Risk and valuation analysis of the COAL CANYON Project |
Status Risk : Green exploration |
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Title(s) of the COAL CANYON Project |
| Queensgate Resources Corporation Joint venture: 51% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Queensgate has an exploration funding agreement on three of Miranda Gold's properties: Coal Canyon, BPV, and CONO. Queensgate must fund $3,000,000 in exploration activities over a five-year period in order to earn a 51% interest in the properties. Up more... |
| VanEck Vectors Global Alternative Energy ETF Joint venture: 49% |
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Title | Company Profile | All Projects | Company website | Company project page |
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In mid-March 2008, Miranda signed an Exploration Agreement with Option to Form a Joint Venture with Queensgate Resources Corporation (Queensgate). Queensgate may earn a joint venture interest in the Coal Canyon, BPV and CONO projects. |
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Location of the COAL CANYON Project |
Coal Canyon consists of 9 unpatented lode mining claims in Eureka County at the north end of the Simpson Park Mountains south of Placer Dome’s ET Blue project.
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Geology of the COAL CANYON Project |
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The Coal Canyon property has a long exploration history including work by Homestake, Amselco, Cordex, Fisher Watt, American Copper and Nickel Company, Great Basin Exploration and Mining, and most recently by Kennecott Exploration. These operators completed 39,200 feet of drilling in 81 holes. Of these 81 holes, only 12 holes were drilled beyond 500 feet (152m).
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