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Silver Quest Resources Ltd. (CVE:SQI) enters into an option agreement with a private company to acquire a 100% interest in 100 quartz mineral claims located in the central Yukon.
Silver Quest Resources Ltd. (TSXV:SQI) enters into an option agreement with a private company to acquire a 100% interest in 100 quartz mineral claims located in the central Yukon.
The press release is quoted as saying:
Under the terms of the agreement, the Company can acquire a 100% working interest in the Property by making aggregate cash payments of $100,000 and issuing an aggregate of 600,000 common shares to the Vendors over a three year period and incurring $800,000 of exploration expenditures over a two year period.
Click here to access the entire press release