Eric,
The report is summarized as follows -
The company has entered into a lease to purchase agreement with Platoro West, to acquire a 100% interest in the Sunset claims in Chloride, Arizona, USA. They claim that the property has had excellent past gold results and is in a noted past-producing gold, silver, lead, zinc and copper mining district. They say that past surface mapping and sampling has delineated structures bearing gold, silver, lead, zinc and copper mineralization in a leucogranite host rock. They report that the property has shafts, declines and limited previous drilling with excellent drill results and targets. Four previous drill holes returned gold assays from 0.309 to 1.079 oz/t gold. The vendor will retain a 2% gross proceeds royalty interest and agrees to grant to the company an option to purchase the gross proceeds royalty fo US$750,000 cash. Fees prior to production are explained. For the whole report go to canada-stockwatch.com
Good luck,
Dave |
