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14. Subsequent Event
9 Months Ended
Sep. 30, 2015
Notes  
14. Subsequent Event

14.  Subsequent Event

 

On October 9, 2015 the Company entered into an Option to Purchase agreement giving it the right to acquire Marathon Gold Corporations 52% of the Golden Chest mine to give the Company 100% ownership of GCJV. The agreement calls for the Company to make a $10,000 payment which has been done, followed by a $90,000 payment by November 30, 2015 and an additional payment of $100,000 within 6 months. The Company’s current joint venture partner Marathon Gold Corporation would retain a 2% royalty.