Within 90 days of completing its commitments for a 60% interest, Arimex may elect to acquire a further 15% ownership for a total of 75%, by completing a feasibility study within 2 years; issuing to CanAlaska 200,000 additional common shares; and expending
a minimum of $500,000 (Cdn) per year on the Key Project.
4,000,000 euros within a five-year period; 300,000 euros to be expended during the first year.
Piedmont will have earned a 51% interest in the project upon expending
$2,000,000 in exploration expenditures and property and claims maintenance fees within 5 years of the effective date of this agreement.
TSX VENTURE:TTM) ("TTM") are pleased to announce that they have entered into an agreement whereby TTM may acquire a 15% interest in the Denain property by expending
a total of 300 000$ prior to July 31st 2005.
Kimberly may earn-in up to a 51% interest in the Lady of the Lake property in exchange for $80,000 cash and expending
$921,800 in exploration over a five-year earn-in period.
Furthermore, under the terms of the Agreement, AGG has elected to earn an additional 34% direct interest (for a total interest of up to 85%) by expending
an additional US $1,000,000 on the Mankranho License.
Its primary projects are the Puckett Field, MI, for which the Company is earning a 50% net working interest by expending
$2,000,000 in drilling and development on the property, and the Iowa,Field, LA, for which the Company is earning a 45% net working interest by expending
$1,200,000 in drilling a new well.
KBG") pursuant to which Conquest may earn a 60% working interest in KBG's King Bay Gold Project by expending
$600,000 on exploration prior to April 30, 2008, of which $200,000 is a firm commitment to be expended prior to April 30, 2006.
TRC-V) a 50% interest in the Fish Creek claims by expending
US$500,000 over three years.
Pursuant to the terms of the Letter of Intent, Quincy will be required to expend a total of $5,000,000 to acquire Newmont's rights to the Seven Troughs Project, including expending
$500,000 on exploration of the property during the 18 months following execution of a definitive agreement.
Peabody, or its assignee, has the right to earn a 70% participating interest in Thierry by producing a bankable feasibility study, or expending
$7 million on the property.
Mena can earn a 51% interest in the Carrizalillo Project by expending
US$2 million in direct exploration costs over three years.
all property optioned from Noranda by expending
a total of