Business Type: Industrial
Date Listed: Fri, Feb 21, 2020
Property Tax: N/A
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Property Description for 13521 RIPPINGTON RD
This is an unique opportunity for an investor to explore for mineral, petroleum, nor natural gas in the Fraser Valley. There is also the potential for gravel extraction, but there is some restriction on this based on the Crown's rights to that resource. The owners of the underground rights are looking to sell those rights. The rights being sold are from the original Crown Grant, which are still in place. There is no right to extract Gold or Silver, or any gravel required by the Crown for the purposes of building roads. The owner of these rights is permitted unrestricted access to the surface of the lands for the purposes of mining or drilling, which includes building roadways, structures, and the storage of mined resources. The first, but accidental, discovery of natural gas in BC was in 1870 on the Maple Ridge/Pitt Meadows border. Other drilling exploration apparently occurred in and around 1914, near this location.