Will be sold for ALL CASH to the highest bidder

at 9:00 AM, Friday,  May 2nd, 2014 on the steps of the Ferry County Courthouse.

Located at:

350 E Delaware Ave
Republic, Washington, 99166

Opening bid only $125,000

(estimated to be the land and timber value alone!)

Winning bidder must make full payment via wire or bank transfer

within 3 HOURS of being declared the high bidder.

Sale conducted by:

Mr Chris Montgomery

Montgomery Law Firm

Colville, Washington

509-684-2519

  • Once one of the most productive Lode Gold Mines in Ferry County, which is Washington states most prolific producer of gold.
  • Home of famous Echo Bay/Kinross mines.
  • The California produced over $100,000 in gold ( $6.5 million today $)

 

  • Operated 1900-1939. Reportedly closed due to war/family dispute
  • Estimated 1500 yards of tailings averaging 1 ounce/ton remain on site with a possible value in excess of $1.5 million
  • Assays averaging .85-1.23 Oz. Gold per ton!

Important Documents

These highlight everything from the history of the area to Legal documents

  • The California Mine Is located in the SW1/4 SW1/4 Sec 20 T36N R34E Township/Range Map
  • Located about 11 miles E of Republic Washington in Ferry County, in the NE section of Washington state.
  • Formerly owned by the  Apollo Consolidated Mining Co. (1903-1925) and   New California Mining Co (1949).
  • Following that it was owned by the Williams Family and later The Alice L. Peterson Revocable Trust.
  • In  March 2011, Emerging Gold Assets, LLC acquired the property and all mineral rights from Peterson.
  • A loan on the property was made by Michael G Anderson of Tucson, AZ
  • As a result of financial and health setbacks of the Emerging Gold Assets LLC Managing Partner, Thomas Brandon,  EGA, LLC  has been unable to meet a balloon payment currently due on the First Mortgage.
  • The current amount due from EGA, LLC  is in excess of $350,000.
  • The note holder, Anderson, is not in a position to maximize the potential opportunity related to this investment and therefore seeks to sell the land, timber, home site and mine.

For those that can’t be there in person.

If you are unable to be there in person, but are interested in the gold mine foreclosure sale,  representation can be arranged via a legal firm located in the Republic, Washington area.

All communication and dealings with any firm are your responsibility.

Attorneys in Republic WA area