Beacon Resources Inc CPLJF

Tri-Gold adds to land position

[megacopper]

Tri-Gold wanted these 3 claims in a bad way because they sure didn't mind paying for them. Sweetheart of a deal for JGM Mckirdy. You don't see a deal for so few claims and so much money very often. Something must be up. Barry is making it happen!!! Tri-Gold to buy three minerals claims at Big Duck 2006-11-08 11:52 ET - News Release Mr. T. Barry Coughlan reports Tri-Gold Resources Corp. has, subject to regulatory acceptance, entered into an agreement to acquire an option for 100 per cent of the mining rights to three patented mineral claims which will form part of the company's Big Duck Lake property in Ontario. To earn the interest in the claims the company has entered into a letter of understanding with JGM McKirdy Limited as follows. The company will earn a 100-per-cent interest in the patent claims TB1861, TB1955 and TB1906 in return for the following payments and commitments: cash payment -- $50,000 year 1, $150,000 year 2, $300,000 year 3, $500,000 year 4; stock issuance -- 50,000 year 1, 50,000 year 2, 50,000 year 3, 50,000 year 4; work commitment -- $50,000 year 1, $150,000 year 2, $300,000 year 3, $500,000 year 4; net smelter royalty of 2 per cent; the company has the right to purchase 1 per cent of the 2-per-cent NSR for $5-million; the company is to complete a prefeasibility study on the Big Duck Lake project by the start of the sixth year from execution of the letter of understanding; and the company is acquiring the mineral rights associated with the claims and will have the right to construct facilities deemed necessary to develop any mineral deposits discovered on the claims. JGM McKirdy will retain the surface rights to the claims. We seek Safe Harbor.

[burke]

wow, we must be bear hunting. Everything has firmed up, well bid.