update on hansen theory, page-6

Hi Lindo,


If we combine your post and mine with the information on US Mining Law and Mineral Rights and Surface Rights we piece together what the Taylor/Hansen picture could look like. JMHO but I think there may be one correction to your post on the percentage ownership of Hansen by Energy Metals Corporation & NZ Uranium LLC. Please see below.


Cheers,

Brantley

Your Comment:

So yes, BLR has made a claim on the Hansen deposits. But some of you are wondering how can that be so if someone else (Energy Metals Corporation 65% & NZ Uranium 35%) already own this land. This brings us to the other key phrase.

From my research (See Chain Of Ownership below) Energy Metals Corporation & NZ Uranium LLC hold or held 49% of Hansen and South T-Bar Ranch LLC, a property developer, owns the surface rights and the remaining 51% of the mineral rights covering the property per Quincy Energy Corp · DEF 14A · For 6/27/06.

NZ Uranium LLC on March 18, 2005 entered into an agreement with QUINCY ENERGY CORP. in which QUINCY ENERGY CORP. could earn up to a 65% interest in three separate uranium properties, namely the Hosta Butte and McKinley properties in New Mexico and the Hansen (Tallahassee Creek) property in Colorado.

http://www.secinfo.com/d1Ze2u.v1nz.htm#4tx5

Hansen Property – Location and Access per Quincy Energy Corp · DEF 14A · For 6/27/06

The Hansen Property is comprised of 2,560 acres of fee-simple lands of which NZ Uranium, LLC maintains a 49% interest. These lands cover four sections: Sections 21, 22, 27 and 28 of Township 17 S, Range 73 W, 6th P. Meridian, Fremont County, Colorado. South T-Bar Ranch LLC, a property developer, owns the surface rights and the remaining 51% of the mineral rights covering the property.

Chain of Ownership based on my research and Not Official.

In 1978, Cyprus sold a 49% in the property to Wyoming Mineral Corp leaving them with 51% ( The 51% was subsequently transferred to South T-Bar Ranch LLC, See below ).

1979 Amoco (Standard Oil Co. of Indiana) had acquired Cyprus and the new company soon decided to abandon the Hansen project, which had a price tag of $225 million.

In 1996 New Mexico and Arizona Land Company, the parent company of NZ Uranium LLC bought Wyoming Mineral Corp.’s interest in the Hansen Property and that interest was subsequently transferred to NZ Uranium LLC.

Sometime after October 1998 South T-Bar Ranch LLC acquired Amoco (Standard Oil Co. of Indiana) / CYPRUS MINES CORPORATION’S 51% interest of the Hansen Property.



Hansen Property – Location and Access per Quincy Energy Corp · DEF 14A · For 6/27/06

The Hansen Property is comprised of 2,560 acres of fee-simple lands of which NZ Uranium, LLC maintains a 49% interest. These lands cover four sections: Sections 21, 22, 27 and 28 of Township 17 S, Range 73 W, 6th P. Meridian, Fremont County, Colorado. South T-Bar Ranch LLC, a property developer, owns the surface rights and the remaining 51% of the mineral rights covering the property.

NZ Uranium LLC on March 18, 2005 entered into an agreement with QUINCY ENERGY CORP. in which QUINCY ENERGY CORP. could earn up to a 65% interest in three separate uranium properties, namely the Hosta Butte and McKinley properties in New Mexico and the Hansen (Tallahassee Creek) property in Colorado.

On March 9, 2006 Energy Metals and Quincy executed an Agreement and Plan of Merger whereby Quincy will become a wholly owned subsidiary of Energy Metals. On Jul 11, 2006 Energy Metals Corporation Completes Business Combination with Quincy Energy Corp..

And now based on the 11/05/2007 filings with Fremont County Recorder BLR has acquired an interest in the Hansen Uranium Deposit property. The question is:

Have they acquired 100% of the Mineral Rights; or

Have they acquired the 49% held by Energy Metals and NZ Uranium LLC; or

Have they acquired the 51% of the Mineral Rights held by South T-Bar Ranch LLC. (South T-Bar Ranch LLC holds 100% of the Surface Rights.)

Again we need to wait and see what BLR announces to the Market to know for certain.

FYI…Information on “Mineral Rights” in the US.

"What are “Mineral Rights?”

A mineral right is a right to extract a mineral from the earth or to receive payment, in the form of royalty, for the extraction of minerals. “Mineral” may have different meanings depending on the context, and there is no universal definition. However, “mineral” generally includes:

• Fossil fuels – oil, natural gas, coal…

• Metals and metal-bearing ores – such as gold, copper, iron…

• Non-metallic minerals and mineable rock products - such as limestone, gypsum, building stones and salt…

• May also include sand and gravel, peat, marl, etc…