Initial agreement with Barrick gold on 28th Feb 2011 was for a 51% stake so that CIO could manage the project. This would increase to 70% if CIO spent A$450,000 within 24 months of signing the agreement. I will research to see if this was fulfilled. Situation is clouded by multiple owners since. Whatever the outcome we have 30 or 49 percent stake in a rather interesting resource only 5 km from the plant.
Ann: GUL: Drill 1.6m at 124.4g/t, page-7
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