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Wednesday, February 03, 2016 9:44:44 AM
"By Option Agreement, AURYN Mining Chile SpA can earn 60% of the NUOCO Company shares by completing a minimum of 5,000 meters of diamond drilling as well as conducting geophysical and geochemistry work matters. AURYN, upon signing the Option Agreement, immediately engaged the firm of Geodatas Chile, by contract, to commence an airborne magnetometry survey and ground I.P. study of the NUOCO property and abutting Altos de Lipangue claims.
Should AURYN continue to the secondary leg of the Option Agreement they will invest a minimum of U.S. $2.5 million dollars to conduct a full feasibility study in order to earn an additional 25% of the NUOCO Company shares. By completing these requirements AURYN would then earn in 85% of the shares of the NUOCO Company. "
“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken
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