Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Canadian gold, along with Hudbay minerals with Hudbay minerals, the former company entered a selection agreement to complete the Tartan Mine, Manitoba, Canada in Canada.
This option plans to revive the tartan mine by adding high-level gold sources in Canada gold.
With the terms of the selection agreement, Canada gold must share special cash, sharing and work commitments within five years to fully use the option.
Earnings will be made in the initial payment of 185,185 shares without any associated cash pay or work commitment.
555.555 A work commitment on the initial field work program, which is worth 100,000 (71.5455.5.5.5.5.5.5.5.5.5.5.5.5.5.5.5) related to the stock and primary field work program.
On the second anniversary, the agreement does not provide cash, but requires a more advanced field work program with 1.11 million shares and $ 250,000 obligation.
The third anniversary requires $ 150,000, 1.29 million shares for the initial drilling program, and C $ 800,000 requires payment to pay.
For the fourth anniversary, the terms include a $ 1.5 million job commitment, which is a work commitment for 325,000, 325 thousand dollars, 3.14 million shares and average drilling programs.
Finally, on the fifth anniversary, the conditions of the Culminate, which is a work commitment for a third drilling program, which is $ 3,300,000, 3.7 million shares with a budget and a budget, payment of 1.7 m full payment and
After doing so, the company will provide 100% percent in the west of Tartan, and Hudbay will return to the property by 2.5% net smelter.
Some share payments provided for in the agreement can also be made in cash in the form of TSX Venture.
Kenadan Gold CFA, President and CEO Director-General Michael Swistun said: “We believe that the addition of this property will significantly increase the width and scale of intelligence opportunities.
“Over time, we believe that additional high-end resources that can participate in this property can already provide important operating synergy to increase the economy to restart the tartan culture.”
The selection agreement offers the intelligence potential of the Tartan Shear Zone, which can double in size from 8 km to 16 km.
Historical drilling, high-level gold results gave high-level gold results, more than 2.5 millionth and 595.2 and 595.2g / t, more than 44.2 grams (G / T).
A single process in the Tartan Mining can serve a very ore source along the Tartan Shear region, reduces capital expenditures for an ounce in case of production again.
