Petrolympic Ltd V.PCQ

Alternate Symbol(s): PCQRF

Energy Oil & Gas E&P

Petrolympic Ltd. is a Canada-based gold and lithium mining company. The Company is focused on its lithium exploration assets in the James Bay region, Basserode and Fourniere in Abitibi region as well as its gold exploration assets at Vauquelin and Rayon d’Or in the Val d’Or region, all in the Province of Quebec, Canada. The Li-1 and Li-2 Properties are in the James Bay - Eeyou Itschee area, approximately 125 kilometers (km) north of the town of Chibougamau. The Basserode and Fourniere Lithium Properties are in the Abitibi-Temiscamingue region, southwest of the Val d’Or mining camp, Quebec. Belcourt Property consists of 125 claims distributed in four blocks (Belcourt North, South, Central and West blocks), all proximal to one another and covering a total of 5,479 hectares. Its Rayon d’Or and Vauquelin Gold Properties are located within a gold mining camp in Northwestern Quebec. The Company also owns St. Lawrence Lowlands, Gaspe and Evangeline Lake Property.

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Petrolympic Ltd

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Post by PAYPAY1on Nov 30, 2008 9:13pm

536 Views

Post# 15619478

RE: RE: RE: Nothing to be that e...

- Canbriam shall drill 1 vertical well to the base of the Utica Formation and/or 30 metres into the top of the Trenton Formation prior to October 31, 2009 (the "Initial Exploration Program"). Within 90 days of completing the Initial Exploration Program, Canbriam shall select and notify the Existing JV of an 8,000 hectare parcel of contiguous Farmout Lands for which Canbriam shall have earned a 60% interest. The remaining 40% interest shall be held by Squatex and Petrolympic based on the terms of the Existing JV (i.e. Squatex - 28% and Petrolympic - 12%).

If you read, it's not before october 31, 2009 for Canbriam shall drill. Almost one year before, not press.

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