found some numbers, they gave away 36% away for $4.25m to drill...

found some numbers, they gave away 36% away for $4.25m to drill 45 holes in the Nalesbitan and Mabilo Projects to an associate of a SRM director.

http://hotcopper.com.au/announcementFiles/2013/SRM/21a448a3-e60b-4eb6-b624-ca4d9cb4a810-SRM635287.pdf


Galeo can earn up to a 36% interest in the Projects, down to 200m below surface, by contributing approximately US$4.25m of exploration drilling and management services for the
Projects over the next 2 years.

The “drilling for equity” component of the Agreement represents approximately 9,000m of diamond core drilling. Galeo will also provide management services for the security, community relations and administration functions for the Joint Venture in the 2 year period.