GLLK NOW READ THIS FROM MARCH 2ND, 2017!!! HUGE! IF U HAVE ANY DOUBTS ABOUT THIS COMPANY BEING THE REAL DEAL YOU NOW REALIZE THAT GLLK IS A REAL DEAL COMPANY MAKING MOVES IN THE MINING INDUSTRY!!!!!!!![b/]
On August 8, 2016, we entered into a Contracting Agreement with Canadian Exploration Services Limited, a Canadian corporation (“CXS”), for contracting services in furtherance of our planned exploration program on the Big Monty Claims. Pursuant to the agreement, CXS will provide supervisory and logistical support in the completion of our mineral exploration program. Specifically, CSX will (1) review existing data, including reports supplied by the Company, assessment work filed in the resident geologist’s office, and government generated reports and maps, (2) obtain raw geophysical data for the airborne Mag survey for re-interpretation and re-processing, (3) check the access to the property and assess the costs of upgrading old roads and trails to the western core of the claim group, (4) compile all data into a digital property database, (5) conduct a non-permitted preliminary field program, which will involve checking areas of interest, general mapping, possible manual stripping and cleaning of old trenches and pits, and preparing progress reports and work permits, and (6) conduct an advanced field program (upon receipt of a work permit), which will involve possible backhoe stripping, line cutting, mapping and ground geophysics, diamond drilling of 10 holes (3,000 meters), drill core, assaying and assessment reports. CSX’s total estimated cost of the exploration work to be performed under the Agreement is $514,650CAD, which is equal to approximately $395,000USD. The term of the agreement will extend until the planned work is completed, which is estimated to be on or around August 31, 2017.
On August 23, 2016, the Ontario Ministry of Northern Development and Mines (“MNDM”) acknowledged its receipt of our exploration plan for the Big Monty Claims. MNDM’s acknowledgment letter indicates that our exploration plan was sent to two local Aboriginal communities for review and comment, as required by the notice and consultation provisions of the Ontario Mining Act (discussed in further detail below). The acknowledgment letter states that we could commence exploration activities pursuant to our exploration plan beginning on September 21, 2016, and that the plan will be effective for a period of two years thereafter. On August 24, 2016, MNDM also acknowledged its receipt of our exploration permit application for the Big Monty Claims. MNDM’s acknowledgment letter indicates that our permit application was sent to the same to local Aboriginal communities for review and comment, and that MNDM posted a proposal for the exploration permit on Ontario’s Environmental Registry, where it was available for public review and comment for a period of 30 days. On October 13, 2016, we received an exploration permit (PR-16-10942) from MNDM. The exploration permit is subject to the requirements of the Ontario Mining Act and all applicable Provincial Standards for early exploration. The permit is effective for a period of three (3) years, with options to renew, and will allow us to begin work on Phase Two of our planned exploration program. The permit is specific to our Big Monty Property, including mining claim numbers 4282127, 4282128, 4282129, 4282130, 4282131, 4282132, 4282133, 4282134 and 4282161.
We intend to use the funds from the Purchase Agreement to conduct the exploration work on the Big Monty Claims. We plan to begin exploration pursuant to our exploration plan in or around March 2017.
