Re: Hoov---Windfall
in response to
by
HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Re: Hoov---Windfall
9
Oct 29, 2008 08:06AM
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This is the agreement between Nornt-Murgor-Freswest (exerpt from NR Feb. 05, 2007) Under the agreement, Noront has agreed to issue, subject to all regulatory |
| approvals, 750,000 common shares in aggregate, of Noront and further match |
| Murgor/Freewest’s total exploration dollars spent by them on the project over the |
| past several years, estimated to be approximately $4 million over three years, in |
| order to earn a participating 50% interest in the claims. |
| Noront shall at all times act as operator of the project and further shall have the |
| right to propose to complete a feasibility study and should Murgor/Freewest not |
| participate in the costs of such feasibility study, Noront may earn an additional 10% |
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