Mineral Properties. Bolañitos Mines Project El Cubo Mines Project Guanaceví Mines Project Terronera Project Exhibit 7(o)(i)
Mineral Properties. (i) The Mineral Properties are held by Grandview under valid, subsisting and enforceable documents or recognized and enforceable agreements or instruments that are sufficient to permit the Purchaser to conduct exploration, development and exploitation activities thereon, subject to applicable permitting requirements;
Mineral Properties. Schedule 4.16.1 sets forth a true, correct, and complete list of all patented and unpatented mining claims and real estate interests and the land associated therewith (the “Mineral Properties”) held by the Company or any of its Subsidiaries and identifies which entity holds each such mining claim or real estate interest.
Mineral Properties. Section 4.16.1 of the Company Disclosure Schedule sets forth a true, correct, and complete list of all patented mining claims (“Patented Claims”), unpatented mining claims (“Unpatented Claims”), unpatented millsites (“Millsites”) and tunnel sites (“Tunnel Sites;” together with the Patented Claims, the Unpatented Claims and the Millsites, collectively, the “Mineral Properties”) held by the Company or any of its Subsidiaries and identifies which entity holds each such claim or site.
Mineral Properties. Except as disclosed in the Company Disclosure Letter,
Mineral Properties. The Company holds mineral properties in the Western U.S. and in Saskatchewan as follows: MINERAL PROPERTIES CLAIMS APPROX. ACRES COLORADO PLATEAU (1) 1,132 40,625 WYOMING 152 4,147 ARIZONA STRIP 170 3,400 OTHER U.S. 18 360 CANADA (2) 23 33,504 TOTAL -- MINERAL PROPERTIES 1,495 82,036
Mineral Properties. The Company is in the process of exploring its mineral properties and has not yet determined whether these properties contain mineral resources that are economically recoverable. Mineral exploration and development costs are capitalized on an individual prospect basis until such time as an economic ore body is defined or the prospect is abandoned. Costs for a producing prospect are amortized on a unit-of-production method based on the estimated life of the ore reserves, while costs for the prospects abandoned are written off. The recoverability of the amounts capitalized for the undeveloped mineral properties is dependent upon the determination of economically recoverable ore reserves, confirmation of the Company's interest in the underlying mineral claims, the ability to farm out its resource properties, the ability to obtain the necessary financing to complete their development and future profitable production or proceeds from the disposition thereof. Title to mineral properties involves certain inherent risks due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the frequently ambiguous conveyance history characteristic of many mineral properties. The Company has investigated title to all of its mineral properties and, to the best of its knowledge, title to all of its properties are in good standing. The Company does not accrue the estimated costs of maintaining its mineral interest in good standing.
Mineral Properties. New Gold and its Subsidiaries own those interests, rights and obligations with respect to material mineral properties and other material assets as are in all material respects described in New Gold’s Annual Information Form for the year ended December 31, 2010 and as otherwise publicly disclosed by New Gold. With respect to any material mineral properties which New Gold or any of its Subsidiaries owns or controls or in which it has an interest, except as publicly disclosed by New Gold: (i) New Gold and its Subsidiaries hold title to all such properties and interests free and clear of any material Encumbrance, royalty or other right, (ii) there is no action, suit, order, work order or other similar proceeding of which process initiating the same has been served on New Gold or any of New Gold’s material Subsidiary or that is currently pending before or by any Government Entity which could have a Material Adverse Effect on New Gold, and (iii) neither New Gold nor its material Subsidiary has received any notice of breach of any applicable Law in respect of its conduct or New Gold’s material mineral properties which could have a Material Adverse Effect on New Gold.
Mineral Properties. The Company entered into an Agreement dated April 11, 2004 to acquire a 100% interest in two mineral claims located near Pemberton, British Columbia, Canada, in consideration for a cash payment of $7,500. The claims are subject to a 2.5% net smelter returns royalty and a 7.5% gross rock royalty. Advance royalty payments of $25,000 are due each year commencing April 17, 2007.
Mineral Properties. (i) The disclosure made in SFGC’s SEC Documents concerning SFGC’s Mineral Properties is complete and accurate in all material respects, except as is set forth in those NI 43-101 reports being prepared under the direction and control of Canarc;
