Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: rdww who wrote (41830)	6/4/2007 11:05:29 PM
From: E. Charters	Read Replies (1) of 78418

A small private company called Goldwright has some land in that area with a few drill holes with Pt. goldwright.com The Highbank Lake property covers a recently discovered layered intrusion, which extends for approximately 500 square kilometers, and is being explored for reef-hosted PGE and chromium, and contact-type PGE mineralization. Impala Platinum Holdings Limited of South Africa, the world's second largest platinum producer, entered into an option agreement with Northern Shield pursuant to which Impala has the option of incrementally earning a 60% interest in the PGE and PGE by-products of the property by incurring $5 million in exploration expenditures on the property within five years. Impala has already earned a 20% interest in the Highbank Lake project by incurring $1 million of exploration expenditures.

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