NO RESERVE AUCTION for 100% ownership of the Hassayampa Placers (aka - Golden Basin) Commercial Mineral Property, 80 acres, outside of Prescott, Arizona. Owner ordered sale due to lease foreclosure. Property will sell at NO RESERVE. Legal Description: Hassayampa Placers Commercial Mining Property - MRO Serial: AZ1015911452, AZ1015911453, AZ1015911454, AZ1015911455 Yavapai County, Arizona SEC 11, T12N R3W, Gila Salt River Base and Meridian. Blocked and measured reserves of 1,098,877 ounces of gold. The property has been appraised at $2.576B based on value of Measured Reserves and Surface Material. This appraisal will change with the daily spot pricing of gold. This is not residential or recreational property. This is a commercial Mineral property that is well documented and surveyed. 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. Real property, being sold unencumbered with no liens or back taxes. Fee simple transfer. 10% Buyers Premium $695 Documentation/Closing fee. Warranty Deed Available for $1295 The Hassayampa Placers are an 80 acre lot of high-value placer workings. There is a well documented history of gold recovery up to 1940. A single miner using a hand rocker extracted 1750 ounces in a single year in 1891. This property could be operated year round. Life of the mine, based on a small operation running 100 yards per day, is at least 18 years. The gold in this region is reported as coarse nuggets that can range from a few grams to several ounces in size. There is a substantial bar that is from 70' to 180' wide running along the Hassayampa River. The bar has minimal intrusion and was only impacted by the drag bucket dredge operation that ran from 1938 to 1940. There is a small tailing near the upper reaches of the bar, totaling about 58,000 tons. This was worked from 1938 to 1940 when the operation was closed as part of the War Act. A larger tailing is on the southern half of the claims, totaling roughly 250,000 tons. This is largely river rock that was processed by the aforementioned drag bucket dredge machine, with little to no recovery of small gold. The capture being targeted to nuggets 1oz and over. Nuggets of lesser size were discarded. The property has not been worked commercially since the dredge was removed in 1941. The river and the placers are blocked from access by a massive wall of tailings from the dredge operation. This has kept the site from any sort of operation to date. Operator will need a dozer or similar to open up access to the river and the banks. Once there is an access point, the property has excellent access which can be managed with 2WD in most conditions. Many large staging and parking areas that can be used for processing. There is good, year-round water throughout the property that can be used for mining purposes. Permits and bonds are required for commercial mining. Costs are correlated to the method of mining utilized. There are no estimates of what a permit or bond may cost for you. The bars have little erosion except that done by the drag buckets in mining pre-1940. There were core samples done in 1930 measuring the depth of the bar. The reports from this drilling showed an average of .08 oz per yard. $1.60 per yard in 1931. (Gold value at $20.67 per ounce) $120 per yard in 2019. $181.50 in 2024 (variance to pricing of gold). As noted by Nebeker report, there were NO cores that did not show gold, which was astounding to the geologist who made the report. To be sold at NO RESERVE - September 2nd, 2024.