Hi DoubleD, Location of the Huskies prospect can be seen by going to the web site: internationalkirkland.com then clicking on "maps", then on the Quebec map, then on map1. The claims are to the east of NWI's discovery.
The "costs" are probably staking and registration costs - being only $6000. If you want to know for sure you could check with the company.
From the company's point of view the conditions are pretty clear as stated:
<<In consideration,
the company will reimburse costs of $6,000, make cash payments of $55,000
on signing and $15,000 per year in the second and third years, incur
exploration expenditures of $200,000 over a three year period ($50,000 due
by May 31, 1999) and issue 100,000 shares. Of the shares, 50,000 will be
issued upon exchange acceptance and the further 50,000 are due on or before
May 31, 1999 upon exchange acceptance of a geological report detailing the
work done on the property and recommending further work. The property will
be subject to a 3 per cent net smelter return royalty.>>
P.S. You might like to keep your eye on the following thread:
Subject 25930 |
