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Lot: 160 squareFoot
Near Pisgah Crater Road 0529-251-05 *** Magnificent mining opportunity in Newberry Springs CA. This 160 acre parcel is located right next to RHEOX Inc where they are mining Hectorite The RHEOX Mine, 32 miles east of Barstow, California, siding along the Santa Fe Railroad that parallels Interstate Highway 40, is a world-class source of hectorite, a thixotropic magnesium lithium silicate clay that formed when lithium and fluorine were introduced into fine lacustrine volcanic sediments through hot springs activity. Hectorite is used in cosmetics, household cleaners, plastics, rubber, paints, paint strippers, coatings, greases, adhesives, paper, and inks. This deposit has been supplying the highest grade thixotropic clay to the coatings industry continuously for over 50 years and contains reserves to support mining well into the next century. Also, the Fort Cady Minerals Corp. is in the area mining colemanite (calcium borate). See MINERAL LAND CLASSIFICATION FOR THE BARSTOW-NEWBERRY SPRINGS AREA attached to this listing. These lucrative minerals makes this parcel a must see opportunity worthy of serious consideration. Seller will carry with easy terms 33% down 7% amortization over 30 years due in 10, 50% down 5% amortization over 30 years due in 10, 67% down 3% amortization over 30 years due in 10. ***