The Conversation (0)
Midland Exploration Options Samson Discovery Near Balmoral’s Grasset
Sep. 08, 2014 10:29AM PST
Base Metals Investing Midland Exploration Inc. (TSXV:MD) has optioned its Samspon property in Quebec’s Abitibi region to Donner Metals (TSXV:DON) The property is located roughly 5 kilometers south of Balmoral Resources’ (TSX:BAR) nickel-copper-PGM and gold discoveries at its Grasset project.
Midland Exploration Inc. (TSXV:MD) has optioned its Samspon property in Quebec’s Abitibi region to Donner Metals (TSXV:DON) The property is located roughly 5 kilometers south of Balmoral Resources’ (TSX:BAR) nickel-copper-PGM and gold discoveries at its Grasset project.
As quoted in the press release:
Under the terms of this new agreement, Donner may earn 50% of Midland’s interest over a period of four (4) years, by fulfilling the following conditions:
- Cash payments totalling $275,000, including a $40,000 payment upon signing the agreement;
- Exploration expenditures totalling $3,500,000, including a firm commitment of $350,000 during the first year. Midland will be project operator during the option period.
Click here to read the Midland Exploration Inc. (TSXV:MD) press release