Re: Any NEWS at All????
in response to
by
posted on
Feb 04, 2011 09:31AM
Focused on the Rice Lake Gold Belt
Bliz... the Letter Agreement and shall conduct a total minimum of $1,500,000 in exploration work on the Property over three years at a minimum rate of $400,000, $500,000 and $600,000 per year, respectively, to earn a 50% undivided interest in the Property. The Option Agreement provides StrikePoint Gold with the ability to unilaterally accelerate the spending on exploration work on the Property up to an additional maximum of $500,000 per year, calculated from the date of the Letter Agreement.
........just my opinion here, but looking back to 05 when the line was drawen in the Sand so SGR could leave themselves different escape roots in the future. To - day 5 yrs later we see that SGR has a strong backer that well allow San the time to drill as drilling is the back bone of any mining co. To - day we are also funded by the same backers so our hands are sort of tied. I see that Sans geological team has prioritized their drill targets on our side of the line and Bill Ferreira is leading the team. I expect we should see San drilling to earn their 50 % as Bill and team hunt for the CORE ( pencil ). Blizz, we share 1/2 of the hang wall, the Lidar pin pointed Sans structures continuing over the line, we have the basalt geology, we have rich grabe samples, we have Round lake sitting in the middle of all this surrounded by these structures and cross seams LEADING TO THE LAKE. I am wondering if we ( SKP ) ended up with the CORE ( pencil )as the high CO from Ross blasted through the volcanics and through the cooling process settled down at the low area around Round lake....Traps7