Any Good Penny Resources Left? Message Board

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Gold/Mining/Energy : Any Good Penny Resources Left?

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To: paul s. who wrote (542)	12/12/1997 10:38:00 AM
From: keith schaefer	Read Replies (2) of 753

All of EGD's JV partners - Double Creek, Impact and Treminco, are required to spend $1.25 million over four years on these properties. EGD has a back in right for majority control (60%) by re-imbursing the companies for their exploration costs plus a $1 million premium. Detailed surface work will begin late January, and I think a realistic ETA on drilling is March-April. Energold's Majagual copper-gold porphyry will be drilled in February. John Kaiser's bottom fish report is out.

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