100% MINERAL RIGHTS

1,145± Acres of Prime Quarry Land – Bankruptcy Sale

Mine Details

Commodity: Limestone, Sand
Location: Tennesse, USA
Terms: For Sale
Price: Contact Seller

Contact Seller

Seller Website

Summary:

Substantial Marketable Reserves
Limestone: 969 million tons
Sandstone: 921 million tons

• Dedicated I-75 interchange directly into property
• 3± miles of Norfolk Southern Railroad frontage
• All sandstone geological tests well exceed TDOT specs for non-skid asphalt surface and RR ballast material
• Excellent road system throughout the property
• Excellent timber stand, with the last harvest occurring in 1993, as well as a strong elk presence in the area due to TWRA Elk Release

Location and Access:

Located in Campbell County, Tennessee, near Newcomb, next to Interstate 75 at Exit 56 Rarity Mountain

Description:

This expansive property offers great access with over four miles of frontage along I-75 as well as frontage along State Highway 297. Proven limestone and sandstone reserves make this property ideal for mining. Water is accessible through numerous natural springs and over three miles of the Elk Valley River running through the property. Additionally, there are over three miles of rail frontage. There is an excellent timber stand on site, with the last harvest occurring in 1993, as well as a strong elk presence in the area due to the TWRA Elk Release.

Geology:

The site contains over 960 million tons of Limestone reserves and 920 million tons of Sandstone from the Lee Formation of Pennsylvania age. The Sandstone drilled from the 500 foot high outcropping known as Hells Point Ridge, was put through five mechanical tests, including LA Abrasion and Silica Dioxide, and qualified for TDOT Type I-IV aggregate with an average of 72% better than specification, making it ideal for non-skid surface course asphalt paving mixes. There are no natural gas wells existing on the site, however there is substantial opportunity for a buyer to tap into a natural gas pipeline along the northern border if desired. There are also numerous producing oil/gas wells on neighboring properties, a positive sign that there is oil/gas in the immediate area. All topographical maps and test results will be provided upon request.

Photos:

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