Online Only Auction
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High Bid: 25,010.00 USD
66 Bids
Time Remaining: 16d 14h 58m
Soft Close
Shipping Not Available
Date(s)
4/12/2024 - 6/3/2024
AUCTIONEER INFORMATION
Bidding Notice:

Properties are sold as is, where is. Buyer to verify all information. It is recommended that perspective buyers conduct their due diligence including in person visit to the properties. Properties are all sold free and clear of all liens and encumbrances. 6% Buyer's Premium on final hammer price $649 Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on ... Show More

Auction Notice:

Earnest Money deposit of $5000 due at auction close. Request for earnest money deposit will be sent to email address of winning bidder within 24 hours of auction close. Earnest deposit will not be refunded if payment is not received. Full payment due within 5 business days. Payment for Property balance must be made by guaranteed funds. Wire Transfer, Cashiers Check, Cash. Payment in full is ... Show More


Information
Lot # 1
Group - Category Real Estate - Commercial
Lead Golden Turkey Commercial Gold Mine
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. 6% Buyers Premium $695 Documentation/Closing fee. $1295 for Warranty Deed. 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. 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.
Name Arizona Commercial Gold Mines-Real Estate-Development
Auctioneer
Type Online-Only Auction
Date(s) 4/12/2024 - 6/3/2024
Auction Date/Time Info
Auction will Start Friday, April 12th 8:00am (MST). Auction will end on Monday, June 3rd starting at 4:00PM MST. Each lot will soft close.
Preview Date/Time Perspective Bidders/Buyers may visit properties without prior permission from 04/13/2024 until 06/02/2024. Seller is not responsible for access, weather or other impediments.
Checkout Date/Time Earnest Money deposit of $5000 per lot is due within 24 hours of auction close. Request for payment will be sent to the winning bidders email on file. Failure to meet this deposit will result in forfeiture of bid and item will be offered to next high bidder. Full payment due within 5 business days from the end of the auction. By Monday, June 10th, 2024 at 4:00PM MST.
Location
Buyer Premium 6% buyers premium required
Description
2 Large Commercial Gold Operations in Central Arizona. Orders to be sold due to lease foreclosures. These are Large commercial gold properties to be sold at NO RESERVE. Properties have been surveyed, measured and verified with well over a billion dollars in gold to be recovered at each site! These properties are for commercial development only. Gold mineral properties, MRO, ready for permit and development. Placer Site and a massive Lode Site. Fully surveyed, Geological Reports, Maps, assays and more. Each valued at well over $1M. Asset values over $1B on each property. Properties are professionally surveyed and will be sold with clear title. No back-taxes, liens or other encumbrances. Properties are sold fee simple absolute. All to be sold at NO RESERVE. 6% Buyer's Premium on final hammer price. $649 Closing/Documentation fee for transfer and recording. Fee includes up to 2 owners or one business on title. Additional owners may incur additional fees. Transfer of interests via Quit Claim Deed. Warranty deed available at additional cost. Ownership of the property transferred in full with no caveats or restrictions. It is recommended that perspective buyers conduct their due diligence prior to any bidding, including "in person" visit to the properties. Map links to property is included in auction links for each property. If you are unclear on any aspects of ownership of real property 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.
Bidder agrees to comply with these Terms & Conditions defined below as a prerequisite for Auctioneer's acceptance of the Bidder's Registration and Bid Card ID. Bidders with negative scores and unpaid auctions will be removed. The total amount due will be the final 'hammer' price plus the buyer premium (6%) and a $649 documentation/closing fee per auction lot. Bidders are encouraged to conduct due diligence on all purchases and to seek legal advice regarding the purchase of these and any properties. Bidders are encouraged to conduct site visits to see properties in person prior to placing any bids. PAYMENT: CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. Full Payment is due within 5 days of Auction Closing. All Title Closings and Recordings are executed by our staff in house. Deeds in less than 30 days in most cases. An Earnest money deposit is required for each lot at closing. This earnest deposit is $5000. Request for payment will be sent to wining bidder for the earnest money deposit and must be paid within 24 hours of auction close. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. Payment in full is required within 5 business days of auction end without exception. Failure to make payment in required time will result in the lot being offered to the next highest bidder. Earnest money deposit will NOT be refunded. Invoices must be paid by guaranteed funds (Wire Transfer, Cashiers Check, Cash). This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any encumbrances and liens. Warranty deed is available for $1295 on any property. No back taxes, liens or other encumbrances. TERMS and FEES: High bidder will receive the deed(s) to the property upon full payment of auction, subject to clearing of funds. Clear and unencumbered title of ownership will be transferred by Quit Claim Deed. Warranty Deed is available for an additional $1295.00. A 6% buyer premium will apply to the winning bid. A $649 Documentation fee is added to each lot sold. By registering and bidding on this auction, the bidder agrees to receive text messages and email, that are directly related to the GRAG Property Auctions. CONDITION AND DILIGENCE: All properties are sold in "AS-IS" condition with all faults and defects and without warranty or guarantee of any sort. Prior to bidding, each bidder is advised and responsible to conduct an independent due diligence to ascertain characteristics, attributes and condition of the property. Failure to conduct diligence activities shall not constitute a waiver of any sort. TRANSFER OF OWNERSHIP. Conveyance of properties is completed by the GRAG Closing staff via registered and recorded Quit Claim Deed. Bidder authorizes Auctioneer to act as Bidder’s agent to complete any closing documents, or any corrective documents thereafter. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction. All sales are subject to seller approval.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 1,000,000.00 10.00 USD
Currency USD
Buyer Premium 6% buyers premium required
Payment Terms
An Earnest money deposit is required for each lot at closing. This earnest deposit is $5000. A request for payment will be send upon close of auction. Earnest money deposit is NOT refundable. If bidder fails to submit balance due within 5 business days the earnest deposit is forfeit with no refunds or credits given. The Earnest Money deposit will be accompanied by a non-contingent Purchase Agreement. Any bids or earnest money deposits are considered acceptance of aforementioned Purchase Agreement. CASH SALE - All payments in GUARANTEED funds only. Real property transfer, we cannot accept Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. Full Payment is due within 5 days of Auction Closing. All Title Documents are executed by our staff in house. Deeds in less than 30 days in most cases. Payment in full is required within 5 business days of auction end without exception. Failure to make payment in required time will result in the lot being offered to the next highest bidder. Earnest money deposit will NOT be refunded. Invoices must be paid by guaranteed funds (Wire Transfer, Certified Bank Check, Cash). This auction is for real property and no credit cards are accepted for payment above and beyond the earnest deposit. 100% interest and ownership of the properties will be transferred to the winning bidder. This is fee simple, absolute transfer. Free and clear title shall be given by a standard quit claim deed free and clear of any back taxes, encumbrances or liens. Warranty deed is available for $1295.00.
Auction Company will process all closings and deed preparation. In most cases deeds can be processed in less than 30 days. For each Lot, Bidder must specify the Deed Transfer Information. Should the Bidder fail to specify Deed Information within 10 business days after payment of balance, Bidder authorizes Auctioneer to convey each Lot using the Bidder’s name and address as registered in the auction. Deed will be executed same business day that full payment is received. It is the bidders responsibility to verify that all information is validated.