Properties: Andy Lake

Property Description

The Company signed an agreement for an option to acquire 50% of the property by issuing 750,000 common shares on the agreement date. These common shares are accounted in common shares to be issued at October 31, 2007. The Company must contribute to 50% for the acquisition cost of the property. Furthermore, the company must contribute to 50% of the exploration and development costs for a total amount of $300,000 over the next three years.  At October 31, 2007, $14,063 of acquisition cost the property and $328,955 exploration work were incurred. This property is located in the upper Laurentians region in Quebec and consists of 10 units covering 587 hectares.

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