|
|
 |
|
Miranda Gold Corp. has a reputation as one of the best project generators in Nevada attracting a variety of mining companies to fund the exploration on our properties. By successfully leveraging our technical expertise into joint venture partnerships we lower the risk of early stage exploration and preserve shareholder wealth. In exchange for earned interest in the projects they finance, our Joint Venture partners also allow for greater growth opportunities for shareholders. Below is a list of our current partners: Barrick Gold Corporation
 www.barrick.comBarrick Gold Corp. is a leading international gold mining company, with a portfolio of operating mines and development projects located in 4 continents. It is ranked as the third largest gold producer in the world. The Red Hill JV agreement, previously joint ventured with Placer Dome Ltd., specifies that Barrick can earn a 60% interest can be earned based on the agreement to spend US $2 million over five years in exploration expenditures. Over this five year period, cash payments totalling $250,000 will be made to Miranda Gold. An additional 10% can be earned by completing a bankable feasibility study within five years, with minimum annual expenditures of US $250,000. A total interest of 75% can be earned after completion of the study by having Barrcik arrange Miranda's share of project financing. Newcrest Mining Ltd.
 www.newcrest.com.auNewcrest explores for, develops and operates gold and copper mines in Australia and overseas. It has a strategy focused on expanding discovery for long term results.
Newcrest recently signed a Letter of Intent to Joint Venture on Miranda Gold's Horse Mountain project whereby Newcrest may earn a 60% interest by funding $3,200,000 over a four year period. The first year's expenditure of $500,000 is an obligation. In order to earn an additional 10% interest, Newcrest must then fund an additional $5,000,000 of qualified expenditures over a three year period. Cortez Joint Venture
 www.barrick.comThe Fuse East Property has been joint ventured with the Cortez Joint Venture (60% Barrick -- 40% Kennecott Exploration). The partner can earn 60% interest in the property by spending $1,777,500 in exploration expenditures over a five year period. $75,000 is committed to the first year and $100,000 for the second. Placer Dome can earn an additional 10% interest by completing a positive feasibility study and funding a minimum annual work commitment of $225,000. After completion of this feasibility study, Placer Dome can earn another 5% interest by arranging Miranda's share of project financing. Buckhorn Joint Venture
 www.barrick.comThe company's Fuse West property has been joint ventured with the Buckhorn Joint Venture (Barrick and Teck Cominco America Inc.). The Buckhorn entity can earn a 60% interest in the property by spending $197,500 in exploration over a period of five years. After completing the earn-in phase, the Buckhorn JV can earn an additional 10% interest by completing a bankable feasibility study. Following an arrangement of Miranda's share of project financing, the partner can earn another 5% interest for a total of 75% interest in the project. Piedmont Mining Company Inc.
 www.piedmontmining.comPiedmont Mining Company, Inc. is focused on exploration of properties in Nevada that have the potential to host high-grade gold and/or silver deposits. The Company's strategy is to select properties which it believes have exceptional potential and option or joint venture them only with experienced exploration groups. The Company does not intend to build its own exploration staff. The Company has now entered into earn-in agreements with experienced exploration groups on 7 gold and/or silver properties in Nevada. Piedmont has entered a joint venture agreement with Miranda Gold on the PPM Project, located in the north-end of the Battle Mountain-Eureka Trend. Under the terms of the agreement, Piedmont must expend at least $175,000 in exploration work during the first year of the agreement, $200,000 during the second year, $300,000 during the third year, $425,000 during the fourth year and $650,000 during the fifth year of the agreement. Upon completing the total $1,750,000 work expenditure requirement, Piedmont will have earned a 55% interest in the property and the project. At that point, Piedmont and Miranda would enter into a joint venture with Piedmont being the operator. After the first year of the agreement, Piedmont may terminate the agreement at any time on 30 days written notice. White Bear Resources Inc. White Bear Resources is a junior mining company currently working on its Initial Private Offering. White Bear is joint ventured on two properties with Miranda Gold. In the first agreement, on Angel Wing, White Bear can earn a 60% interest in the property by funding $2,500,000 in exploration activities over a period of five years. White Bear may then elect to earn an additional 10% interest by funding a bankable feasibility study or by spending an additional $10,000,000. The first and second year work expenditures - $100,000 and $200,000 respectively - are obligations in the agreement. The second agreement on Iron Point requires that White Bear fund $2,000,000 in exploration activities over a five year period. By funding this exploration White Bear would earn a 60% interest in the project, with the option to earn an additional 10% by funding a bankable feasibility study. A minimum expenditure of $300,000 is required in the first year of the agreement. Queensgate Resources Corporation
www.queensgateresources.comQueensgate Resources Corporation (QGR) is a Montreal, QC based natural resources exploration company focusing on discovering and developing precious metals properties in Nevada. With over 45 years experience working from a technical office in Vancouver, BC; QGR acts either independently or as a joint venture partner to fund and execute exploration work programs on grassroots level and advanced stage exploration properties where a resource may require further delineation and validation. 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. Upon earning a 51% interest Queensgate may earn an additional 9% interest, for a total of 60%, by funding an additional $2,000,000 and can eventually earn up to a 70% interest in all three properties by funding a bankable feasibility study on any one of the properties. The first year's $260,000 is an obligation that will include exploration expenditures as well as payments to maintain the underlying mineral lease. In addition to the work expenditures, Queensgate will issue 100,000 common shares of Queensgate to Miranda. CMQ Resources Inc.
 www.cmqresources.comCMQ Resources Inc. is a mineral exploration company focused principally on the exploration of its Montezuma property in Nevada, on the advancement of its earlier stage exploration property Vasquir, also in Nevada, and the Kuusamo property in Finland. CMQ signed a Letter of Intent on Miranda's Red Canyon project in 2008 whereby CMQ can earn a 60% interest by funding $4,000,000 over five years. CMQ may then elect to earn an additional 10% by completing a bankable feasibility study or by funding $10,000,000 in additional exploration.The first year's work commitment of $500,000 is an obligation. |
|
|
 |
HomeCorporateNewsInvestorsProjectsJoint VentureQwikReportContactDisclaimer |
