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Quinto Resources Inc V.QIT.H

Quinto Resources Inc. is a Canada-based gold exploration company. The Company owns a 5% interest in the Monster Lake property in Quebec, Canada, where a bonanza hole grading 237.6 g/t Au over 5.7 meters was drilled, as well several other high-grade gold drill holes. The Monster Lake property consists of approximately 114 mineral claims covering an area of approximately 3,336 hectares. It lies approximately 44 kilometers southwest of the town of Chibougamau in northwestern Quebec. The property is accessible by road and a high-voltage transmission line crosses the area nearby.


TSXV:QIT.H - Post by User

Bullboard Posts
Comment by RobertPageon Jun 07, 2013 10:26pm
137 Views
Post# 21500816

Questions - answers

Questions - answers

Hey folks

the money received in march from those investors

has been mostly (if not all) spent on Monster already.

Now , as far as the new deal is concerned, QIT certainly asked

the blessing of those "lenders" and got it.

They are better off right now !!!  They lent the money on an option, now they have an

asset (15% of the claims) in QIT.

They are probably opening Cristal Champaign bottles right now.

 

 

 

Bullboard Posts