Risk and valuation analysis of the Toboggan JV Project |
Status Risk : Green exploration |
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Title(s) of the Toboggan JV Project |
![](http://www.24hgold.com/24hpmdata/pub/216_new.jpg) | New Jersey Mining Company Owner: 100% |
![](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company Profile Company Profile](http://www.24hgold.com/style/all/img/bouton/website.png) | ![All Projects All Projects](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company website Company website](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company project page](http://www.24hgold.com/style/all/img/bouton/website.png) |
Title | Company Profile | All Projects | Company website | Company project page |
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Under the definitive agreement terms, Newmont can earn a 51% interest in the joint venture by spending $2,000,000 over three years, and can increase their interest to 70% by spending an additional $10,000,000 or completing a feasibility study in year more... |
![](http://www.24hgold.com/24hpmdata/pub/newmont.gif) | Newmont Mining Corp Option on interest: 51% |
![](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company Profile Company Profile](http://www.24hgold.com/style/all/img/bouton/website.png) | ![All Projects All Projects](http://www.24hgold.com/style/all/img/bouton/website.png) | ![Company website Company website](http://www.24hgold.com/style/all/img/bouton/website.png) | ![](http://www.24hgold.com/style/all/img/bouton/website.png) |
Title | Company Profile | All Projects | Company website | Company project page |
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Location of the Toboggan JV Project |
The joint venture is known as the Toboggan Project and covers all of NJMC’s claims within this area except the Niagara copper-silver property. Currently, the joint venture’s claims cover an area of about 4,800 acres.
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History of the Toboggan JV Project |
In March of 2008, New Jersey Mining Company (NJMC) signed a definitive agreement with Newmont North American Exploration Limited, a subsidiary of Newmont Mining Corporation (NYSE: NEM) to form a joint venture to explore for gold deposits within a 38 more...
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Geology of the Toboggan JV Project |
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Within the joint venture area are several promising gold prospects with major tonnage potential: the Golden Reward, Gold Butte, and Mineral Ridge. The three gold prospects are structural zones related to alkaline magmatism. The geochemistry of the more...
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