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Auction for 100% ownership of the Moon Anchor Mineral Property in Maricopa County, Arizona. Ordered foreclosure on the current lessees due to non-payment.
100% interest and ownership in verified mineral properties with defined mineral assets.
This property will be sold to highest bidder with NO RESERVE on March 16th, 2024.
Legal Description:
Moon Anchor Mineral Property/MRO, 20 Acres
Maricopa County, Arizona
S 1/2 of SEC 31 T4N R7W. 100% MRO
USGS ID#: 10027550
The Moon Anchor Mineral Property is a fully surveyed, twenty (20) Acre Mineral property located in Maricopa County, Arizona.
The Moon Anchor property has a good history of development from the late 1890s into 1986. The property is primarily a high grade lead and silver deposit, with the emphasis on Lead. The deposits are wide lodes that surface in several areas on the claim. The silver content is averages 5 ounces to the ton, but it dwarfed by the lead content which ranges from 14% to 23% per ton.
The site is small by design in that the primary high grade ore has been blocked and well defined and is fully contained within the existing boundaries.
The site is located in the Vulture District, famous for the Vulture Gold Mine. The mine has been called the East Vulture in the past, but the most recent historical naming is the Moon Anchor.
There are a series of drill holes (core samples) which were run in 1982-1983. With this information, Sierra Amarillo Mining Company blocked out 7.5 million tons of lead, silver and gold ore occurring in andesite. President of the Sierra Amarillo Mining Company stated in 1983: "an area of 500' x 700' has been mapped to a depth of 200' at a sizing of 6,877,578 tons containing 5% lead (100lbs) per ton and 3 ounces of silver per ton." At the time, lead was $0.14 per pound and silver was $9.35 per ounce.
The property was permitted for a milling operation in 1985. Due to mismanagement that is not detailed, the company was nearing bankruptcy in 1986 and was absorbed by ASCARO out of El Paso. There was no further work completed and the property has been stagnant since.
The prices of silver and lead are significantly higher in 2024 and return value on the blocked reserves is almost $950M. Recovery and processing costs would need to be subtracted from this number for an accurate assessment of value.
The property has been appraised at $95,000.00 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. 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.
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