Property Location: This property is located within and adjacent to the western boundary of the City of Lead, SD

Property Directions: On the north edge of Lead, on US HWY 14A, take Cutting Mine Rd west approximately .4mi to the property, Or from the top, at the intersection of HWY 14A and 1st St, take 1st St west to Mountain View and follow Mountain View to the end. Property will be to the north.  

The nearest town to the Cutting Mine Property is Lead, SD nestled in the northern Black Hills. Lead’s population is approximately 3,000. Though small, the community boasts a heavy tourist industry, rooted in the region’s historical gold mining industry of the 1800’s. There is shopping, fine and casual dining and sightseeing of the many local attractions. Lead is currently the home of Sanford Underground Research Facility that draws worldwide attention. Four miles up the road is historical Deadwood, South Dakota, home of legendary figures, historical shootouts and gaming halls!

The Black Hills is home to multiple natural beauties and attractions including Mount Rushmore, Custer State Park, Black Elk Peak, Sylvan Lake and many more. The area offers many recreational opportunities including: hiking, fishing, hunting, ATV riding, golfing  and during the winter months snowmobiling and skiing.

Rapid City is located 45 miles southeast of Lead. Air services are found in the nearby towns of Spearfish and Sturgis. Regional flight services are available within an hour drive at Rapid City Regional Airport with direct flights to over twenty major markets.

The property is timbered and rugged with many aspen filled draws. Deadwood Creek makes the north boundary along much of the property. 

Grizzly-Mineshaft complex, 40 to 80 percent slopes (227 Ac.) Pactola-Buska channery silt loams, 20 to 60 percent slopes (166 Ac).

There are major water resources on the property, including flowing wells, creeks and springs. City water is available from the upper end.  

The property is easily accessed off US Hwy 14A on the north edge of the City of Lead and is flanked by the Deadwood Creek Rd along the north boundary.

The property is largely unimproved, save an existing block building connected to the Cutting Mine. Remnants of the Mine structures are still visible on the property.

The property has not been in production in recent years.

Whitetail deer are the most prominent wildlife on the property and can be seen in abundance. Other species include, coyote, bobcat, raptors and others common to the region.

There is 3-phase and single-phase power located on the premises. (The transmission lines crossing the property will not be available as service lines).

Black Hills Power, Inc. will retain a 50’ Electric Overhead/Underground Easement (25’ from the centerline) along the existing transmission and power lines. See Easement documents in Bidding Packet. 

The real estate taxes are currently assessed centrally and will be re-assessed upon transfer of title.

Tract 1: Consisting of 160.3117 Ac. 

• Legal description; mineral loads.: Montoursville, Manhattan, Nellie McCarthy, Muncy, Williamsport, Boss, General Lawton #3, General Lawton #2, Golden Rule, Plutocrat, Of mineral survey # 1685. in Sections 30 & 31, all in T 5 N, R 3 E, BHM, Lawrence County, South Dakota.
• Tract #1 is the largest of the individual Tracts in the offering at 160.31Ac. This is a remarkable property with size and topography rarely available this close to population centers. The terrain varies from rugged mountain like ridges to pleasant aspen lined draws and coolies. Deadwood Creek follows the boundary along the north and western perimeter and Rutabaga Gulch runs along the eastern boundary and through parts of the property. Access may be obtained from Cutting Mine Rd/Deadwood Creek Rd, via the section line and entering from the west. Additionally, in the event the property sells in Tracts, an easement will be retained providing access along the Rutabaga Gulch trail.  

Tract 2: Consisting of 90.86 Ac.

• Legal Description: Mineral Lodes Lucy, General Lawton, Pennsylvania, Max, Buckhorn, Good For Nothing and Good For Nothing Fraction of Mineral Survey #1685 in Sections 30 & 31 all in T5N, R3E, BHM, Lawrence County, South Dakota.
• Tract 2 is a large Tract with exceptional access directly off Cutting Mine Rd/Deadwood Cr Rd. Deadwood Creek flows along and through the property and Rutabaga Gulch provides access through the interior along aspen lined coolies and rugged rock outcroppings. Numerous mine claims and shafts can be found throughout this tract.  In the event the property sells in Tracts, an access easement shall be reserved through this Tract along Rutabaga Gulch to the adjoining Tracts.  

Tract 3: Consisting of 33.028 Ac.

• Legal Description; Mineral Lodes, Black Coon Fraction of Mineral Survey #1685 in Section 30; and Mineral Lodes Winnie F and Winnie F Fraction in Sections 29 & 30, all in T5N, RE, BHM, Lawrence County, South Dakota.
• Tract 3 is a remarkable property and includes the historic Cutting Mine together with points of access to its various shafts and tunnels. Three phase and single-phase power is on the property. The remnants of the Cutting Mine structures are located on Tract 3 along with the flowing well originating at the mine. Deadwood Creek traverses this Tract and Cutting Mine Rd provides convenient access less than a half mile off US Hwy 14A!  

 Tract 4: Consisting of 17.578 Ac.

• Legal Description; Mineral Lodes Kangaroo and Tiger of Mineral Survey #1411 in Sections 29 & 30; all in T5N, R3E, BHM Lawrence County, South Dakota.
• Tract 4 is comprised of high ridges and rock outcroppings with Rutabaga Gulch running along the western boundary providing an inviting mix of mountain and valley. In the event the property sells in Tracts, access easements will be provided from the Mountain View Dr. (from the south) and Rutabaga Gulch along the bottom. The views are spectacular from this tract from the miles of Black Hills Forest to the plains and Bear Butte.  

Tract 5: Consisting of 14.176 Ac.

• Legal Description; Mineral Lode 4th of July of Mineral Survey #1411 in Sections 29 & 30; all in T5N, R3E, BHM, Lawrence County, South Dakota
• Tract 5 is comprised of high ridges and rock outcroppings with Rutabaga Gulch running along the western boundary providing an inviting mix of mountain and valley. In the event the property sells in Tracts, access easements will be provided from Mountain View Dr. (City of Lead) and Rutabaga Gulch along the bottom. The views are spectacular from this tract from the miles of Black Hills Forest to the plains and Bear Butte. A portion of this tract lies within the Lead City limits. In the event the property sells in Tracts, an access easement will be retained through Tract 5 providing access to Tract 4.  

Tract 6: Consisting of 20.658 Ac.

• Legal Description; Mineral Lodes Elkhorn and Pheonix of Mineral Survey #1411 in Sections 29, 30, 31 & 32 all in T5N, R3E, BHM, Lawrence County, South Dakota
• Tract 6 is comprised of high ridges and rock outcroppings with Rutabaga Gulch running along the western boundary providing an inviting mix of mountain and valley. In the event the property sells in Tracts, access easements will be provided from Mountain View Dr. (City of Lead) and Rutabaga Gulch along the bottom. The views are spectacular from this tract from the miles of Black Hills Forest to the plains and landmark Bear Butte. A portion of the tract lies within the Lead City limits. In the event the property sells in Tracts, an access easement will be retained through Tract 6 providing access to Tracts 4 and 5.  

Tract 7: Consisting of 20.602 Ac.

• Legal Description; Mineral Lodes North Dakota and South Dakota of Mineral Survey #1411 in Sections 31 & 32; all in T5N, R3E, BHM, Lawrence County, South Dakota. 
• Tracts 7 is comprised of high ridges and rock outcroppings with Rutabaga Gulch running along the western boundary providing an inviting mix of mountain and valley. The views are spectacular from this tract from the miles of Black Hills Forest to the plains and Bear Butte and is bordered by BLM along portions of the west and south sides. A portion of the tract lies within the Lead City limits. In the event the property sells in Tracts, access easements will be provided through Tract 7 from Mountain View Dr. (City of Lead) providing access to Tracts 4, 5 and 6. 

ENTIRE UNIT Consisting of 360.95 Ac 

Legal Description: T5N, R3E, BHM Lawrence Co., SD 

Sections; 29, 30, 31 & 32; MS 1685, MS 1702, MS 1411 

• Located in the hub of the northern Black Hills of South Dakota; The Cutting Mine property is that quintessential Black Hills recreational property and much more.  This property is highly accessible, yet if you like, you can get ‘lost in plain sight’. The terrain provides remarkable diversity with steep ridges, live water creeks, springs and coolies. The property features the historic Cutting Gold Mine and sells with 100% of the mineral rights intact and transferring with title!
• Part of the property lies within the Lead City limits and it is all just up the road from Historic Deadwood. Power is located on the property with 3-phase and single phase available. (The transmission lines located on the property are not available for power. Black Hills Power, Inc. will require easements along the existing power lines for operation and maintenance). This property has so much to offer – Let your imagination run! 

• The Property will be offered in Seven Tracts and as One Entire Unit, selling in the manner realizing the greater return for the Seller. The Property sells subject to Seller confirmation. A 50′ Electric Line Easement following the existing powerlines shall be required to be signed by Purchaser at the time of Closing. In the event the property sells in Tracts, a 50’ access and utility easement, following existing trails, shall be reserved and executed by the Parties at the time of closing. Cost of the easement document shall be the responsibility of the Seller. At the conclusion of the auction successful bidders shall enter into a purchase agreement and deposit 15% nonrefundable earnest money with the balance due in certified funds upon closing, on or before December 27, 2024. Property will be sold without buyer contingency of any kind. Have financial arrangements secured prior to bidding. Property shall be sold by legal description only. No warrantees or representation is made regarding actual acreage. The property has been surveyed and survey maps are available for review prior to the auction. All information has been derived from sources deemed reliable; however, neither Seller nor the Auctioneers/Brokers are making any guarantees or warranties, actual or implied. Property selling “As-is where is”. Inspect to the extent deemed necessary both on and off premises and use your own judgement when bidding. Announcements made at auction take precedence over any prior printed or oral representations. Black Hills Power, Inc. and Hewitt Land Company, Inc., are not responsible for accidents.
• Possession: Possession shall be granted at Closing
• Title: Merchantable title shall be conveyed by Warranty Deed, subject to easements, restrictions, covenants and/or reservations of record. An Owners policy of title insurance shall be provided at the time of closing, with the cost divided equally between Purchaser and Seller. A preliminary title policy will be available for your inspection prior to the auction. Mineral interests have been determined to be 100% intact and shall transfer with title.
• Taxes: The 2023 and 2024 taxes shall be paid by the Seller. The 2025 taxes shall be the responsibility of the Purchaser, when due.
• Representation: Hewitt Land Company represents the Seller in this transaction. Broker Participation is invited, (form and deadline required).
• Owner: Black Hills Power, Inc.