In order to exercise the option and acquire 60% ownership of the Property (subject to a 1.5% net returns royalty in favour of Salta), the Company must, over a three year period, pay a total of US$350,000, issue 1,000,000 common shares of the Company and spend a minimum of US$1,000,000 in exploration costs. The Company may purchase the remaining 40% interest in the Property for US$6,000,000 for two years following the option exercise provided that the Company pays Salta US$100,000 per year as advanced royalty payments. The property comprises approximately 11,200 acres in the Big Sky Valley which is adjacent to the, location of theRead More →

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