The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
Miranda Gold Corp. Aug. 12 reported an arrangement that brings together the surface and mineral rights on areas of the Willow Creek gold project that Miranda plans to develop.
Before this arrangement between Alaska Hardrock Inc. and the surface owner of areas of the Willow Creek project that is leased to Miranda, Alaska Hardrock had an easement and right to access the mineral rights and before mining commenced at the Coleman Mine, Miranda would have had to negotiate terms to use the surface to access the minerals.
Pursuant to the arrangement, Alaska Hardrock and the surface owner each traded surface rights and mineral rights so that on completion Alaska Hardrock will hold the surface and mineral rights on the land that Miranda is interested in, and the surface owner will hold the surface and mineral rights on land they are interested in.
Miranda President and CEO Ken Cunningham said, "This land exchange strengthens our position in the district and should facilitate both the permitting and financing of the Coleman Mine.
This land exchange eliminates the need for Miranda to negotiate a right to use the surface on the patented ground when mining at the Coleman commences."
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Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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