Property Status
The Forsan property consists in 50 contiguous claims for a total property surface area of 800 hectares. As of October 2007, Golden Share holds an option to acquire a 100% interest over 3 years by paying the Vendor a total of $125,000; issuing 1,200,000 shares and incurring a total of $500,000 in exploration expenditures. An additional 800,000 shares can be issued at any time in the event that measured and indicated resources representing a metal content of 500,000 ounces of gold or more can be defined; a first tranche of 400,000 shares would be issued when a first threshold of 250,000 ounces of gold is achieved.
Laurence Huss, P.Geo., Vice-president Exploration of Golden Share Mining Corporation and Qualified Person for Golden Share, has reviewed and approved the content of Forsan informations.
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