The Company is planning to extract a 3,000 ton bulk sample of molybdenum ore to complete the evaluation of the commercial potential of reserves at the Nortoba-Tyson moly property.
The required reports for processing and obtaining the permits for the bulk sample have been filed with governmental agencies.
3. Describe and provide details of any new products or services developed or offered. For resource companies, provide details of new drilling, exploration or production programs and acquisitions of any new properties and attach any mineral or oil and gas or other reports required under Ontario securities law.
Extracted a sample from the main molybdenum vein for additional metallurgical testing.
A scoping study on the gold properties is underway to select one as a focal point for exploration and development.
4. Describe and provide details of any products or services that were discontinued. For resource companies, provide details of any drilling, exploration or production programs that have been amended or abandoned.
No program has been amended or abandoned.
5. Describe any new business relationships entered into between the Issuer, the Issuer’s affiliates or third parties including contracts to supply products or services, joint venture
agreements and licensing agreements etc. State whether the relationship is with a Related Person of the Issuer and provide details of the relationship.
No new business relationships were entered into by the Issuer during the month.
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the Issuer’s affiliates or third parties or cancellation of any financing arrangements that have
been previously announced.
No contracts or agreements expired, terminated or were cancelled during the month.
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred during the preceding month. Provide details of the nature of the assets acquired or disposed of and provide details of the consideration paid or payable together with a schedule of payments if applicable, and of any valuation. State how the consideration was determined and whether the acquisition was from or the disposition was to a Related Person of the Issuer and provide details of the relationship.
Other than in the normal course of business, the Issuer did not acquire or dispose of any assets during the month.
8. Describe the acquisition of new customers or loss of customers.
This is not applicable to the Issuer.
9. Describe any new developments or effects on intangible products such as brand names, circulation lists, copyrights, franchises, licences, patents, software, subscription lists and trade-marks.
This is not applicable to the Issuer.
10. Report on any employee hirings, terminations or lay-offs with details of anticipated length of lay-offs.
The bulk sample programs, modification and commissioning of the mill are being carried out either by contractors or by employees hired for these programs. |
