Online Only Auction
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Time Remaining: Bidding opens in 58d 10h 29m -
Soft Close
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Date(s)
2/1/2025 - 3/31/2025
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 # 3
Group - Category Real Estate - Commercial
Lead Hassayampa Placers Commercial Gold Property, AZ
Description
Terra Firma Auction Services is a third party auction service acting as a foreclosure agent for the seller. The seller has agreed to offer the following foreclosure at NO RESERVE. Legal Description: Hassayampa Placers Commercial Mining Property - MRO Serial: AZ101591452, AZ101591453, AZ101591454, AZ101591455 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 asset value 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. 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 $1795 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. From the Survey Report: "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. 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 with NO RESERVE on March 31st, 2025 at 12:00PM MST. Absolute sale of real property. Please view all terms and condition of the auction and be prepared to abide.
Name 80 acre Arizona Commercial Gold Mine-Dredge-Real Estate-MRO
Auctioneer
Type Online-Only Auction
Date(s) 2/1/2025 - 3/31/2025
Auction Date/Time Info
Auction will Start Saturday, February 1st, 2025 at 8:00am (MST). Auction will end on Monday, March 31st, 2025 starting at 12:00PM MST. Each lot will soft close.
Preview Date/Time Perspective Bidders/Buyers may visit properties without prior permission from 02/01/2025 until 03/30/2024. 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, April 7th, 2025 at 4:00PM MST.
Location
Buyer Premium 10% buyers premium on hammer price.
Description
TERRA FIRMA AUCTIONS has been contracted to liquidate foreclosed assets for its clients. We strive to provide all relevant information and details about these foreclosed properties. We cannot provide legal or planning advice. Feel free to contact us via phone or email. Hassayampa Placers (aka Gold Basin) Commercial Gold Property in Central Arizona. Ordered sold at NO RESERVE due to lease foreclosures. Large Commercial Gold Dredge/Placer Operation in Central Arizona. Properties have been surveyed, measured and core sampled and verified with well over a billion dollars in gold reserves on site. This property is for commercial development only. Gold mineral property, MRO, ready for permit and development. Massive Dredge/Placer site. Fully surveyed, Geological Reports, Maps, assays and more. Previously sold for over $1M. Asset values over $1B. Property is 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. 10% 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 (10%) 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 $1795 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 $1795.00. A 10% buyer premium will be applied to the hammer price. 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 Terra Firma 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 Terra Firma 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 10% buyers premium on hammer price.
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 $1795.00.
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.