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Our Investments

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Racey Gold Project, OR, USA (100%)

Previous Exploration by Billiton, USA (predecessor to BHP) in the 1980's delineated a resource base of 776,000 ounces of gold through 150 drill holes. Further exploration in the early 1990's by ICAN Minerals and North Limited increased resources to 1,890,000 ounces.

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Central Gold Deposit, CA, USA (100%)

Previous Exploration by INCA Mining and Homestake led to a resource based of 511,000 ounces through the drilling of 246 holes.

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Hidden Lake Gold, MT, USA (100%)

Previously explored by Pegasus Gold in the 1990's with 36,000 feet of drilling delineated 97,444 ounces of high grade gold ore.

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Suni Iron Project, ON, CA (100%)

The Suni project is a significant iron ore deposit in Northern Ontario, Canada having been fully explored by Can-Fer Mines in the 1960's with the delineation of 190,000,000 tons of 23% Fe resources. The deposit is strategically located near rail, power, and a historic port used in the transportation of iron ore.

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Victorine Mine, Nevada, USA (100%)


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Big Hill Deposit, Maine, USA (100%)


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Gold (Au)

Racey Gold Deposit, Oregon, USA (100%)
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The Racey property hosts a porphyry-style gold deposit that has been the focus of over six significant exploration programs from 1980-1996 with over 190 holes drilled in the main mineralized zone. Previous drilling by Billiton Minerals USA inferred geologic resources of over 776,000 ounces to a depth of 150 metres. Subsequent exploration and drilling inferred a larger resource and the continuation of mineralization to depth.

Central Gold Deposit, California, USA (100%)
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The Central property hosts a mesothermal gold deposit in the Mother Lode district in Northern California. Previous Exploration by Inca Mining and Homestake led to a resource base of 511,000 ounces through the drilling of 79 holes.

Victorine Gold Mine, Nevada, USA (100%)
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The Victorine is a past producing high-grade mine in Lander County Nevada. It has produced over 100,000 ounces of gold since 1862. The last mining activity occurred on the property in 1989 by Nevada GoldFields. In 1993, a mineable ore estimate confirmed a remaining Proven/Probable reserve of 168,000 ounces.

Hidden Lake Gold Mine, Montana, USA (100%)
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The Hidden Lake Mine is a past producing high-grade gold mine near Anaconda, Montana. The mine has documented production of 24,132 ounces of gold from approximately 98,000 tons of ore during the periods 1935-1939. During 1996, Pegasus Gold and Meridian conducted 36,000 feet of drilling defining an inferred resource of 97,444 ounces.

Silver (Ag)

Big Hill Silver/Zinc Deposit, Maine, USA (100%)
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Big Hill may be one of the great undeveloped silver/zinc deposits in the US. The deposit hosts porphyry style Silver/Zinc mineralization that was the subject of four significant exploration programs between 1962 and 1984 culiminating in the delineation of a 24,400,000 tonne ore body grading 43.89 g/t Silver and 1.76% combined Zinc/Lead in the Indicated categories and an additional 150,000,000 tonnes of similar material in the inferred category. The deposit hosts a historic drill-indicated resource of 80,191,101 silver equivalent ounces at today's silver and zinc/lead prices. Maine has historically had difficult permitting laws and as a result Big Hill has never developed into a mine. We believe Big Hill will at some point need to be developed into a mine as it hosts strategic zinc/lead and silver resources for the US. Since NRH acquired the asset in 2011, the state of Maine has made substantial progress inapproving a new mining law which will allow for Big Hill to be developed as an open-pit mine. 

Iron Ore (Fe)

Suni Iron Project, Ontario, Canada (100%)
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The Suni project is an advanced stage magnetite iron ore deposit located near Kowkash, Ontario, only 5 Km from the CN Railway. Previous exploration by Can-Fer Mines and Algoma Steel included over 50,000 feet of diamond drilling and defined a resource of over 280,000,000 tonnes grading 28% Fe.

Total Gold Resources

Property Location Tonnes Grade (g/t) Contained Gold (oz)1 Standard
Racey Gold Deposit Oregon, USA 32,658,650 .74 776,000 Historical
Central Gold Deposit California, USA 7,855,312 2.02 511,000 Historical
Victorine Gold Nevada, USA 852,869 6.10 167,705 Historical
Hidden Lake Gold Montana, USA 491,013 6.17 97,444 Historical
  Totals: 41,857,844 1.15 1,552,149
Mineral Resources have not demonstrated economic viability and should not be treated as reserves.

See "Cautionary Note Concerning Reserve & Resource Estimates"

Total Silver Resources

Property Location Tonnes Ag Eq. Grade (g/t) Contained Silver Eq. (oz)2 Standard
Big Hill Maine, USA 24,407,157 102.19 80,191,101 Historical

Total Iron Ore Resources

Property Location Tonnes Grade (%Fe) Standard
Suni Iron Ontario, Canada 280,200,000 28.0 JORC
  1. For "Total Gold Resources" all resource categories have been combined as one and displayed as "Contained Gold". Please review individual resource tables for each project for disclosure of resource categories.
  1. For "Silver Equivalents" resource figure includes both silver and zinc values for Big Hill comprised of 24,407,157 tonnes grading 43.89 g/t Ag and 1.76% Zinc. Ag price used in calculation ($18.08/oz) Zinc price used in calculation ($2,462/tonne). Assumes 100% Recovery.