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Acme Gold Company Ltd V.AGE


Primary Symbol: C.AGE

Acme Gold Company Limited is a Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. The Company owns a 100% interest in two contiguous mineral claims covering approximately 3,314 hectares (the Old Fort Property) located in the Babine District of northern British Columbia (BC), 22 kilometers (km) north of the village of Granisle, BC. The Old Fort Property lies about 13 km northwest of the past producing Bell copper mine. It owns the Old Fort Property for its potential to host porphyry copper gold mineralization similar to that seen elsewhere in the Babine District, such as the past producing Bell and Granisle mines, and at the Morrison deposit.


CSE:AGE - Post by User

Bullboard Posts
Comment by jsnfernleyon Apr 11, 2011 11:23pm
311 Views
Post# 18417133

RE: Dubuisson Property...

RE: Dubuisson Property...51% of Dubuisson was sold, the exploration option is for another 14%:

"In July 2010, Adventure Gold announce the conclusion of a major partnership with Agnico-Eagle Mines Ltd. (TSX: AEM, "AEM") through the signing of a selling and an option agreement. Under the terms of the Agreement, AEM acquired 51% of AGE's right, title and interest in the Property by making, a cash payment of $100,000 and issuing 15,000 shares of AEM to AGE. Also under the terms of the Agreement, AEM may acquire an additional interest of up to 14% of AGE's right, title and interest in the Property by spending up to $4M in exploration work on the Property over a period of five (5) years from the effective date of the Agreement with a minimum of $600,000 of work to be completed or paid in cash to AGE before the end of the first two (2) years."

AEM might be compiling all of the Dubuisson work into their comprehensive database including the Goldex in order to determine how best to proceed.  AGE compiled the work in 2009, but obviously don't have access to Goldex data.  Legally, AEM doesn't have to be in a hurry.
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