October 10, 2012
Glaser Weil Partner Barry Fink just concluded representation of a Nevada landowner in a mineral exploration and mining lease agreement, potentially worth more than $25 million, with a major gold and mineral mining company.
Under the terms of the lease, more than 30,000 acres of former ranch land in Elko County will be explored and mined for gold and other minerals by Gold Standard Ventures of Vancouver, B.C.
With the dramatic increase in the market price of gold in recent years, Nevada — which produces approximately 80 percent of the nation’s gold — is literally rich with opportunity for mining companies, which have accelerated their efforts.
Mr. Fink represented the landowner, a family that has held the property in the northeast corner of the state for many generations. Over the decades, the title had taken on many forms. Mr. Fink worked with the title company and investigated interests before negotiating the valuable lease agreement.
Mr. Fink is head of the Firm’s Tax and the Trusts and Estates practice areas.