 and the main portal was gated. The gate will need to be removed and the decline cleared to provide access to the lower workings which are documented to be well over two thousand (2000) linear feet. The underground workings are in a deteriorated state and should not be accessed in their current state. There was an undefined amount of tails that were also moved at this time. These were moved to the east side of the property and put under soil and seeded. They can be easily seen on overhead maps.
There are remnants of many buildings on the claim. Private housing, an assay shop, and miner’s quarters in addition to the mill and mine building remnants. Vandals are reported to have burned the last of the standing structures, the assay house, in 2006.
This property valuable for the development of the surface material which has not been addressed in any way. There is value and high profit for the operator who can manage to ship and process the dumps and tails. Then continue that development underground or open pit on the Golden Turkey and Gold Belt veins.
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