From SEDAR MWR MD&A August 28, 2012 Report
The Company had been funding Mr. Jorge Lopehandia who purports to hold title to some mining claims in Chile, with the expectation that the Company may eventually enter into an agreement to acquire an interest in the property.
…
Lopehandia is currently disputing ownership of the property with Barrick Gold Corporation as the latter claims to own the Pascua Lama deposit and thus, the Mina Pascua deposit. The outcome of the dispute and accordingly the ability of the Optionor (JL) to convey the property rights to the Company are not determinable at this time.
…
The Property includes the restituted Amarillo North and Amarillo South mining claims which, according to the Optioner, cover a portion of the Chilean portion of the mining deposit commonly called the Pascua Lama deposit, which lies in both Chile and Argentina (that Chilean portion of Pascua Lama is called “Mina Pascua”). Barrick Gold Corp. claims to own the Pascua Lama deposit and thus the Mina Pascua deposit.
Question: Does this sound ‘clear and definite’ at this time? … …your decision…
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