OPERATOR: NEWCASTLE GOLD LTD.
ROYALTY: NSR: 1-5%
Franco-Nevada holds NSR royalties that range from 1% to 5% on claims covering the Castle Mountain mining property in the historic Hart Mining District, located in San Bernardino County, California, 90 km south of Las Vegas, Nevada. NewCastle Gold Ltd. (“NewCastle”) is currently evaluating reopening the Castle Mountain mine. The Castle Mountain land holdings total 30 km2, which includes patented claims (5 km2), and unpatented claims (25 km2). The mine was previously operated by Viceroy Gold and MK Resources and produced over 1.2 million ounces of gold over a 10 year mine life with residual mining through 2004. NewCastle completed a preliminary economic assessment in April 2014.