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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: Broken_Clock who started this subject6/18/2003 1:59:33 AM
From: Pete  Read Replies (1) of 587
 
AQI.V breaking out-
they are drilling on their gold property in Argentina they are buying from Newmont-

It is called the Calcatreu property and has 500,000 ounces of gold drill indicated-

Newmont is retaining a back in right-

"In addition, Aquiline has granted Newmont a back-in right on the project at any time up to the initiation of a feasibility study whereby Newmont can re- acquire a 60% interest in Calcatreu by spending three times Aquiline's exploration and development costs. This back-in right however excludes the three mineral claims that host the Vein 49 deposit. Aquiline has further committed to undertake minimum exploration expenditures (on the portion of the property covered by the back-in right) of US $500,000 over three years."

aquilineresources.com
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