Ironwood Gold Corp. (OTCBB: IROG)
You don’t need to be a StockGuru to understand Gold, the precious metal is trading at and near an all time high. Everyone wants gold in their portfolio and there are several ways to do that.
The Big Gold Companies are also trading at highs: Barrick, Newmont, Kinross and Placer Dome.
But if you are serious – if you REALLY want a great way to invest in a BIG TIME gold company without the BIG TIME share price this is it.
Why? IROG has three properties for exploration.
The three properties contain known deposits of gold and are located in Nevada, where 80% of all gold in America is produced today. Each has an independent N.I. 43-101 reports detailing the assets and offering favorable exploratory recommendations.
Relationship with Teck Mining (NYSE: TCK)
Teck Resources, Ltd. (NYSE- TCK),a $26 billion market cap corporation, is one of North America’s largest integrated resource companies. It is the largest and most profitable diversified mining and mineral processing companies in Canada.
Teck’s market cap as of Friday stood at exactly $28.96B USD and it is trading in the $49.00 range.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Further information about Teck can be found at: www.teck.com.
Ironwood controls 100 percent of the claim through the exploration phase, with Teck having a buy-back option of up to 65 percent of the project in return for financing and mining operations.
The Assignment Agreement provides that the Ironwood acquires the undivided 100% right, title and interest in and of the Claims by making certain expenditures on or in respect to the exploration and development of the Claims. As such, Ironwood’s rights under the Agreement are subject to certain rights providing for Teck to earn back into the Claims by making certain expenditures on or in respect to the exploration and development of the Claims and further subject to certain royalties payable to Teck.
- Rock Creek Project (Rock Creek 43-101 Report)
- Haystack Property (Haystack Report)
- Cobalt Canyon Property (Cobalt Canyon Report)
This is looking like an incredible way to invest in gold … and Teck is clearly a Company that KNOWS what it is doing and has full faith in Ironwood.
Stay tuned for management profiles or link to StockGuru Ironwood Profile – and see why Teck has invested in Ironwood.
Ironwood Gold Corp.
7047 East Greenway Parkway
Scottsdale, AZ 85254
United States – Map
About: Ironwood Gold Corp. is a mineral exploration and development company building a portfolio of prospective properties containing known deposits of strategic precious metals in politically stable, mining-friendly North American districts with recognized production histories.
Notice Regarding Forward-Looking Statements This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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