Hassayampa Placers Commercial Gold Property, AZ

Bidding Notice:

Properties are sold as is, where is. Payment in full is required within 5 business days of auction end without exception. Invoices must be paid by guaranteed funds (Wire Transfer, Cashiers Check, Cash). Buyer to verify all information. Perspective buyers should conduct their due diligence prior to any bids, including in person visit to the properties. This is fee simple, absolute transfer. ... Show More

Auction Notice:

NO RESERVE AUCTION. Seller has authorized Terra Firma Auction Services to auction the Hassayampa Placers 80 acre MRO Property, at NO RESERVE. If you are unfamiliar with Real Estate Properties, MRO, SRO and other elements of property purchase, please consult an attorney prior to making any bids or commitments.

Information

Lot #	3
Group - Category	Real Estate - Commercial
Lead	Hassayampa Placers Commercial Gold Property, AZ
Description	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.

Auction Information

Name	Hassayampa Placers Commercial Gold Mine - AZ Foreclosure
Auctioneer	Terra Firma Auction Services
Type	Online-Only Auction
Date(s)	7/29/2024 - 9/2/2024
Auction Date/Time Info	Auction will start Monday, July 29th 8:00am (MST). Auction will end on Monday, September 2nd starting at 4:00PM MST. All auctions are soft close.
Preview Date/Time	Perspective Bidders/Buyers may visit properties without prior permission from 07/29/2024 until 09/02/2024. By visiting the property, clients consent to being recorded on video and possible license plate capture. Recordings will be used for security purposes only. 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. Terra Firma will contact bidder at the close of the auction to collect earnest money deposit. Please be available to make this deposit at the auction end. Full payment due within 5 business days from the end of the auction. By Monday, September 9th, 2024 at 4:00PM MST.
Location	PO Box 409 Prescott, AZ 86303
Buyer Premium	10% buyers premium required
Description	TERRA FIRMA AUCTIONS has been contracted to liquidate foreclosed assets for its clients. We strive to provide all relevant information and details about foreclosures. Please relay any questions via email or by phone or text. Hassayampa Placers (aka Gold Basin) Commercial Gold Property in Central Arizona. Ordered sold due to lease foreclosures. This property is sold at NO RESERVE on September 2nd, 2024. This auction is for legal, REAL PROPERTY. The property has been professionally surveyed and will be sold with clear title. No back-taxes, liens or other encumbrances. Property is sold fee simple absolute. This property is for commercial development only. This is not residential or recreational land. 80 Placer Gold mineral Property, MRO, permit and development ready. Fully surveyed, Verified Measurements, Geological Reports, Maps, assays and more. Asset values over $1B on each property. The Hassayampa Placers Property is legal Real Property. Completed Sale will transfer 100% MRO Ownership and Interest by Quit Claim Deed to the buyer. PLEASE DO NOT BID If you are unclear on any aspects of OWNERSHIP or PURCHASE of REAL PROPERTY, SRO, MRO or otherwise, we highly recommended that you SEEK LEGAL ADVICE PRIOR to registering or bidding. Terra Firma Auction Services CANNOT and WILL NOT provide legal advice in any capacity. 10% Buyer's Premium on final hammer price. $649 Closing/Documentation fee for transfer and recordings with State and County via Quit Claim Deed. Warranty Deed available for additional $1295.00. Buyers are responsible to execute due diligence prior to bidding. We highly enocourage an "in person" visit to the property. Map link to property is included in auction links. Properties are sold AS IS, WHERE IS. No other warranties or representations.

Terms and Conditions

Bidder agrees to comply with Terms & Conditions listed and defined below as a prerequisite for Terra Firma's acceptance of the Bidder's Registration and Bid Card ID. All Bidders with NEGATIVE scores and UNPAID auctions will be revoked. The total amount due will be the final 'hammer' price plus the buyer premium (10%) and a $649 documentation/closing fee per auction lot. 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. PAYMENT: CASH SALE - All payments in GUARANTEED funds only. This is a Real Property transfer, NO Credit Cards or PayPal for Real Property. CASH, WIRE TRANSFER or CERTIFIED BANK CHECK ONLY. PAYMENT IN FULL is required within FIVE (5) BUSINESS DAYS of auction end without exception. 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 in the amount of $5000 is required at lot closing. Request for payment will be sent to winning bidder for the earnest money deposit and must be paid within 24 hours of auction close. FAILURE to make required DEPOSIT will result in FORFEITURE of interest in property. 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. BY REGISTERING FOR THIS AUCTION, BIDDER AGREES TO RECEIVE TEXT AND EMAIL CORRESPONDENCE ONLY AS RELATED TO THE SALE OF THE PROPERTY. CONDITIONS OF SALE: 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 Terra Firma. Transfer via registered and recorded Quit Claim Deed. Bidder authorizes Terra Firma 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 Terra Firma to convey each Lot using the Bidder’s name and address as registered in the auction. ALL SALES ARE SUBJECT TO SELLER APPROVAL.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 100,000.00	100.00 USD
100,000.01 - 1,000,000.00	1,000.00 USD

Payment Information

Currency	USD
Buyer Premium	10% 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.

Shipping / Pick Up

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.

Lot # : 3 - Hassayampa Placers Commercial Gold Property, AZ