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Near Pisgah Crater Road 0529-251-05
Newberry Springs CA 92365 US

$999,000

Active MLS #493774
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Lot: 160 squareFoot
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$999,000

Active MLS #493774
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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. ***

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Property Features

  • Facts
  • Lot Size: 160.00 acre
  • Property Type: Lots And Land
  • Property Sub-type: Other
  • Features
  • Roof Type: Unknown
  • Heating Systems: Other
Listing Changed: 1/10/2019 10:20:29 PM GMT
Source Updated Date: 1/16/2019 2:59:09 AM GMT

Courtesy of: Jeff Nyal, CENTURY 21 Fairway Realty

Listing Source - ListHub

Copyright © 2019 CENTURY 21. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.