A little night time reading ....
Here are a few excerpts of the SLW 43-101 2009 Pascua Lama report
that caught my eye …
-SRK has not independently verified the legal status or ownership of the mineral rights in the
Project area or underlying property agreements, but has relied on legal opinion supplied to Silver
Wheaton for this information.
SRK has not independently verified the surface rights, road access and permits and has relied on
legal opinion supplied to Silver Wheaton for this information.
-Barrick, through its wholly owned subsidiary CMN, owns the surface property and the legal
concessions for mineral exploration and exploitation of the Project in Chile. The mineral
concessions have not been independently reviewed and verified by SRK. SRK have relied upon
legal opinion supplied to Silver Wheaton for this information.
-In Chile, mining rights are dominant to the surface estate. The Mining Code provides the mining
concession owner with broad rights to establish easements for stockpiles, waste dumps, tailings,
process facilities, power lines, roads, pipelines, etc., subject to the payment of reasonable
compensation to the surface owner.
-CMN owns all the surface property in and around the Project. This property was purchased for
locating mine facilities and to purchase water rights.
A timeline of historical events for the Project are as follows:
- Discovered in 1977 by St. Joe and CMSA;
-1982 Joint Venture between CMSA, Anglo American and Compañia Minera Mantos
Blancos;
- 1984 Anglo withdrew from the Joint Venture;
- 1987 Bond Gold International acquires St. Joe;
- 1989 LAC acquired Bond and its holdings in Chile and Argentina;
- 1994 Barrick acquires LAC;
- March 2009 Updated Feasibility Study completed; and
- May 7, 2009 Barrick announces Protocol Tax Agreement between Argentina and Chile
and subsequent Board approval to commence development of the Project.
What will next bullets say
- February 2012 SEC, OSC and NYSE announce Jorge R. Lopehandia Cortes as "Owner of Pascua" all consessions all mining rights
- Mr Lopehandia has announced that it has completed it's JV with Mountain-West Resources Inc, Vancouver Canada
goldpanner
AI
