| Millrock Resources Inc. Owner: 100% |
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Titre | Profil de la Compagnie | Tous les projets | Site web de la compagnie | Page projet de la compagnie |
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The target concept was brought to the attention of Millrock by geologist Michael Schaefer of Tucson, Arizona, under a Finder's Fee agreement, and the property was subsequently secured with federal mining claims and state leases. Under the terms of th Plus... |
| Vale Option on interest: 60% |
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Titre | Profil de la Compagnie | Tous les projets | Site web de la compagnie | Page projet de la compagnie |
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VEC has the option to earn a 60% interest in the project through exploration expenditures totaling US$3.5 million and payments totaling US$850,000. The earn-in agreement is in its second year, and VEC has expended approximately US$1.5 million on the property to date. VEC may earn an additional 10% interest, for a total of 70%, by funding a feasibility study |