Howdy, this from a recent 8k, just the facts.
<<The newly acquired claims, consisting of 44,046 acres, are 100% owned by
Golden Eagle International, Inc., and are free of any royalty obligation. The
Company's only obligation with respect to these new claims is an annual claims
fee payment (patent) to the Bolivian government of $17,825. These new claims
owned outright by Golden Eagle, together with those claims under the Company's
contractual control, give Golden Eagle exploration and mining rights to a total
of 49,573 acres in the Tipuani Gold Mining District. The Company's claim
holdings now extend over 18 miles in length, and between six to 10 miles in
width, covering a large portion of the ancient Paleo-Tipuani river system and
its gold bearing conglomerates. These are the same Paleo-Tipuani gold bearing
conglomerates which Golden Eagle has been exploring on the Cangalli claims for
the past four years.>> |
