The Whistler Project An Emerging Gold District The Whistler Project ...

The Whistler Project An Emerging Gold District The Whistler Project ... The Whistler Project An Emerging Gold District The Whistler Project ...

kiskametals.com
from kiskametals.com More from this publisher
12.07.2015 Views

Whistler – Property History‣ 1986-1989: Cominco discovered Whistler Zone andIsland Mountain targets; 16 short holes at Whistler Zone.‣ 2002-2006: Kennecott (KEX/Rio Tinto) optionedproperty; completed mapping, sampling, geophysics anddrilled 15 holes at Whistler Zone and 20 on other targets.‣ 2007-2008: Geoinformatics acquired property viaalliance with Kennecott. Drilled 12 holes at WhistlerZone and 5 holes on peripheral targets.‣ 2008: Geoinformatics calculated first mineral resourceon Whistler Zone.6

Whistler – Clarification of Ownership - June 2009‣ KEX retains one-time Back-In-Right upon completion of‘trigger’ exploration program (est. mid-2010). Trigger Program: 341 line km of IP and 7000m of drilling.‣ IF KEX backs in – must repay double GXL/Kiska’sproject expenditures (est. US$20M) and fund throughpre-feasibility to earn 51% interest. KEX has option to increase to 60% interest by advancing todevelopment decision.‣ IF KEX doesn’t back in – retains 2% NSR.7

<strong>Whistler</strong> – Clarification of Ownership - June 2009‣ KEX retains one-time Back-In-Right upon completion of‘trigger’ exploration program (est. mid-2010). Trigger Program: 341 line km of IP and 7000m of drilling.‣ IF KEX backs in – must repay double GXL/Kiska’sproject expenditures (est. US$20M) and fund throughpre-feasibility to earn 51% interest. KEX has option to increase to 60% interest by advancing todevelopment decision.‣ IF KEX doesn’t back in – retains 2% NSR.7

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!