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about Real Estate Auctions

Giant Copper Mine

- Hackberry, AZ

Description

Arizona State University Foundation directs immediate sale of:

The Copper Giant Mine located in Section 36, Township 23 North, Range 13 West of the Gila and Salt River Base and Meridian in Mohave County, Arizona. The mine is not currently producing, but it has produced in the past.

  • Six patented mining claims: the Copper Giant, Dexter, Keystone, Keystone Extension, Victoria and Janie
  • The Mohave County Assessor records the property as parcel 314-13-001
  • 94.164 acres

 If you would like to receive the Offering Memorandum for this property, please email your request and provide your name, company name, address and telephone number to:  This email address is being protected from spambots. You need JavaScript enabled to view it. or give us a call at 312.278.0600 extension 101

Why Buy This Property

LOCATION - The Copper Giant Mine is located in Section 36, Township 23 North, Range 13 West of the Gila and Salt River Base and Meridian in Mohave County, Arizona.  The Mohave County Assessor has the subject property on record as parcel 314-13-001. The  property is located in a remote area of the Cottonwood Mountains about nine miles east-southeast of Hackberry, AZ.  Arizona Highway 66 provides the easiest access to the region.

ACCESS - Currently, the main shaft of the Copper Giant appears to be hundreds of feet deep.  The main shaft is fenced in and is surrounded by a large dump of waste rock that shows green copper oxide weathering.  A caved in adit is north of the main shaft at about the 100 foot level of the mine, which is fenced in.  A timbered adit that extends into the hill for hundreds of feet is north of the main shaft, at about the 350 foot level of the mine, which is also fenced in.  The adit at the 350 foot level has ore car tracks and a chute assembly that can be viewed from the jeep trail.  

ANALYSIS - The ore reserves and mine plans were complied by geologist J.D. Schlottmann in a report from 1998 titled “Preliminary report on the feasibility of operating the Copper Giant Mine, Mohave County, Arizona”.  Willard D. Pye, a registered geologist in Arizona, prepared another analysis on October 5, 1972 titled “Copper Giant Mine – Mohave County, AZ”

 

 

Offering Strategy

Bid Your Price!

Inspection Dates

Inspections:  By Appointment Only.  Please note: Inspections begin promptly.  Please give us a call at 312.278.0600 extension 101 in advance of the inspection to let us know you will be attending and enable us to send you more information.

Auction Location

Sealed Bid Auction:  Bids are to be delivered either by email to info@fineandcompany.com or to the offices of:

Fine & Company LLC
747 Lake Cook Road, Suite 100W
Deerfield, IL 60015

Details

Certified Funds To Bid : $25,000

Buyer's Premium (Buyer's Fee) : 10% of the high bid

In Cooperation With : John A. Weaver, Licensed Arizona Broker

Contact Person

  Fine And Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Order Bidder's Information Packet

A Bidder's Information Packet is required to bid. The packet includes: auction and property information, mineral studies, title report, maps, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.

Bidder's Information Packets are available in PDF format for $60.00. To order your Packet or call us at 312.278.0600 ext. 101 or email us at info@fineandcompany.com 

Other Information

Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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