Les and Alice in WonderlandCan Les and Somerville (or their lawyers and auditors) enlighten us on how 15% and 30% interests in joint venture agreements morph into a 100% interest?
2006-06-29 16:18 ET - News Release
Mr. Les Kjosness reports
SUMMER 2006 EXPLORATION PROGRAM
Golden Arch Resources Ltd. intends to initiate a summer exploration program on its 100-per-cent-owned Abbott Wagner property, which lies within the rocks of the Kootenay Arc, approximately 48 kilometres southeast of the town of Trout Lake, B.C.
In a recently compiled, NI 43-101 compliant, summary report, the author, R. Somerville, PEng, states, "A historical mineral resource of 327,000 tons grading 7.81 per cent lead, 6.39 per cent zinc and 295 grams per tonne silver (8.6 ounces per ton) is reported for this property."
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Ownership disclosures by Golden Arch in 2002
SEDAR
Sep 9 2002 Annual information form - English
PDF 129 K
Pages 7-8 &12 Golden Arch Resources Ltd.
Annual Information Form – August 28, 2002
4.4 Mineral Projects
Slocan/Revelstoke Mining Divisions
The Issuer has registered mineral rights, (excluding coal, petroleum and any gas or gases)to the following land parcels located in the Slocan and Revelstoke Mining Divisions,British Columbia. The mineral rights are subject to an agreement with a joint venture company whereby the joint venture company may acquire a 70% interest in the properties.
Lots (total number) Registered
Mineral Rights
Interest
3470 1/32
3477 1/32
3471-74 (4) 100%
6039-40 (2) 100%
12848-50 (3) 100%
3478-80 (3) 100%
4989-90 (2) 100%
5063 100%
4450-56 (7) 100%
765-766 (2) 100%
The Issuer also has mineral rights (exluding coal, petroleum and any gas or gases) to the following land parcels, collectively known as the “Red Elephant” gold property in the Slocan Mining Division:
Lots Registered
Mineral Rights
Interest
4985-4988 (4 lots) 100%
The Red Elephant mineral rights are subject to agreements whereby an 85% interest in these lots has been ceded to two companies. The Company maintains all the above land parcels as an investment for potential exploration and development purposes.
The Issuer will provide to any person, upon request to the President of the Issuer at the address listed below, the following additional information:
(a) when the securities of the Issuer are in the course of a distribution pursuant to a short form prospectus or a preliminary short form prospectus has been filed with respect to a distribution of its securities:
(i) one copy of the Annual Information Form of the Issuer, together with one copy of any document, or pertinent pages of any document, incorporated by reference in the Annual Financial Information Form;
(ii) one copy of the comparative financial statements of the Issuer for its most recently completed financial year together with the accompanying report of the auditor and one copy of any interim financial statements of the Issuer subsequent to the most recently completed financial year; and
(iii) one copy of any other document that is incorporated by reference into the short form prospectus or the preliminary short form prospectus and that is not required to be provided under (i) or (ii) above; or
(b) at any other time, one copy of any other document referred to in (a)(i) and (ii)above, provided the Issuer may require the payment of a reasonable charge if the request is made by a person who is not a holder of the Issuer’s securities.
The President of the Issuer can be contacted at:
Attention: Les Kjosness
President, Golden Arch Resources Ltd.
#928 – 470 Granville Street
Vancouver, BC V6C 1V5
Telephone: 604-681-8222
Fax: 604-681-8282
Email: goldenarchresources@telus.net
HeyRick -You can all be sure Les will be happy to oblige