| Risk and valuation analysis of the Toboggan JV Project |
| Status Risk : Green exploration |
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| Title(s) of the Toboggan JV Project |
 | New Jersey Mining Company
Owner: 100% |
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| 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... |
 | Newmont Mining Corp
Option on interest: 51% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the Toboggan JV Project |
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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 |
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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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