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

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To: loantech who wrote (1758)	11/11/2005 4:52:24 PM
From: TrueScouse	Read Replies (2) of 78416

Tom: From the Impact website regarding the Zacualpan assets... <<... the first option agreement is a three-year lease with option to purchase for mining leases and concessions that include the producing Cuchara Mine and the high grade Compadres Vein now being prepared for production. Under terms of this agreement, IMPACT is making lease payments of US$3,000 per month and 100,000 shares per year as well as incurring work commitments totaling US$1,000,000 over three years covering the properties in both agreements. In return, IMPACT has the option at any time before the end of the third year to purchase 100% interest in the mining leases and concessions for US$1,000,000.>> I'm not sure of the timelines for IPT to complete its DD and the purchase agreement. Coach 247 is the expert on this one -- please clarify Mike if you're out there lurking. :^) Thanks, Howy

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