This is all I could find on the ECU-Golden Tag Resources joint Venture on San Diego in the SEDARS. It looks quite straight forward. I guess GOG has by now expended the $1.5 mln and therefore has built up a 50% interest in San Diego. Nothing about production expenses.
Please let me know if I missed something.
DCFM
"Montreal, Quebec, November 2, 2005
Golden Tag Resources Ltd. (TSX-V”GOG”) (“Golden Tag”) announces that it has entered into an
option agreement with ECU Silver Mining Inc.. (TSX-V:“ECU”) (“ECU”), whereby Golden Tag
can earn a 50% interest in the
SAN DIEGO PROPERTY, Durango State, Mexico
by
expending a total of US$1.5 million on exploration expenses in increments of US$500,000 per
year over three years. "
