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Gold79 Mines Ltd V.AUU

Alternate Symbol(s):  AUSVF

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of 15 patented claims, covering approximately 282 acres and 379 lode claims on BLM land comprising about 7,480 acres (3,027 Ha).


TSXV:AUU - Post by User

Bullboard Posts
Comment by peruchocanuckon Oct 03, 2011 12:46pm
162 Views
Post# 19111970

RE: RE: RE: Letter of agreement, MOA

RE: RE: RE: Letter of agreement, MOA

Curvature you may be right about the 50 million, but a couple of things:
1- "the inside infomation would have leaked..". Back in 2009 the SP went up almost 200% on drill results and there was no leak at all, so based on that I would say AUU is not known for leaking results

2- "the original JV was signed by Plata Panamericana S.A. de C.V. ("Plata"),  an Pan Am subsidiary with both Intrepid and AUU"...not exactly...Intrepid optioned the Taviche properties from Plata at the end of 2006; early 2007 Intrepid signs a MOU with AUU to go 50/50 on the 70% Intrepid concessions...that's why I keep asking to see the doucments in detail...what is the mechannism agreed in the MOU to allow AUU to gain more share ownership when Intrepid opted not to contribute?

Bullboard Posts