22 May 2012farm in farm out agreement● NeutralMajor
On April 20, 2012 the company signed a letter agreement with Endurance Gold and Endurance Resources for an option to acquire a 60% joint venture interest in 14 Alaska claims (about 2,218 acres) in the Livengood area. It must spend at least $600,000 on the claims before December 31, 2014 ($150,000 in 2012) and pay Endurance $85,000 in installments; a formal option agreement is expected by June 30, 2012.