Planet Exploration Inc.
Trading Symbol- PXI.V
Planet Exploration Inc. is an emerging international minerals exploration company with strategic properties in two of the world's most prolific gold regions: Red Lake, Canada and South Gobi, Mongolia.
Goldcorp can earn an initial 50-per-cent interest in the Red Lake property through a combination of cash payments and exploration on the property in the total amount of $2.55-million over a three-year period. Goldcorp will have the right to acquire an additional 10-per-cent interest in the property by making an additional cash payment to Planet of $600,000.
High grade gold intersections on Planet Exploration’s Red Lake gold discovery suggest excellent potential for discovering an economically viable deposit. Located in the world’s high grade gold capital, the prolific Red Lake District of Ontario, Canada, Planet Exploration’s property comprises 18 contiguous blocks, of 268 units, covering 4288 hectares.
The South Gobi Region of Mongolia is fast becoming one of the most exciting places on earth to search for gold. In relation to its enormous potential for world class gold/copper porphyry systems the region remains one of the most unexplored areas in the world.