OPERATOR: CARLIN RESOURCES, LLC
ROYALTY: NSR: 3-5%
Hollister is an underground mine located at the northern end of the Carlin Trend in the Ivanhoe Mining District, Elko County, Nevada, approximately 121 km east-northeast of Winnemucca, Nevada. Franco-Nevada holds a 3-5% NSR royalty on approximately 28 km2 of the Hollister project as well as a sliding scale NSR, which is subject to gold price and production thresholds and is capped at $3.5 million. The mine was operated by Great Basin Gold Limited until it was acquired in April 2013 by Waterton Global Resources Management (“Waterton”) through a bankruptcy proceeding. In November 2013, mining was suspended with Waterton stating it intended to focus on resource definition drilling to enhance asset value and extend the mine life. There was no timeline given for the evaluation. In November 2014, Waterton changed the name of the local operating company to Carlin Resources, LLC.