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Canadian Gold Resources Ltd T.CAN


Primary Symbol: V.CAN Alternate Symbol(s):  CDNGF

Canadian Gold Resources Ltd., formerly Amseco Exploration Ltd, is a Canada-based gold exploration and development company. The Company is focused on advancing its 100% owned gold properties in the Gaspe Gold Belt of Quebec, Canada. The Company is the owner of the Lac Arsenault Property, the VG Boulder Property, and the Robidoux Property. The Lac Arsenault project is located in the Gaspe Peninsula of Quebec, approximately 25 kilometers (kms) north of Paspebiac and 58 kilometers from Bonaventure, covering a total of 4,118 hectares. The Robidoux project is located in the western Gaspe Peninsula, Quebec, covering 1,940 hectares. The VG Boulder project is located in the Gaspe Peninsula, Quebec and covers 14 km along the prospective Grand Pabos Fault, spanning approximately 5,787 hectares.


TSXV:CAN - Post by User

Comment by crazytanzanianon Nov 05, 2010 8:05am
337 Views
Post# 17662511

RE: RE: can's license

RE: RE: can's license
Please enlighten us Stockhaus1
Where does it say the option for the PML is illegal?
If you mean it cannot be owned by a non-tanzanian entity, then you must also know that PL's are also not ownable to non-tanzanian entities....
So, if Canaco can own the Kilindi PL through a Tanzanian enterprise... 
then, similarly, Sonora can also own a PML through a Tanzanian enterprise...
Now interestingly, ML can be owned by anyone... since the Handeni PML has now been upgraded to a ML, it can be owned by Sonora outright (once they exercise the option) without them even having to set up a fictitious tanzanian enterprise...
If you think that the option is illegal, then you must also think that CAN's setting up of a tanzanian enterprise for the purpose of obtaining the PL is also illegal.
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