According to DEG's ASX Announcement 18 October 2017 on Bonanza Gold Target Secured Blue Moon Prospect, key aspects of the Option Agreement over P47/1773 are
* De Grey to pay $125,000 cash and 600,000 De Grey shares on signing.
* De Grey to fund exploration at De Grey’s discretion during the 2 year Option Period
* De Grey may elect to acquire 70% of the mineral rights of the tenement below 6m depth on payment of $500,000 cash.
* Vendor retains all the mineral rights to a depth of 6 metres.
So, any gold found between surface and above 6m depth is nothing to do with DEG.
According to DEG's ASX Announcement 18 October 2017 on Bonanza...
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$1.20 |
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0.015(1.27%) |
Mkt cap ! $2.864B | |||
| Open | High | Low | Value | Volume |
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