T 31S R 17W S 7
Indian Peak Mining District, UT

Buy It Now: $ 149,777.97
T 31S R 17W S 7 Indian Peak Mining District UT
Auction Date: Not Scheduled
Bathrooms: 0.00
Annual Taxes: $ 0.00
Taxes Due: $ 0.00
HOA Fees: $ 155.00

* taxes are estimated based on previous years records. Next years taxes may differ.

TERMS AND CONDITIONS

These terms and conditions apply to foreclosed homes, Land and all Real Properties owned by one or more selling entities (hereinafter ?seller? which shall include the selling entity, any parent company, subsidiaries, or affiliated companies). The Sellers of the Properties have instructed Auctioneer (hereinafter ?JITC? ?Jeremiahs International Trading Company, Inc. dba AACTV?) to auction the listed property to Prospective Purchasers who register according to the Terms and Conditions set forth below will be known as ?Bidder(s)?.

BIDDING: All Bidders are required to pre-register in order to bid during the Auction. There is no fee to register.

AGENCY: JITC/AACTV is not acting as an Agent for any Bidder/Buyer in any capacity, and is acting exclusively as the Sellers Agent in an auctioneer and marketing capacity only. There are no real estate companies representing either buyer or seller.

PAYMENT: All Real Estate is considered a ?cash transaction? and no financing is offered. The down payment can be made with Master Card, Visa, Discover, cashier?s check, or bank wire transfer.

BUYERS PREMIUM: A Ten Percent (10%) Non-Refundable Buyers Premium is in effect for all real estate purchases. (Percentage is calculated on, and added to the Winning Bid Price, which together equals the ?Total Sales Price?.)

DOWN PAYMENT: A twenty percent (20%) down payment (based on Total Sales Price) is due at the time of your winning bid. (This amount includes the 10% Buyers Premium). This Down Payment is Non-Refundable. The winning bidder has up to 3 weeks (15 business days) to pay the remaining balance via cashier?s check or bank wire, unless a longer timeframe is specifically noted otherwise during the Auction. If all funds to complete the Total Sales Price are not received by JITC or the designated vendor / title company ( within the time frame specified), JITC will declare the Bidder to be in default. In the event of such declaration, the Winning Bidder?s bid shall be null and void and JITC and the Seller shall have no further liability or obligation whatsoever to that Bidder. Bidder will forfeit the Property, Buyers Premium, and Down Payment. Additionally, JITC and Seller reserve the right to immediately, and without further notice, put the Property back up for Auction or sale. IF YOU DO NOT DO YOUR DUE DILIGENCE AND ARE NOT PREPARED TO PAY WITHIN THE ALLOTTED 3 WEEKS (15 BUSINESS DAYS), PLEASE DO NOT BID!

DUE DILIGENCE: All Real Estate is sold As Is, Where Is and With all faults known or unknown at the time of the sale and With no concessions, and it is the Bidders responsibility to do their Due Diligence prior to bidding. Winning Bidders represent and warrant: that they are purchasing the property relying solely on their own Due Diligence and/or independent inspection, analysis, evaluation or appraisal of the Property in its existing As Is, Where Is condition with all faults and limitations; has fully examined, or has had the opportunity to examine the property, its condition or any other matter regarding the property, or its Tenants; has not relied upon any oral or other representations, promises, or statements from JITC/AACTV, Seller or any of its employees, agents or affiliates. Bidders are encouraged to: fully investigate public records, tax records, building codes and records, and all other matters which may disclose information relative to the property; personally inspect property or get professional guidance. Seller, JITC/AACTV, its employees, agents or affiliates makes no warranty of representation expressed or implied, or arising by operation of law, including but in no way limited to any warranty of condition, habitability, merchantability, or fitness for a particular purpose except that otherwise stated herein. It is further agreed that neither Seller, JITC/AACTV, its employees, agents, or affiliates have warranted, and does not hereby, warrant the Property or any improvements located thereon now or in the future will meet or comply with the requirements of any safety code or regulation of the state, city, or county in which the property is located, or any authority or jurisdiction. _______Initial_______ Initial

 

INSPECTION: No Bid or Sale is contingent upon the inspection of the property. It is the Bidders sole responsibility to request access to the property for any inspections. Should the Bidder personally inspect, or have a representative inspect any properties offered through JITC, its Agents, or Affiliates, the Bidder assumes all risks associated with such inspection and agrees to hold JITC, Seller, its agents or affiliates harmless from any and all claims. ______Initial ______Initial

REPRESENTATIONS: JITC/AACTV does its best to show video, pictures, and generally describe the property, but any information provided by JITC/AACTV regarding the condition, boundary lines, square footage, appliances, numbers of rooms, floor plan, lot sizes, utilities, homeowners association, building codes, permits, zoning, market value, previous sales, taxes, improvements to or about the property, rental incomes or expenses are approximations only and for informational purposes only. JITC/AACTV is not an appraiser, contractor, inspector, surveyor, title company, attorney, financial advisor, or tax professional, and we do not provide advice in such areas. JITC/AACTV makes no representations or warranties as to the accuracy or completeness of any information contained on the JITC/AACTV television auction, JITC/AACTV website, in any email, brochure, or otherwise made available by JITC/AACTV or Seller, its employees, agents, representatives, or affiliates. JITC/AACTV, its employees, Agents, or Affiliates shall not be liable for any allowance, adjustment, or revision based on the failure of any of the above to conform to any specific standard, or the buyer?s lack of proper due diligence. _______Initial_______ Initial

ADDITIONAL REQUIREMENTS: Winning Bidders will be required to execute and return within 3 days of receipt, an As Is Purchase and Sale Agreement for the Total Sales Price that has additional terms, conditions, and disclosures relating to the real estate purchase as well as sign paperwork with the Closing Agent/Title Company to complete the transaction and properly convey title to Bidder(s). Bidders that have not signed and returned our Terms & Conditions may be subject to being ?bumped? by Bidders that have previously returned Signed Terms and Conditions. Completed Terms and Conditions may be returned via email to: jitcrealestate@gmail.com, via fax (727) 362-1428 or via mail to: JITC Real Estate Dept., 2560 5th Ave N., St. Petersburg, Fl. 33713.

CANCELLATIONS: If cancelling, Bidders must contact the Real Estate Department immediately. Cancellations will be prepared with the 20% down payment retained by JITC and sent to the Buyer and Seller. The cancellation will need to be signed and initialed by all winning bidders and returned to JITC to be in agreement with the cancellation. If the bidders are passed their allotted 15 day pay period, the purchase will be cancelled and the 20% down payment will be retained by JITC. Once JITC receives the signed cancellation from all parties then the Customer will be released from the contract.

If any refund or credit is due to Buyer, all funds received are subject to clearance by Sellers bank. Additionally, wire and check refunds may take 30 days from the date the funds cleared, or the date the cancellation was signed, whichever is greater. ______Initial _______Initial

CALLS RECORDED: To maintain the highest level of service, JITC/AACTV records all phone calls. Bidders hereby agree to all call recordings, accept that all verbal authorizations shall be binding for all bids placed, and agree to and accept all terms and conditions of each sale. Buyer further agrees that buyer expressly authorizes JITC/AACTV to charge the cardholders credit card for any and all down payment and buyer premium monies due at the conclusion of the auction. _______Initial_______ Initial

CLOSING: After executing the As Is Purchase and Sale Agreement and purchase documentation, Winning Bidder(s) will be contacted by a Closing Agent/Title Company who will facilitate the closing process with Winning Bidder(s). Winning Bidder(s) are responsible for all closing costs and fees, including, but not limited to, recording fees, title insurance, closing fees, documentary transfer taxes (or other taxes), pro-rations, and if applicable, any Association Fees. In the event of a Winning Bid on vacant land only, there are no closing costs or fees charged to the Bidder for a simple special warranty or quit claim deed transfer. Some vacant lots may have been acquired through a foreclosure process and those lots shall be transferred via a quit claim deed only, with no warranties expressed or implied whatsoever as to condition, title, merchantability, feasibility, environmental elements or issues, boundary lines, encroachments, easements OR outstanding liens, back taxes, assessments, or other fees owed, and as such Buyer shall solely be responsible for any and all matters or expenses related hereto. ______Initial ______Initial

ATTORNEY?S FEES & VENUE: If any legal action or other proceeding is brought for the enforcement of any provision of these Terms and Conditions, or because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of these Terms and Conditions, JITC/AACTV shall be entitled to reasonable attorney?s fees and other costs incurred in that action or proceeding, in addition to any other relief to which it may be entitled.

The validity, interpretation, enforcement and effect of these Terms and Conditions shall be governed by the laws of the State of Florida, and the parties agree the Pinellas County, Florida shall be the venue for any lawsuit filed in connection herewith. Captions and paragraph headings are for convenience only and are not substantive provisions hereto.

ARBITRATION: Solely at JITC's discretion, JITC may require that all disputes, controversies, or differences between the parties arising out of or related to this Agreement shall be resolved through binding arbitration. If JITC elects not to use arbitration, the parties hereto agree that the provisions of the above Sections entitled Attorney Fees & Venue shall control as to the jurisdiction and venue of any legal action concerning the Agreement. If JITC requires an arbitration to resolve any disputes, controversy, or differences between the parties arising out of or related to these Terms and Conditions, the arbitration shall occur in Pinellas County Florida. Arbitration shall be conducted by a single arbitrator in accordance with the then-current commercial arbitration rules and supplementary procedures for commercial arbitration of the American Arbitration Association (AAA). Any discovery shall be conducted in accordance with the laws of the State of Florida. The arbitrator shall be selected by mutual agreement of the parties, or failing such agreement, shall be selected according to AAA rules. Judgment upon any arbitrator?s award may be entered in any court of competent jurisdiction. The parties hereby consent to such court?s jurisdiction.

SEVERABILITY: Should any provision of these Terms and Conditions for any reason be declared invalid, such a decision shall not affect the validity of the remaining provisions which shall remain in full force and effect as if these Terms and Conditions had been executed with the invalid provision eliminated.

By registering as a Bidder and placing bids on any real estate, Bidder(s) understands and agrees to these Terms and Conditions. JITC/AACTV reserves the right to update or amend its Terms and Conditions from time to time prior to Auction. JITC/AACTV may require Bidder(s) to execute new Terms and Conditions on any subsequent bids unless supersede by new Terms and Conditions. In the event of any disputes, controversies, or contradictions with any prior Terms and Conditions, the terms of the most recently signed Terms and Conditions will prevail. Documents executed via Facsimile or scanned and transmitted electronically shall be considered the same as the original signatures for the Terms and Conditions and all matters relating hereto.

 

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Signature- Bidder/Buyer Date Signature- Bidder/Buyer Date

 

 

(Print Name)_______________________________ (Print Name) ___________________________________

 

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Description

The Upper Skouguard Mine is a historic producer of Gold, Fluorite and Silver. The Upper Skougard has also been called the Monarch Mine, the Skougard Mine, the Staats Mine, the Roberts and Skougard Mine and the Roberts and Staats Mine over the last century (Thurston et al., 1954) – and there is a ton of information on past production and workinsg available online. You’ll have excellent 2-wheel drive access to this claim via fairly well maintained dirt roads, but it is a little ways outside of town and there’s a couple of spots where some overgrown vegetation along the way narrows the road a little, but nothing but branches in the way. There are a three really rich-veined mines on this claim. The oldest shaft has mostly been blocked by loose rock and gravel at the 8-foot level and will take some work to open. The Adit has also been blocked by natural erosion over the decades, but should be a lot easier to open. And finally the main shaft looks solid down to the 48-foot level, although the old head frame and collar is down. Excellent gold AND silver numbers – close to an ounce per ton would be realistic, so worth the effort to work this one. A lot of color just sitting on the ground in the old tailings piles, so that’s the best place to start first. NEEDLE RANGE, INDIAN PEAK MINING DISTRICT, BEAVER COUNTY, UT Location The Indian Peak mining district is located within the Indian Peak Range of western Beaver County approximately 40 miles west of the town of Milford in Beaver County. The district can be reached by traveling west from Milford on State Highway 21 past the ghost town of Frisco. Production From 1870 to 1976, the Indian Peak district produced 2.36 million tons of ore that yielded 44,900 ounces of gold, 19.6 million ounces of silver, 44.1 million pounds of copper, 405 million pounds of lead, 46.8 million pounds of zinc, and 892 pounds of tungsten. Fluorite and Fluorine has also been produced here in large quantities. History In 1870, the Cactus ore body was the first metallic mineral deposit discovered here, and the district was formally organized in 1871. Four years later, the Horn Silver ore body (the largest lead-silver ore body ever found in Utah) was discovered by James Ryan and Samuel Hawkes (Butler, 1913). These two prospectors sunk a shaft 30 feet and encountered chlorargyrite or horn silver (a rich silver ore), hence the name, Horn Silver mine. Fearing that the ore deposit would be small, they decided to sell the claim five months later, in 1876, to A.G. Campbell, Matthew Cullen, Dennis Ryan, and A. Byram for $25,000. These new owners proceeded to develop the ore body, erect a smelter, and process and sell the ore. During the three-year period from 1876 to 1879, the total value of mine production was $2.54 million, which included almost 50 percent paid out as dividends. In 1879, they sold the greater part of their interest to the newly incorporated company, Horn Silver Mining, for $5 million. The nearby town of Frisco was established and by 1880 had about 800 inhabitants. Drinking water was brought to the town via the railroad from Black Rock, Utah about 30 miles to the east, or hauled by wagon for 10 miles from springs in the Wah Wah Mountains to the west. From 1880 to February 12, 1885, the mine was a constant producer until the upper 800 feet of the original shaft caved in. The desire for high production possibly caused disregard for good mining practice; miners reported the mine creaking and shifting prior to the cave-in. Luckily, the mine collapsed during a shift change and no one was hurt. Mining resumed in 1886 and continued until 1952 with a brief period of inactivity from 1932 to 1937. From 1875 to 1952, the Horn Silver mine produced 834,000 tons of ore yielding 196,000 tons of lead, 17.9 million ounces of silver, 25,700 ounces of gold, 9,650 pounds of copper, and 23,300 pounds of zinc (Wray, in preparation). Other mines that produced ore in the district include the Beaver Carbonate group, Cactus, King David, Cupric, and the Frisco Contact. Of these, the Beaver Carbonate group (including the Carbonate, Rattler, and Quadmetals mines) was the largest silver producer. From 1879 to 1942, this group produced an estimated 92,900 tons of ore generating 12 million pounds of lead and 1.18 million ounces of silver (Wray, in preparation). The Cactus mine was the most productive for gold and copper. From 1870 to 1957, the Cactus mine produced 1.40 million tons of ore yielding 13,500 ounces of gold, 34.5 million pounds of copper, and 301,000 ounces of silver. Geology Sedimentary rocks in the district consist of limestone, dolomite, and shale ranging in age from Late Cambrian (515 million years old) to Late Ordovician (458 million years old). These rocks formed from sediments that were deposited on a wide, shallow shelf along the eastern edge of a large ocean. From the Middle Jurassic to early Tertiary (170 to 40 million years ago), these rocks were uplifted, folded, and faulted during the Sevier orogeny. Approximately 35 million years ago, volcanic lava flows covered the immediate area followed by magma intrusions 31 to 28 million years ago (Best and others, 1989). Hydrothermal (hot) fluids from the cooling magma bodies migrated upward through pre-existing faults and fractures creating the ore deposits of the district: (1) replacement deposits, (2) skarns, and (3) breccia pipes. Replacement deposits are the most important type of ore body found in the district. The Horn Silver ore body is an example of a replacement deposit that formed along the Horn Silver fault. The maximum dimensions of the ore body were approximately 700 feet along strike, 100 feet in width, and 1000 feet in length (Whelan, 1973). The ore host rock consists of Cambrian limestone and shale of the Orr Formation (approximately 515 million years old). Skarns are small deposits found along the contact of the intruded rock (quartz monzonite) with carbonate rocks in the district. At the Cupric mine, copper ore was mined from a skarn deposit. Mineral deposits within the granodiorite in the district are referred to as breccia pipes or breccia zones. A breccia pipe is a pipe-like body composed of angular or rounded rock fragments of the country rock held together by natural mineral cement. At the Cactus mine, breccia pipes may have formed from faulting or hydrothermal alteration (where soluble material has been partly or completely removed by a hot water solution causing the overlying rock to collapse). Mineralogy The ore bodies at the Indian Peak district contain gold, lead, silver, zinc, and copper. Primary orebearing minerals include chlorargyrite, galena, sphalerite, wurtzite, chalcopyrite, stibnite, argentite, bornite, pyrite, and hematite. The zinc sulfides of sphalerite and wurtzite are common in the ores of the Horn Silver mine. These zinc minerals will luminate a yellow color when exposed to ultraviolet light (called fluorescence). These minerals will also spark when scratched with a metallic object. This rare and unusual property is known as triboluminescence. Secondary oxidized ore minerals are cuprite, azurite, malachite, cerussite, smithsonite, scorodite, and wulfenite. Associated minerals include barite, gypsum, chalcanthite, beaverite, jarosite, wollastonite, and calcite. Chalcanthite and gypsum coat the walls of the King David mine. Beaverite, a hydrous sulfate of copper, lead, and iron, was first found and identified from the Horn Silver mine (Butler and Schaller, 1911). ACCESS This entire area is relatively easily accessible by dirt roads which are well marked and well maintained. A 2-wheel drive car can get to this claim via Pine Valley Road off of Route 21. The last part of the drive is on dirt roads which are wide and very well maintained as it is used by some residents and ranchers at the far end of the valley. I would recommend a good 4-wheel drive or even ATV’s to be able to access the entire claim that is not on the road if you want to explore off-road away from the mine. Only a 30 minute drive outside the town of Beaver, UT – so easy access to lodging, fuel, food, entertainment and supplies The area is full of dirt roads and old workings, so a good map and a good hiking/handheld GPS unit is a must, but we'll show you exactly where it is on the map as well as provide you with the precise latitude and longitude of each corner marker, so finding it will not be a problem for you. I advise caution whenever driving or hiking on this claim – the entire valley is dotted with abandoned mines, prospects and old workings – most of them are easy to see from a distance, but some of them are impossible to see until you are right on top of them. I would estimate that only 20% of them are roped or fenced off – the rest are wide open and you should be extremely careful if entering them.
Interested in this property?
Call 877-444-1195 to make an offer.