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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (40321)5/19/2007 12:23:49 AM
From: onepath  Read Replies (1) | Respond to of 78419
 
mts.v Now having a re-look.Held EAM.v(Ecstall) until MTS took them over.Sold the MTS part and I am owed shares in what is left(explore co.) still waiting for my shares.Now I see MTS is down price wise and looks good also MDV in the same area and tied with an option to MTS.Cool picture of the area that I borrowed from Stockhouse.....
stockhouse.ca

Some info on the option...

Mantle, Megastar sign option agreement

2007-03-29 13:12 ET - News Release

See News Release (C-MTS) Mantle Resources Inc

Mr. Peeyush Varshney of Mantle reports

MANTLE SIGNS DEFINITIVE OPTION AGREEMENT TO EXPLORE MEGASTAR'S BC SEDEX ZINC PROPERTIES

Mantle Resources Inc., further to the news reported in Stockwatch Feb. 19, 2007, has now entered into a definitive agreement with Megastar Development Corp. pursuant to which Mantle has an option to earn an initial 60-per-cent interest in Megastar's sedex zinc properties located in northeastern British Columbia by spending up to $2.25-million.

Megastar's 100-per-cent-owned sedex zinc properties are located within an emerging premier zinc-lead district -- namely the highly prospective Gunsteel shale formation in the regionally extensive, world-class Kechika trough sedex zinc basin. The properties comprise over 18,000 hectares and are situated adjacent to and along strike the favourable geology which is host to several zinc deposits including Mantle's nearby Akie deposit where drilling has recently intersected high-grade sedex-style zinc-lead mineralization.

The definitive agreement is subject to regulatory approval. Mantle will be the operator and can earn a 60-per-cent interest in Megastar's properties as follows:

payment to Megastar of $50,000 and the issuance of 50,000 shares of Mantle upon signing a definitive agreement;
the issuance of 50,000 shares of Mantle nine months from signing a definitive agreement;
payment to Megastar of $100,000 and the issuance of 25,000 shares of Mantle on or before the first anniversary of the signing of the definitive agreement; and
spending $2.25-million in exploration and development over a three-year period.

Upon earning a 60-per-cent interest, Mantle can increase its interest to 80 per cent by spending an additional $1-million on the properties. Mantle can then earn a further 10 per cent (cumulative 90 per cent) by completing a preliminary feasibility study.







To: marcos who wrote (40321)5/20/2007 8:48:59 AM
From: Mr. Aloha  Read Replies (2) | Respond to of 78419
 
cuu.v -- I don't subscribe to Roulston so don't know what he's said about Teck. I tend to agree that Teck is likely to buy them out after the feasibility study's complete and their option is due. The recent shareholder rights plan they adopted should ensure that shareholders get treated right in any takeover attempt (MMG is likely to implement a similar plan).

mts.v -- This one's very early stage but has lots of potential. Lundin really likes it, which is a great indication.