The Revenue-Virginius Mine, located in Yankee Boy Basin southwest of Ouray, and its assets sold earlier this month to Thorin Resources, LLC. The Nevada-based company purchased the troubled mine for $1.8 million at auction, more than a year after the previous owner, Aurcana Resources, defaulted on a $28 million loan from its primary financial backer. Photo courtesy Ouray Silver Mines
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Revenue-Virginius Mine sells for $1.8 million
The Revenue-Virginius Silver Mine above Ouray has been auctioned off for $1.8 million.