| Risk and valuation analysis of the Paymaster Project |
| Status Risk : Advanced discovery |
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| Title(s) of the Paymaster Project |
 | Lexam VG Gold Inc.
Joint venture: 60% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| VG Gold entered into a joint venture with Goldcorp on the Paymaster West Property in 2008. VG Gold has the right to earn 60% aof the project. |
 | Goldcorp Inc.
Joint venture: 40% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| History of the Paymaster Project |
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The Paymaster West project was initially explored and mined down to 600 ft between 1910 and 1928. Limited drilling in the 1950’s at the 1500 foot level and at the 2500 foot level encountered good grades and widths demonstrating that there is excellent potential at depth.
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