| Risk and valuation analysis of the MT KARE Project |
| Status Risk : Green exploration |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the MT KARE Project |
 | Madison Minerals, Inc.
: 51% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| Madison Enterprises Corporation owns a 90% interest in the Mt. Kare gold exploration project in Papua New Guinea, since the acquisition in November 1999 of the 25% interest formerly held by its Australian joint venture partners Carpenter Pacific Reso more... |
 | Buffalo Gold Ltd
: 49% |
| | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| Buffalo has the right to acquire various interests in Madison's Mt. Kare Property |
|
|
|
| Location of the MT KARE Project |
|
The Mt. Kare property is comprised of exploration license EL1093, covering 220 square kilometers in the central highlands of mainland PNG at 3000 meters above sea level. It is contiguous to the Porgera Mine property operated by Placer Dome.
|
| |
| History of the MT KARE Project |
|
Gold mineralization was first discovered on the Mt. Kare property in 1986 by CRA Exploration during a regional stream sediment sampling program. At that point Mt. Kare was an uninhabited subalpine valley where local people occasionally came to hunt. more...
|
| |
|
|
