| Risk and valuation analysis of the Pajingo Project |
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| Title(s) of the Pajingo Project |
 | North Queensland Metals Ltd.
Owner: 60% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| North Queensland Metals (NQM) has signed a Heads of Agreement with Newmont Australia to purchase the assets of the Pajingo Gold Mine, south of Charters Towers. NQM will joint venture with Melbourne based Heemskirk Consolidated (HSK). NQM will be 60% more... |
 | Heemskirk Consolidated Limited
Owner: 40% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the Pajingo Project |
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The Pajingo underground mine is located 43 miles (69 kilometers) south of the former gold mining center of Charters Towers, which, in turn, is 82 miles (132 kilometers) southwest of Townsville in northern Queensland.
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| History of the Pajingo Project |
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Discovered by Battle Mountain Gold in 1983 and operated as a joint venture by Normandy after 1991, the operation became 100% owned by Newmont in February 2002.
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| Geology of the Pajingo Project |
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Drilling over a strike length of approximately 2 miles (3 kilometers) has intersected high-grade epithermal gold mineralization to depths of more than 2,000 feet (600 meters) along the structure.
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