Post by Franko10 ™ on Apr 18, 2006 21:06:13 GMT -5
On September 18, 2003 the Company entered into an agreement with Casavant Mining Kimberlite International (U-CMKM) whereby the Company will have an option to earn a 10% interest in 82 claims in the Fort a la Corne area of Saskatchewan. The interest will be earned by the Company advancing $150,000 by December 31, 2003 (paid) and an additional $150,000 by December 31, 2004 (paid) to be spent on exploring the claims for diamonds. In addition, the Company has agreed to grant CMKM a right of first refusal to earn up to a 49% interest in any diamond properties the Company may hold and seek to joint venture. CMKM has sold their interest in these claims to Entourage Mining Inc. and the project now consists of 32 claims.
To January 31, 2006 the Company had incurred exploration costs totaling $128,689.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.