Saturday, October 02, 2010 8:41:25 PM
Atlas Mining Company's Exploration Partner Signs Exploration Agreement
Posted on: Thursday, 18 January 2007, 09:00 CST OSBURN, Idaho, Jan. 18, 2007 (PRIME NEWSWIRE) -- Atlas Mining Company (OTCBB:ALMI), announced today that its 50% joint venture partner, KAT Exploration, Inc., has entered into an Option Agreement with Celtic Minerals, LTD, an Alberta based company. Under the agreement, Celtic has the right to acquire 75% of the jointly held Colliers property on an earn-in basis. Celtic intends to immediately start a drilling program.
http://www.redorbit.com/news/entertainment/806088/atlas_mining_companys_exploration_partner_signs_exploration_agreement/index.html
It is my understanding that this joint venture deal did not go thru and you will note that KATX now owns the Collier Property alone.
Atlas Mining was a separate entity and the fact that there was a possible Joint Venture in the past (in 2007) does not throw any suspicion or guilt upon KATX. I see no reason to associate the CEO (Jacobsen)of Atlas with KATX more than the fact that he was head of a possible joint venture partnership that failed before it ever got off the ground.
Anyone who in business in good faith tries to do business with a crook before it is known that he is a crook, is not guilty of anything. I am glad that the joint venture did not succeed. So we could remain clear of any fallout from Atlas and their CEO.
PARDON ME SIR, BUT I THINK YOUR GOLD HAS ARRIVED!
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