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Re: remfire post# 11234

Thursday, 08/20/2009 11:15:38 AM

Thursday, August 20, 2009 11:15:38 AM

Post# of 167655
Actually Rem it is Castle Peak that owns the mining rights and would grant HMIT the ability to mine the properties for a 50/50 split. Basically Castle Peak paid for the rights and HMIT pays for the equipment and mining costs with revenue split 50/50.

The operation, based on the equipment Klok "said" he has, would be placer mining of alluvial deposits. Klok does not have the equipment required for the exploration and mining of hard rock deposits.
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