OTCPK:NOXOF - Post by User
Comment by
somguyincanadaon Oct 01, 2011 9:38am
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Post# 19107210
RE: Marban Project is Looking Good
RE: Marban Project is Looking GoodI thought Aurizon was committed for 3 years. The following suggests that they can pull out??? September 30th has come and gone. Is Aurizon still in? Any one know?Excerpt from report:Aurizon has a September 30th deadline to decide if it will continue to work towards completing the option agreement which involve spending $20 million on exploration over three years, completing an updated NI 43-101 resource estimate andmaking a payment based on the total measured and indicated plus inferred gold resources. We had originally anticipated a formal announcement that Aurizon would continue with the joint venture on or prior to September 30th deadline but itappears that will not be the case.