The company is prepared and capitalised to expand on the designed programme if it is deemed warranted.
The property is located approximately 75km SSW of Timmins, Ontario, approximately 4km from the western edge of Trelawney Mining and Exploration’s Chester Gold Complex.
The TSX Venture Exchange has accepted for expedited filing documentation of the option agreement dated 19 November 2010, between the company and Newcastle Minerals, whereby the Company may acquire up to a 75% interest in the Mollie River claims.
The consideration payable to earn a 60%/75% interest in the property is $15,000 cash, 1 million /1.75 million common shares of the company and an exploration commitment of $0.5m/$1m.
