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.