Golkor Inc (GKOR)

[ID Supermoney]

I have one question

This statement here

"$51,200.00 to be expended on this license by 2011/01/06"

Do all these claimsites have to have money spent on them by this time???


ID


Mineral Rights Inquiry Report
Tuesday, January 26, 2010

Last Updated: 2010/01/06
Licence Number: 017005M
File Number: 775:0721
Original Holder: Vale Exploration Canada Inc.
Licence Holder: Vale Exploration Canada Inc.
Address: Highway 17 West
Copper Cliff, ON
Canada, P0M 1N0
Licence Status: Issued
Location: Plate Cove,Eastern Nfld
Electoral Dist.: 26 Bonavista South
Recorded Date: 2009/12/07
Issuance Date: 2010/01/06
Renewal Date: 2015/01/06
Report Due Date: 2011/03/07
Org. No. Claims: 256.0000
Cur. No. Claims: 256.0000
Recording Fee: $2,560.00
Receipt(s):
56793160 (2009/12/07) $2,560.00
Deposit Amount: $12,800.00
Deposit:
56793160 (2009/12/07) $12,800.00
Map Sheet No(s): 02C/06 02C/05 02C/11 02C/12

Comments:

Mapped Claim Description:
Beginning at the Northeast corner of the herein described parcel of land, and said corner having UTM coordinates of 5 378 500 N, 327 500 E; of Zone 22; thence South 5,500 metres, thence West 4,500 metres, thence North 500 metres, thence West 8,500 metres, thence North 1,500 metres, thence East 1,000 metres, thence North 1,500 metres, thence West 500 metres, thence North 1,000 metres, thence East 500 metres, thence North 500 metres, thence East 500 metres, thence North 500 metres, thence East 11,500 metres to the point of beginning. All bearings are referred to the UTM grid, Zone 22. NAD27.

Land Claims (effective 2005/12/01):
LISA: 0.00% LIL: 0.00% VBP: 0.00% Crown: 100.00%

Extensions: None

Work Reports: None

$51,200.00 to be expended on this license by 2011/01/06

Licence Transfers: None

Partial Surrenders: None

This Licence replaces Licence Number(s): None

This Licence is replaced by Licence Number(s): None

Work Report Descriptions: None

Detailed breakdown of projected required expenditure:
Actual Year Actual Expenditure Work Year Excess Expenditure Claims
1 $0.00
1 -$51,200.00 256.0000

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