Golden Valley Mines Featured on Wall-Street.com as a Top Rated Mining Company
Golden Valley Mines Ltd. Is a public company that aims to field test initial grassroots mining properties while owning a 100% interest therein and then seeks partners to continue exploration funding.
Golden Valley Mines Ltd. Is a public company that aims to field test initial grassroots mining properties while owning a 100% interest therein and then seeks partners to continue exploration funding. The company engages in the exploration and evaluation of mineral properties in Canada where they explore for gold, copper, zinc, silver, nickel, platinum group metals, molybdenum, cobalt, and uranium.
Its primary objective is to conduct initial exploration on various properties, and then seek partners to conduct follow-up exploration programs and continue the exploration effort to insure minimum dilution for their shareholders. Nevertheless while Golden Valley Mines Ltd. establishes partnership,they still act like an operator which allows the company to continue exploration on these same properties with larger budgets than its own initial investment.
Wall-Street. has stated that the company strives be a good corporate citizen and maintain a reputation for the highest ethical standards in all its business activities.
Golden Valley Seeks Joint Venture Partners
Golden Valley Mines seeks joint venture partners to continue exploration and development at a more significant scale, maintaining an ownership stake in such projects through option agreements and joint ventures. A current example would be the Company’s option to Bonterra Resources Inc. on the Lac Barry Prospect, whereby Bonterra may earn an 85% interest by issuing Golden Valley $200,000 of Bonterra shares (issued) and spending $2,000,000 in exploration expenditures over a 3 year period. If vested, GZZ would retain a 15% Free-Carried Interest to production and a 3% NSR (net smelter return). Golden Valley Mines (together with its various subsidiaries) holds multiple property interests in gold and base-metal projects in Canada, including over 70 grassroots (early-stage) projects.
The Company’s more significant equity holdings include 49.4% (5.6M shares) of Abitibi Royalties Inc., a public royalties company that holds NSR agreements on portions of the Canadian Malartic gold mine near Val-d’Or, Québec, including a 3% NSR on the Odyssey North discovery, Jeffrey Zone and the eastern portion of the Barnat Extension and a 2% NSR on portions of the Gouldie and Charlie zones. Golden Valley Mines also owns 4.14M shares of Sirios Resources Corp. and a 2.5%-4% NSR (gold) in the Cheechoo gold project in James Bay, Quebec.
The Editors additional Note:
Golden Valley Mines Ltd. also owns significant equity positions in other public companies. The company’s approach is very strong and designed to keep Dilution down for the shareholders and investors through their project generator system
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Sep 07, 2016