Toboggan JV Project |
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Toboggan JV |
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Country |
USA
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Province |
Idaho |
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Close to |
Murray |
Status |
GREEN EXPLORATION
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Latitude / Longitude |
47 N 37 / 115 W 51 |
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Legends
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Risk and valuation analysis of the Toboggan JV Project |
Status Risk : Green exploration |
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Title(s) of the Toboggan JV Project |
| VanEck Vectors Global Alternative Energy ETF 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... |
| VanEck Vectors Global Alternative Energy ETF 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 |
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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Discoveries and Drilling Results | |
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Data last updated on : 8/11/2008
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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