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Gold/Mining/Energy : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (697)4/9/2000 7:40:00 PM
From: DueDiligence  Respond to of 1321
 
Placer rights are all deposits from surface down to hardrock - or about 130 to 160 feet in this area. The gold deposits collect at the base of the mountain after many millennia of erosion, etc. Historically, a very nice place to find gold.

Furthermore, this area is not part of the IWA agreement with MSQ.

DD

PS - Sorry for the previous post - I suppose I was pushing MSQ a bit. FYI, I own both, but am frustrated why MSQ always trails IWA. No MSQ IR dept IMHO.



To: Enigma who wrote (697)4/9/2000 9:40:00 PM
From: bully  Respond to of 1321
 
In practical terms what do 'placer rights' mean in the......

context of a mining agreement?

Placer rights: mean that MSQ retains the right to extract ("MINE") "GOLD" from all alluvial / glacial "loose" gold bearing sands and gravel's on said property (but does not include "HARDROCK" deposits) which I'm led to understand there may be tens upon tens of millions of cubic yards of viable "PLACER" gold bearing material on the property in the case of the MSQ / IWA agreement!

"BULLY"!