Since 2008, Ely Gold & Minerals has focused on the development of high quality gold properties in Nevada. The Mt Hamilton project was purchased, developed and fully permitted in a joint venture partnership. Resources and In 2015, Ely Gold sold its interest for US$6,000,000. Since 2013, Ely Gold has been developing the Green Springs Project in Nevada.
Ely Gold’s wholly owned subsidiary, Nevada Select Royalty, Inc. (NSR), owns a 100% interest in 20 highly prospective, primarily un-encumbered precious metals properties in Nevada. The majority of its properties are precious metal exploration projects located in some of the most prolific and desirable gold trends in Nevada. Eight of the Properties are located in the Walker Lane district of western Nevada and eight are located in the Cortez Trend. The balance of the properties are unique situations throughout Nevada and surrounding U.S. states. Seven of the properties are currently leased or optioned and are generating cash flow from payments or advanced royalty streams. Six properties are “drill ready” Focus Properties where claims are consolidated and data rooms established. Seven are termed Development Properties where either additional claims and data are still being acquired.
Ely Gold’s royalty portfolio also includes six deeded royalties. Five of the underlying properties are in Nevada and one is in British Columbia. They are being worked by mid-tier or junior companies.