Pacrim Resources Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Pacrim Resources

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: D. Bryan who started this subject	7/31/2003 9:36:57 AM
From: D. Bryan	of 18

News PacRim Resources to acquire Solomon data from Inco 2003-07-29 15:41 MT - News Release Mr. Ken Baird reports PACRIM TO ACQUIRE EXPLORATION DATA PacRim Resources has entered into an agreement to acquire historical exploration data on its Solomon Islands nickel laterite exploration properties from Inco. Inco explored for nickel laterite occurrences in the Solomon Islands from 1963 to 1967. Its initial work included prospecting, mapping and sampling areas of reported laterite nickel showings on several islands, including Santa Isabel and San Jorge. Subsequent exploration by Inco on the two islands included pitting, drilling and sampling to define the nature and dimensions of potential nickel deposits. PacRim can earn up to a 70-per-cent interest in four exploration licences on Santa Isabel and San Jorge by spending $3-million on the properties before Dec. 31, 2006. The licences encompass a total area of 396 square kilometres. Under the terms of the agreement, PacRim will issue 1.5 million shares of its common stock to Inco and grant Inco the right to purchase all ore produced from the properties on an arm's-length basis at prevailing industry commercial terms. The completion of the agreement is subject to regulatory approval.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next