MDS midas resources limited

They have been very quiet about their Alaskan gold project 30...

  1. 333 Posts.
    They have been very quiet about their Alaskan gold project 30 Oct 2006

    Alaska - Uncle Sam Drill Programme – (Midas earning 75%)
    Uncle Sam is a joint venture between wholly owned subsidiaries of Midas Resources Limited
    (ASX:MDS) and Geoinformatics Exploration Inc (“GEX”) (CDNX:GXL.V). Midas has the right to
    earn up to a 75% interest subject to GEX’s right to contribute after Midas earns a 51% interest.
    Kennecott retains a 2%NSR but may exercise a back-in right under certain conditions. There are no
    state royalties applicable.
 
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