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Golden Tag Resources Ord Shs V.GOG


Primary Symbol: GTAGF

Silver Storm Mining Ltd., formerly Golden Tag Resources Ltd., is a Canada-based mineral resource exploration company. The Company is focused on advanced stage silver projects located in Durango, Mexico. The Company’s project portfolio includes La Parrilla and San Diego Property. The La Parrilla project is located in Durango State, Mexico, approximately 76 kilometers southeast of Durango's capital and comprises 41 contiguous mining concessions in good standing, covering 69,478 hectares (ha). La Parrilla hosts five underground mines surrounding the mill, including Rosarios, La Rosa, San Jose, Quebradillas and San Marcos, and the Quebradillas open pit. The San Diego Property, which covers 92 ha, is located 75 km southwest of the city of Torreon, four km east-northeast (ENE) of the Company’s San Juana Mine and 13 km NE of Penoles’ Santa Maria Mine in north-east (NE) Durango State, Mexico.


OTCQB:GTAGF - Post by User

Post by 99921on Jan 23, 2007 3:18pm
204 Views
Post# 12074239

Operator

OperatorFrom the GOG Web site: Golden Tag can earn a 50% interest in the San Diego property from ECU Silver Mining by expending a total of US$1.5 million on exploration expenses in increments of US$500,000 per year over three years. ECU will be the operator of the project during the earn-in period and subsequently on the joint venture. Golden Tag and ECU will joint venture exploration and development of the property subsequent to the earn-in period and will bear their proportionate share of expenditures. ECU currently holds the mining rights to the property until 2014 and the right to purchase the property outright.
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