Re: Lakeshore JV - roadrunner : agreement, laywer needed ?
in response to
by
posted on
May 05, 2011 09:37AM
<<< call up lsg and give them 30 days to comply with the agreement or void it.>>>
No chance, roadrunner.
LSG has earned their 55% interest, which is confirmed by PRB.
And both parties have formed a JV Comittee calling the shots.
And they were "planning" a 500m drill program in the first quarter.
Maybe weather conditions were bad and it was postponed ! LOL
FANTOMAS
Dec. 13, 2010 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 12/13/10 -- The Directors of Probe Mines Limited (TSX VENTURE: PRB) ("Probe") are pleased to announce that Lake Shore Gold Corp ("Lake Shore Gold") has vested a 55 percent interest in the Company's West Timmins property, located immediately adjacent to Lake Shore Gold's Timmins Mine property, and will act as Operator of the project. Probe will retain a 45 percent interest in the claims. A Joint Venture Management Committee (the "Committee") has been formed with two representatives from each company. The Committee is currently planning a diamond drill program to test a prospective target approximately 800 metres east from both the Timmins Mine and the Rusk-Porphyry Zone discoveries on Lake Shore Gold's wholly owned Thunder Creek property. The target is distinguished by a coincident magnetic-induced polarization anomaly in the vicinity of a single drill hole completed by Probe in 2004, which intersected alteration in the sediments similar to that found near the mineralized zones on Thunder Creek. The drill program will consist of approximately 500 metres and be completed in the first quarter of 2011.