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Auction for 100% ownership of the Evening Star Mineral Property. Ordered foreclosure on the current lessees due to non-payment.
Auction for 100% interest and ownership in verified mineral properties with defined mineral assets.
The property listed has been foreclosed when lessees have failed to make required payments or defaulted on terms and conditions of financing. This property will be sold to highest bidder with NO RESERVE on March 16th, 2024.
Evening Star Gold Mine Property
Powell County, Montana
E ½ of Lot 11 of the NW ¼ of SEC 6 T8N R6W. 100% MRO
USGS ID#: 10012270, 10172107
The Evening Star is a fully surveyed, twenty (20) Acre Mineral property located in Powell County, Montana.
The Evening Star Mine is one of the largest and most productive mines in the Elliston District of Powell County, Montana. The mine is often referred to as the Evening Star for the Evening Star Mining Company who operated the mine from 1906-1920 and held option on the property until 1940.
The mines were profitable and operated on a commercial level until 1919 with some intermittent production in the 1920s and 1930s. By 1940 when the War Act was executed, the Mine was reported as mothballed with a single watchman. The property has not been addressed or worked since that time.
There are over 2000’ of documented, interconnected workings at the Mine. They are all inaccessible and have been since at least 1920. Ore values from the mine averaged 5 ounces of gold per ton according to the Montana DEQ and other USGS reports. Silver was reported to run from 30 to 60 ounces per ton.
Surveyors assessed the site in 2015 and 2016. It boasts excellent existing road access despite its remote location. The workings were inaccessible, however surveyors noted high value ores in the tailings processed by the mill at the upper camp near the adit. Other waste dumps on the property also showed good quality gold and silver ores.
Historical records state that the mine was located in or around 1900. The property received some assessment work for the next few years and then in 1904 was beginning development. By 1906 the mine was producing and employed 7 men. The main shaft was 300’ deep and there was a drift being cut to intercept the shaft at a depth of 375’. The mine began to pick up steam, delivering ore that averaged 5 ounces per ton in gold and 60 ounces per ton in silver.
Production at the mine started to slow in 1914 with the onset of WWI. The largest concern was finding qualified miners to work the operation. World War I from 1914-1918 removed a considerable portion of the workforce from the mines of the United States and the Elliston area. By 1919 The mine was not able to sustain profits because there was no workforce to support the mine.
The portals of the mine were closed in 1920 as costs were outpacing profits with a skeleton crew attempting to operate the mine. In 1923 a load of waste rock was taken from the site and reportedly returned $10,000 with gold values of 1.5 ounces per ton and 30 ounces of silver per ton.
There is excellent access to the mines via a well-maintained county road. It is suitable for full size vehicles and could support small dump trucks with care. The road is steep in sections and can be narrow.
The property has been appraised at $155,000 at 0.1% value of surface and or subsurface reserves.
This is a No Reserve Auction.
Properties have been professionally surveyed and documented with technical mining reports, assays, and documented mineral assets.
Winning bidder will take 100% ownership of all mineral rights and right to development. No permitting is included or implied and 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. 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.
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