The McKenzie Grey property, covering a total of 1,143.2 acres, is located near the historic (1890’s) gold camp of Mine Centre.
Q-Gold recently announced the results of its 2010 drilling program on the McKenzie Grey property, according to the company.
First Star said that it will pay $25,000 to Q-Gold and alongwith payments totaling $800,000 and incur expenditures of $3,150,000 over a four-year period.
The property is subject to prior net smelter return royalties of 2.5% to 3%.
