Rick G Lorenz, The Wells Group of Durango, Inc., C: 970-759-3789, Rick@BuyDurango.com, http://www.BuyDurango.com: For your serious mineral prospector. I've not been underground on this property, but according to the maps it looks like there are several thousand feet of tunnel. Ground Floor Opportunity. Excellent investment properties located in Minnehaha Basin, just East of Gladstone. The properties are as follows: first is the claim name followed by the US mineral survey number followed by the number of acres in that claim:Minnehaha 14425 10.331 acresRouena 16393 9.501 acresRouena #1 16393 10.331 acresWould look at exchanging for income property. The county road runs through these parcels. They are contiguous to each other. Views beyond belief. See the backside of Red Mountain Pass. See the backside of the mountains around Telluride. One person, who had just returned from Glacier National Park, told me that these views rivaled those he had just seen. Your buyer will get title insurance and a general warranty deed. The Minnehaha Mine nearly adjoins the old Lead Carbonate mine which appears to have vein structure running southeasterly right onto these properties. It is at the very westerly end of the old Sunnyside mine which had been operating for nearly 100 years. There is fairly extensive tunneling on the Minnehaha and in the associated docs I have a very thorough assay map of level number 2 on the Minnehaha mine. This map shows the assay results for gold, silver, lead, zinc, and copper. I recently had some assay work done searching for the element tellurium and it did come back positive for that element. Tellurium is used in the construction of solar collectors and the now famous Gold King mine, which lies about a mile north west of these claims, contains one of the largest tellurium deposits in the country. That represents multiple thousands of dollars of work. As can be seen by the pictures, numerous mineralized outcrops are on this property. The entrance to the tunnel has been cribbed although overburden has come down over the opening. No water is coming out of the mine. Sellers will retain a small royalty (If your buyer ever mines, the sellers get a royalty. But the sellers are not allowed to mine and the sellers cannot make your buyer mine.)
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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