Asset Summary
Asset | Montana Royalties |
Interest | 1.5% NSR Royalty |
Commodity | Copper, Gold and Silver |
Location | Montana, United States |
Stage | Exploration |
Counterparty | Privately held |
Additional Notes | Vox retains an exclusive option to purchase this royalty for nominal consideration |
Asset Highlights
- Royalty on 15,831 acres of prospective mineral properties in Montana, originally purchased from Atna Resources Inc.
- In 2012, Atna evaluated the mineral potential on approximately 830,000 acres of mineral rights that it held in western Montana to create a portfolio of NSR royalty properties. Atna’s criteria for creating royalty properties from this vast mineral holding were the presence of surface mineralization, historical mining and favourable geology defined by exploration programs conducted by Anaconda Copper, Phelps Dodge and several other companies. Atna identified 11 properties with the highest mineral potential and created a 1.5% NSR royalty on these parcels.
- The royalties pertain to privately deeded property and are thus perpetually titled. Voluminous technical information suggests excellent potential for Cu, Cu-Au, Cu-Ag and polymetallic mineralization on these properties that is consistent with the largest mineral deposits located in western Montana.