RE:NR of Jan 24/22 for Mill rightsSOBARS wrote: The Transaction Transatlantic currently own all of the title to the mineral rights at the Golden Jubilee Claims with an underlying sub-lease to the Gunsinger Group for the mining rights. This current agreement gives Transatlantic the mining rights and ability to utilize the mill site with an option to purchase this sub-lease outright via a production based payment to a total of $2.2 Million USD. This gold production royalty payment is to be paid at between $100 USD and $250/oz Au, dependent on the gold price realized at the time of gold production.
On the royalty payment completion, Transatlantic will also receive private land and title to the Red Lion Mill site nearby.
Great info Sobers. Yup whats not to like at 3 cents . Beauty properties and well set up. Cheers.