Archive for category Corporate Updates
Gold Fields Granted Option on Woodjam South Property, BC
Posted by admin in Corporate Updates, News Releases on May 26th, 2010
Vancouver, BC May 26, 2010 – Cariboo Rose Resources Ltd. (TSX-V: CRB) and Fjordland Exploration Inc. (TSX-V: FEX), the Woodjam Joint Venture (”WJV”) 40%-60% partners, are pleased to report that effective May 20, 2010, Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited group of companies (NYSE: GFI) has been granted an option on the WJV’s Woodjam South property. Gold Fields can earn a 70% stake in Woodjam South by undertaking, among other conditions, a minimum of US$15 million in expenditures and completing a comprehensive feasibility study.
Located in south-central British Columbia, 45 km east of the city of Williams Lake, the Woodjam South property includes the Southeast copper-gold-molybdenum zone, discovered by the WJV in 2008 and claims to the south and southwest (in total an area of 13,807 hectares), subsequently acquired by the WJV. To date, the WJV has completed 18 diamond drill holes totaling 7,700 m on the Southeast Zone, all of which are mineralized from the overburden/bedrock interface to the bottom of the holes. An exploration highlight is hole 08-84 that averaged 0.69% Cu, 0.27g/t Au and 0.006% Mo over 359.1 m, including 1.01% Cu and 0.44g/t Au over 200.8 m. Less than one-quarter of the 1.5 km by 1.0 km induced polarization anomaly has been tested. In addition, an airborne magnetometer survey completed by Gold Fields during 2009 identified several additional targets on the Woodjam South property which require follow up.
Gold Fields can earn an initial 51% interest in the Woodjam South property by spending US$7 million in exploration over a 3.5-year period, with a minimum expenditure of US$2 million in the first 18 months. In addition, Gold Fields will subscribe to a common share private placement of C$200,000 from Cariboo Rose and C$300,000 from Fjordland. The price per share will be 150% of the volume weighted average price as quoted on the TSX Venture Exchange for 10 trading days following the 20th day after the commencement date (completion of due diligence). During the initial option period, the WJV will be the operator of the project, while Gold Fields will provide technical direction.
Gold Fields can extend the option a further 19% for a total 70% interest in the Woodjam South property, by completing a comprehensive feasibility study of all known targets or deposits on the property. In addition, Gold Fields must spend a minimum of US$2 million on the property for each of the first 4 years of the second option period. The Agreement is subject to a due diligence period of up to 60 days by Gold Fields.
The WJV and Gold Fields are planning a large exploration program, including a minimum of 4,000 m of diamond drilling on the Southeast Zone. This is the beginning of a comprehensive and aggressive exploration campaign which could entail total exploration spending of approximately C$35 million over a 7.5-year period in the combined Woodjam project (South and North properties). In addition, the comprehensive feasibility study to be completed by Gold Fields to earn a 70% interest at Woodjam South, would add significantly to property expenditures. For Woodjam North, the agreement calls for optional expenditures totaling C$19 million over the 7-year term, including cash payments of C$350,000 to the WJV over the initial 3-year period of the option agreement (See CRB News Release, June 3, 2009 for details). For Woodjam South, Gold Fields would need to spend a minimum of US$15 million on the property over a 7.5-year term, subscribe to C$500,000 worth of shares in Fjordland and Cariboo Rose through a private placement, and take the project through completion of the feasibility stage.
The WJV is pleased to have Gold Fields as a partner in both the Woodjam North and Woodjam South properties, totaling 56,150 hectares. Fjordland President Tom Schroeter said, “The partnership with one of the world’s largest gold producers now allows for aggressive advancement of the entire Woodjam property, including the very exciting Southeast Zone copper-gold-molybdenum discovery, and pursuing new target development on other Woodjam anomalies. Including a feasibility study on the Woodjam South property is a significant component of this deal as the project will benefit from Gold Fields’ exploration and development expertise in gold-rich porphyry deposits. The WJV is well positioned for future discoveries in this area.”
G. L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Glen Garratt, P.Geo, Director.
Cariboo Rose Resources Ltd.
Contact:
Paul Way, Business Development Manager
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: pway@eastfieldgroup.com
About Cariboo Rose Resources Limited
Cariboo Rose Resources Limited is a Canadian public resource company that trades on the TSX – Venture exchange under the symbol CRB. Cariboo Rose has six gold, copper and molybdenum exploration projects in Western Canada. Cariboo Rose Resources Ltd. (40%) and Fjordland Exploration Inc. (60%) comprise the Woodjam Joint Venture. Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited group of companies, may earn up to a 70% interest in the 40,750-hectare Woodjam North gold-copper property by spending $19 million on exploration over 7 years; a $3 million exploration program is currently in progress. The Woodjam Joint Venture also owns the 13,807 hectare Woodjam South property which adjoins the Woodjam North property. For more information please visit the Company’s website at www.cariboorose.com.
About Gold Fields Limited
Gold Fields is one of the world’s largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces. * Based on the annualized run rate for the first quarter of F2010.
Gold Fields Doubles Drilling Plans at Woodjam North, B.C.
Posted by admin in Corporate Updates, News Releases on March 2nd, 2010
Cariboo Rose Resources and Fjordland Exploration, the Woodjam Joint Venture (’WJV’) 40%/60% partners, have been informed by Gold Fields Horsefly Exploration Corporation (a member of the Gold Fields Limited group of companies (NYSE: GFI)) that it has recently decided to increase its planned winter drilling program, which resumed on February 10, 2010, to 7,000 metres. The 12-month program which began in July, 2009 is budgeted at $3 million.
Gold Fields now plans to drill several additional holes tracing the northeasterly mineralized trend in the Takom Zone, as previously described. The drill will then move onto the Deerhorn Zone and Spellbound Area, as reported earlier.
Tom Schroeter, President of Fjordland commented, ”The WJV is pleased with Gold Fields’ recent decision to significantly expand the winter drilling program. We look forward to receiving results of the drilling program over the next several months and reporting on them in a timely manner.
G. L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Gold Fields Resumes Drilling at Woodjam North, B.C.
Posted by admin in Corporate Updates, Field Work, News Releases on February 10th, 2010
Cariboo Rose Resources and Fjordland Exploration, the Woodjam Joint Venture (’WJV’) 40%/60% partners, are pleased to report that Gold Fields Horsefly Exploration Corporation (a member of the Gold Fields Limited group of companies) has resumed drilling on the 40,750-hectare Woodjam North gold-copper property, located 45 km east of Williams Lake in central British Columbia. This Phase Two, winter 2010 drilling program is a continuation of a budgeted $2.5 million, 12-month program which began in July 2009. Phase One drilling between October and December, 2009 consisted of 14 holes totalling 4,582 m on the Takom (11 holes) and Deerhorn (3 holes) zones (see January 12, 2010 News Release for details).
Gold Fields plans to complete 3,000 to 4,000 m of drilling in approximately 12 holes. At Takom, four holes (~ 1,200 m) are planned to follow up on significant drill intersections obtained over a northeasterly mineralized trend measuring over 500 m in strike. Within this trend hole TK09-001 returned 329.6 m grading 0.24% Cu and 0.27 g/t Au, including 101 m grading 0.43% Cu and 0.58 g/t Au.
At Deerhorn, four holes (~ 1,200 m) are planned to follow up significant drill intersections from four of five holes completed to date on this zone discovered in 2008. Hole WJ08-93 returned 69 m grading 0.22% Cu and 0.5 g/t Au, and DH09-003 returned 173 m grading 0.12% Cu and 0.50 g/t Au, including 89.5 m grading 0.26% Cu and 1.17 g/t Au. The remainder of the proposed drilling (four holes) is planned to test geochemical and magnetic anomalies east of the Megabuck and north of the Southeast zones, respectively — an area referred to as Spellbound.
Preliminary results from a 9,114 line-km low-level, high resolution airborne magnetic survey, an 85 line-km induced polarization survey and a 4,250-sample soil survey have resulted in the identification of several additional targets for future drill testing, including the Corner Lake area, north of the Megabuck and Deerhorn zones.
Tom Schroeter, President of Fjordland commented, “The Phase One program recently completed by Gold Fields has provided additional significant drill assays from the Takom and Deerhorn zones, as well as identifying several new target areas ready for drill testing. We are very pleased to see the resumption of a winter drilling program, demonstrating Gold Fields commitment to the project, as well as the ability to work year-round in this easily-accessible region of BC.”
Gold Fields has an option to earn up to a 70% interest in the Woodjam North Property by spending $19 million in exploration by July 2016 (see July 30, 2009 News Release for details).
G. L. Garratt, P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.
Skygold Changes Name of Company to Spanish Mountain Gold
Posted by admin in Corporate Updates, Financials, News Releases on January 5th, 2010
Skygold Ventures Ltd. will be changing its name to Spanish Mountain Gold Ltd. in January, 2010, and that it has closed the previously announced in Stockwatch $2-million flow-through financing.
Spanish Mountain Gold Ltd.
The company’s board of directors has approved Spanish Mountain Gold Ltd. as the company’s new name. Subject to regulatory approval, the name change will become effective later in January. The Company will issue a further news release prior to the effective date of the name change and provide the new trading symbol.
The name change reflects the future focus of the Company as it transitions from pure exploration to advancing to a development stage of the Spanish Mountain Gold Project in south-central British Columbia.
The main strategic focus of Spanish Mountain Gold Ltd. will be to prepare for the commissioning of a Preliminary Economic Assessment of the Spanish Mountain Project in early 2010. This will be the first step to advance the project to the development stage. Preparatory work will include the completion of processing of HQ diameter drill core samples at G&T Metallurgical Laboratory in Kamloops, BC. Processing of these samples is currently underway to i) ascertain the potential for gold grade enhancement by utilizing larger samples from the larger diameter HQ drill core compared to smaller samples from NQ drill core and, ii) further refinement of metallurgical recoveries (the Company has previously disclosed that grinding and flotation of the mineralized material recovers 88% to 90% gold).
There will also be ongoing exploration of Thunder Ridge which is located approximately 100km south of Spanish Mountain.
Financing
The Company closed a non-brokered private placement on December 30, 2009, pursuant to which it issued 6,100,000 “flow-through” common share units (”FT Units”) at a price of $0.33 per FT Unit for gross proceeds of $2,013,000. Each FT Unit consisted of one common share issued on a flow-through basis and one share purchase warrant (a “Warrant”) of the Company. Each Warrant entitles the holder to purchase one (non-flow-through) common share for a period of three years at a price of $0.33 per share. The Company intends to use the proceeds to fund programs on the Company’s Spanish Mountain Gold Project and Thunder Ridge properties. A cash finders’ fee of 6% was paid to Wellington West Capital Markets Inc. All of the securities issued in connection with the private placement are subject to four month hold periods. The private placement is subject to the final acceptance of the TSX Venture Exchange.
Gold Fields Drilling at Woodjam North, British Columbia
Posted by admin in Corporate Updates, News Releases on November 18th, 2009
Cariboo Rose Resources Ltd. and Fjordland Exploration Inc., Woodjam Joint Venture 40%/60% partners, are pleased to report that Gold Fields Horsefly Exploration Corporation (a member of the Gold Fields Limited group of companies (NYSE: GFI)) commenced drilling on October 10th on the Woodjam North gold-copper property, located 45 kilometres east of Williams Lake in central British Columbia.
To date, approximately 3,300 metres of drilling has been completed on the Takom Zone, following up a 2008 intersection grading 0.34% copper and 0.6 g/t gold over 72 metres, as well as a small portion of the much larger 3-kilometre wide induced polarization anomaly. The planned 6,000-metre diamond drilling program is designed to initially test the extent and depth potential of the existing Takom and Deerhorn gold-copper occurrences. Additional drilling will be designed to test IP, magnetic and geochemical anomalies identified from new data generated from the 2009 surveys.
As of mid-November, Gold Fields has completed the following additional exploration:
- Geological mapping over all areas covered by soil and induced polarization (IP) surveys;
- Approximately 85 line-kilometres of line-cutting and an induced polarization survey, at 100 metre line-spacing, over the Corner Lake grid, which extends northwards from the Megabuck and Deerhorn Zones;
- Approximately 90% of a planned 5,000 line-kilometre airborne magnetic-radiometric survey, on lines spaced 100 metres apart;
- 500 gravity stations on a nominal 250 metre spacing with local more detailed 100 metre nominal spacing over the Takom area;
- Soil sampling survey consisting of 4,250 samples collected over the Takom-Corner Lake grid;
Gold Fields has an option to earn up to a 70% interest in the property by spending $19 million in exploration over the next 7 years (see July 30, 2009 News Release for details). Gold Fields has budgeted approximately $3 million for the first-year work program of the option agreement on the 40,750-hectare property.
About Gold Fields Limited
Gold Fields is one of the world’s largest unhedged producers of gold with attributable production of 3.6 million ounces* per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfields and near mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral Resources of 271 million ounces.
*Based on the annualized run rate for the first quarter of F2010.
About Cariboo Rose Resources Limited
Cariboo Rose Resources Limited is a Canadian public resource company that trades on the TSX – Venture exchange under the symbol CRB. Cariboo Rose has six gold, copper and molybdenum exploration projects in Western Canada. Cariboo Rose Resources Ltd. (40%) and Fjordland Exploration Inc. (60%) comprise the Woodjam Joint Venture. Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited group of companies, may earn up to a 70% interest in the 40,750-hectare Woodjam North gold-copper property by spending $19 million on exploration over 7 years; a $3 million exploration program is currently in progress. The Woodjam Joint Venture also owns the Woodjam South property which adjoins the Woodjam North property. For more information please visit the Company’s website at www.cariboorose.com.
Three New Zones of Pyrite Gold Mineralization Discovered at Bonanza Ledge – New Drill Program Begins
Posted by admin in Corporate Updates, News Releases on November 16th, 2009
International Wayside Gold Mines announced today that it has identified three new zones of replacement style gold mineralization at its Bonanza Ledge gold project and that a new drill program has been initiated. A full drill program is currently being planned to incorporate recent results to delineate the new zones.
Diamond drill hole BC09-14B, part of the 18 hole in-fill program at Bonanza Ledge, hit 20.0 feet of 1.28 g/t replacement style gold mineralization between 471.0 feet and 491.0 feet below surface and underneath the proposed open pit at Bonanza Ledge (summary in table below).
Hole MW09-01 hit two zones of Bonanza Ledge style pyrite replacement mineralization approximately 290 meters southwest from the center of the proposed gold mine in a rock sequence referred to as the Lowhee Unit. The two replacement zones included 1.3 meters (4.4 feet) of 1.86 g/T (0.054 oz/t) gold between 17.6 and 22 feet below surface, and 0.5 meters (1.5 feet) of 2.58 g/T (0.075 oz/t) gold between 90.8 and 92.3 feet below surface (summary in table below). MW09-01 was one of eight water monitoring holes drilled in preparation to open pit mine the Bonanza Ledge gold deposit.
Company President and CEO J. Frank Callaghan stated, “Management and our exploration team are very encouraged with the recent drill results. Hole BC09-12 was our best drill hole to date having an intercept 100 feet longer than any other previous drill hole and the best grades to date. Furthermore, the Company has discovered Bonanza Ledge style mineralization at depth and below the proposed Bonanza Ledge open pit mine, as reported in both BC09-14B and BC09-16. Both of these holes intersected gold mineralization 200 — 300 feet below the original resource depth of approximately 250 feet, opening the exploration potential at depth substantially. On October 7 the Company announced the discovery of Bonanza Ledge style mineralization 2200 meters northwest of the Bonanza Ledge Zone on Cow Mountain and the Company has now discovered the same type of mineralization 290 meters southwest of the proposed Bonanza Ledge open pit mine. An extensive exploration program is currently in planning for the purpose of further extending and defining these new zones.”
The recently completed infill diamond drill program in the Bonanza Ledge Zone will upgrade its existing NI43-101 resource from an inferred to indicated category. Company consultants Mintec Inc. is currently upgrading the resource based on these results.
Happy Creek Expands Zone 2 in 2009 Highland Valley Drill Program
Posted by admin in Corporate Updates, Drill Results, News Releases on November 13th, 2009
Happy Creek Minerals announces the completion of its 2009 drill program on its Rateria property that adjoins Teck Resources Ltd.’s Highland Valley copper mine property and is approximately ten kilometres southeast of the concentrator, in south central British Columbia. The Highland Valley Copper mine is North America’s third largest copper producer.
The 2009 diamond drilling program totaled approximately 2,000 metres in nine holes. The objectives of the program were to test for mineralization in a five kilometre long and 500 metre to one kilometre wide portion of the property in which Zone 2 occurs at the northern end, and test the new “High-Res” target located to the east of Zone 2. Drill core assay results are pending for the drill program.
Three drill holes in Zone 2 have expanded its length from 200 to over 450 metres. Copper minerals are dominantly bornite and chalcocite (copper sulphides). During 2008, the first drilling in Zone 2 returned two higher grade intervals including 27.0 metres containing 1.05 percent copper, 0.02 percent molybdenum, 5.0 g/t (grams per tonne) silver and 0.24 g/t gold, and 17.5 metres containing 1.12 percent copper, 0.01percent molybdenum, 5.46 g/t silver and 0.02 g/t gold. These intervals occur within a mineralized envelope containing 177.0 metres grading 0.37 percent copper and 103 metres grading 0.33 percent copper, respectively. Currently, Highland Valley Copper is profitably mining an average grade of 0.32% copper (SEDAR: TCK third quarter MD&A). Zone 2 remains undefined and open to expansion in several directions. Geophysical and geological information strongly suggests Zone 2 may be over one kilometre in length, with a 500 metre portion that is untested by drilling. Importantly, Zone 2 contains elevated molybdenum, gold and silver credits that occur with the copper values.
Further to the southwest of Zone 2, four widely spaced reconnaissance holes within a three kilometre portion of a large geological corridor contain favorable degrees of fracturing and alteration with minor concentrations of bornite, chalcocite and chalcopyrite copper minerals. During 2008, two drill holes within this corridor returned 114.0 metres grading 0.09% copper and 334 metres grading 0.07% copper, respectively. The 2008 and 2009 drill holes are thought to reflect excellent potential for copper deposits to occur within this corridor and large areas remain untested by drilling.
One drill hole tested the new “High-Res” target approximately two kilometres to the east of Zone 2. Drill core contains bornite and chalcopyrite near the top of the hole, and starting around 75 metres depth, reasonably consistent trace concentration of very fine grained native copper to 200 metres depth and the end of the hole. The High-Res target is overall approximately 1.2 kilometres by 1.6 kilometres in dimension, and the Company considers this first drill hole as positive and reflecting potential for significant copper mineralization in a different geological setting than Zone 2.
Previous drilling results from Zone 1 include 100.0 metres grading 0.29 percent copper, 84.0 metres of 0.30 percent copper, and 10.4 metres grading 1.55 percent copper. Several holes ended in copper mineralization, and this zone also remains undefined and open in extent.
Happy Creek has assembled a 100 percent interest in over 140 square kilometres of mineral claims that are close to North America’s third largest copper producer. The property is largely covered by glacial till from approximately three to over thirty metres in thickness, and the most effective exploration method has been to perform geophysical surveys followed by drilling. Happy Creek has discovered by drilling two new zones containing significant copper and associated molybdenum, silver and gold values that remain open in extent, and identified several other prospective targets. Complete results for the 2009 drill program are expected within six to eight weeks. The Rateria property is now fully permitted for up to 26 drill holes during 2010, and further drilling is planned.
The Company also wishes to announce it has engaged Strike Communications Inc., a Vancouver based investor relations firm. The Company has also granted a total of 650,000 options exercisable at a price of $0.12 per share for a period of five years to directors, officers, employees and consultants to the Company.
Fjordland Extends Warrants
Posted by admin in Corporate Updates, News Releases on November 10th, 2009
Fjordland Exploration announces that, subject to the approval of the TSX Venture Exchange, the Company proposes to extend Warrants previously expiring on November 27, 2009 to expire on November 27, 2011.
Taseko Announces a New 7.7 Million oz Gold and 3.6 Billion lb Copper Reserve at Prosperity
Posted by admin in Corporate Updates, News Releases on November 2nd, 2009
Taseko Mines Limited is pleased to announce a 70% increase in mineral reserves at its 100% owned Prosperity Project, from 487 million tonnes to 830 million tonnes.
The reserve increase will add 3.0 million ounces of recoverable gold and 1.6 billion lbs of recoverable copper to the Prosperity reserve base, bringing total recoverable metal to 7.7 million ounces of gold and 3.6 billion lbs of copper.
This increase in recoverable metal, under present mine design criteria, extends Prosperity’s mine life from 20 years to 33 years.
Reserves were previously based on a $5.25 Net Smelter Return (”NSR”) cut-off using gold and copper prices of $500/oz and $1.50/lb, respectively. Current reserves are based on a $5.50 NSR cut-off using gold and copper prices of $650/oz and $1.65/lb, respectively.
Russell Hallbauer, President and CEO of Taseko commented, “In keeping with our historically conservative approach to reserve calculations, we have modestly adjusted our gold and copper price assumptions to better reflect longer-term metal price expectations. This increase in metal price assumptions will allow us to mine deeper, higher grade mineralization.
Prosperity now has the largest gold/copper reserve base of any mining project in Canada. At present gold and copper prices the projected operating costs per ounce of gold, net of copper credit, will be negative US$330/oz. With the size of this reserve and the longevity of its mine life, Prosperity will be one of the great mines of Canada. The 64% increase in recoverable gold and 80% increase in recoverable copper will allow Prosperity to operate for over 3 decades.
We look forward to the upcoming completion of our Environmental Assessment Review and getting on with building a mine that can benefit so many local, provincial and national stakeholders.”
|
Mineral Reserves @ C$5.50 NSR/t Cut-Off |
|||||||
|
|
Size |
Grade |
Recoverable Metal |
Contained Metal |
|||
|
Au (g/t) |
Cu (%) |
Au (M oz) |
Cu (B lbs) |
Au (M oz) |
Cu (B lbs) |
||
| Proven |
481 |
0.46 |
0.26 |
5.0 |
2.4 |
7.1 |
2.8 |
| Probable |
350 |
0.35 |
0.18 |
2.7 |
1.2 |
3.9 |
1.4 |
| Total |
831 |
0.41 |
0.23 |
7.7 |
3.6 |
11.0 |
4.2 |
Note: Recoveries for Cu and Au are 87% and 69% respectively
Remaining measured and indicated resources are grading 0.40 g/t gold and 0.30% copper containing 2.3 million ounces of gold and 1.2 billion lbs of copper (no recoveries applied).
The mineral resource and reserve estimations were completed by Taseko staff under the supervision of Scott Jones, P.Eng., Vice-President, Engineering and a Qualified Person under National Instrument 43-101. Mr Jones has verified the methods used to determine grade and tonnage in the geological model, reviewed the long range mine plan, and directed the updated economic evaluation. The estimates for the reserves used long term metal prices of US$1.65/lb for copper and US$650/oz for gold and a foreign exchange of C$0.82 per US dollar. Mr Jones has reviewed this release. A technical report will be filed on www.sedar.com.
Cariboo Rose and Astorius Start Drilling at Pat Property
Posted by admin in Corporate Updates, News Releases on October 6th, 2009
Cariboo Rose Resources Ltd. and Astorius Resources Ltd. have begun drilling on the Pat mineral property located approximately 15 kilometres east of Horsefly, in the Cariboo region of central British Columbia.
The Pat project, encompassing 1,330 hectares, covers a prominent magnetic anomaly indicated in government surveys within the prolific Quesnel trough. The magnetic feature at Pat is approximately four kilometres across and is roughly circular. Four to five wide-spaced holes are being planned to explore this target.
The Pat property is bounded to the south and west by the Woodjam North property owned by Cariboo Rose and Fjordland Exploration Inc., which recently became subject to an option agreement with a member of the Gold Fields Ltd. group of companies.
The Pat property is owned by Cariboo Rose and is subject to an option agreement which gives Astorius the right to earn a 60-per-cent interest in it by completing $1.2-million in exploration, paying $150,000 in cash and issuing 200,000 shares to Cariboo Rose before July 9, 2011.
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2012-02-02 09:46
