Post by
GoldGravy on Nov 04, 2020 11:17pm
Exploration Work By Previous Owner
I am sharing a map from the exploration work performed on the Kingsway property and surrounding area by Torq a few years ago. I find a couple of items quite interesting on the maps. Obviously the soil samples line up with our current ones or there abouts. The other is the magnetic imaging shows a very clear continuation of the low magnetic attraction on Kingsway throughout and Queensway North. I am sure Shawn Ryan kept these particular claims for this reason. However, I am confused as to why he passed up on a few of the other surrounding ones when Torq walked away. Anyway here is the link https://www.torqresources.com/news/2017/torq-resources-initiates-exploration-program-in-newfoundland/
Comment by
Sapwood on Nov 05, 2020 7:45am
I don't know if it works the same in the province of NFL, but in Quebec when you own a claim, you have to spend a certain amount of money on them annually (I think) in order to keep them... So in the situation here, maybe Ryan didn't have the cashflow to spend on all of them and kept the most promising ones...
Comment by
GoldGravy on Nov 05, 2020 8:34am
That is the case regarding increase costs per year for claims. Unfortunately it appears Ryan had the parcel sitting between us and NFG. It is a small parcel but seems like a good piece to the puzzle. Either way, I jave a clear idea why he held on to these particular claims.