Gold Mine w/ Milling Site for Operations

Searchlight, NV (Clark County)

Gold Mine w/ Milling Site for Operations
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Asking Price: $6,000,000

Gross Revenue: N/A

Price/Sq. Ft.: N/A

NOI: N/A

Building SF: N/A

FF&E: N/A

Year Built: N/A

Gold Mine w/ Milling Site for Operations

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Property Description

When in operation, this mine in Searchlight, Nevada, was the second largest gold mine in southern Nevada. This gold mine and the town of Searchlight were founded in 1897 by George F. Colton. The mine is still owned by the Colton Family. For sale is approximately 216 acres in the heart of Searchlight which includes approximately 91 acres on west side of US Highway 95 and 135 acres on the east side. Unlike remote sites, this site is connected to public utilities and within a 45 minute drive of Las Vegas. The six patented mining claims and associated mineral rights were granted by President Theodore Roosevelt. A sample of vein material off of the Fraction shaft at 100 foot level recently assayed at 6.450 ounces of gold per ton. In additional to gold, the ore contains silver, copper, lead and zinc. Geologist Burt Westrum compared the outcroppings and general geology of the mine to that of the Carlin properties, but with the exception that the outcroppings at the mine are of greater value. The land on the east side of Highway 95 contains one billboard (leased) and can be used for a milling site and staging area, or can be used for a mix of commercial and residential. The land on the west side of the highway includes the vast majority of mining claims (two claims extend to the East side of the highway), three mobile homes, a fenced storage yard, a 40’ x 40’garage, a small process building, a store (leased), and two billboards (leased).

Detailed Information

Location:
Searchlight, NV
Type:
Other Business Real Estate
Building Status:
Established
Facilities:
The mine shafts are open in place and much of the facility remains on the property.
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Fred Marik

Property Listed By:
Fred Marik

Las Vegas Commercial & Business Sales

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