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    Canadian International Minerals to Option Properties to North Arrow

    Charlotte McLeod
    Sep. 23, 2014 11:30AM PST
    Diamond Investing

    Canadian International Minerals Inc. (TSXV:CIN) announced that it has signed a letter of agreement with North Arrow Minerals Inc. (TSXV:NAR).

    Canadian International Minerals Inc. (TSXV:CIN) announced that it has signed a letter of agreement with North Arrow Minerals Inc. (TSXV:NAR). It forms the basis of an agreement that will allow North Arrow to earn a 70-percent interest in Canadian International’s Pikoo Extension A and B properties.

    As quoted in the press release:

    The Properties

    The Pikoo Extension A and B properties are comprised of 5 claims totalling 3,447 hectares.  The A group directly adjoins North Arrow’s Pikoo property, and the B group lies approximately 7 km northeast of North Arrow’s northern boundary.  The Properties are 100% owned by CIN, with no underlying royalties.  A map of the properties can be found on the Company’s website.

    The Option

    Under the terms of the LOA, North Arrow may earn a 70% interest in the Properties by:

    • Reimbursing claim staking costs; and
    • Funding exploration and evaluation of the Properties to a Discovery (as defined below) on any of the Properties within a three year period (the ‘Option Period’).

    Click here to read the full Canadian International Minerals Inc. (TSXV:CIN) press release.

    canadian international minerals inctsxv:cintsxv:nar
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