THE PROJECT CAN NOW SWITCH TO OVERDRIVE BUT 3 MONTHS OF PRIME EXPLORATION TIME WAS WASTED BY THE EXCHANGE MANDATED SHUTDOWN. I MUST FIND OUT WHAT THE PERCENTAGE VOTE WAS AS I WAS IN PHYSIO AND DIDN'T GET TO THE MEETING.
NOW EVERYONE HAS TO OPERATE IN THE COLD AND THE DARK. THE 700 METER WIDE DOME AREA IS BEING TRENCHED EVERY 25 METERS AND 16 BAGS OF SAMPLES FROM TRENCH 2 HAVE BEEN COLLECTED FOR ANALYSIS.
11.5 HOUR SHIFTS ( DARK TO DARK) ARE NOW BEING WORKED BY THE CREW BUT WINTER IS COMING AND IT HIT "0 " DEGREES AT WHISTLER LAST NIGHT.......LOOKS LIKE THE OLYMPICS WILL SOON HAVE SNOW... THE MINES ARE,HOWEVER, GETTING CLOSER...................................................! GOT YOUR MILLION???
EXCHANGE RELEASE AT 16:00 HOURS
The TSX Venture Exchange has accepted for filing documentation in connection with an option agreement dated July 20, 2009, between Altair Ventures Inc. and Consolidated Spire Ventures Ltd. whereby Altair has been granted an option to earn up to 90 per cent of Consolidated Spire's 100-per-cent interest in the Prospect Valley gold property that is located in Spences Bridge gold belt, British Columbia. To earn a 70-per-cent interest, the total consideration payable is $150,000 payable by 2010, seven million shares in tranches over a four-year period and $6-million in exploration expenditures over a five-year period. Upon the completion of the noted expenditures, Altair will have an option to acquire an additional 20-per-cent interest by completing and delivering a bankable feasibility study and making such additional cash and share payments in such amounts as may be negotiated subject to further exchange review and acceptance.
SPIRES RELEASE...LATER
2009-10-08 17:16 ET - News Release
Mr. Brian Buchanan reports
No: 09-16 TSX-V SYMBOL: CZS CONS. SPIRE VENTURES GRANTED FINAL APPROVAL FOR THE OPTION AGREEMENT WITH ALTAIR VENTURES INCORPORATED ON THE PROSPECT VALLEY GOLD PROPERTY
Consolidated Spire Ventures Ltd. has learned that the TSX Venture Exchange has given final approval for the option agreement dated July 20, 2009, with Altair Ventures Incorporated of Vancouver, B.C. The agreement with Altair has a two-phase option to earn an initial 70-per-cent interest in the PV property by spending a total of $6-million in exploration and issue seven million shares over four years to Spire. Altair can then earn an additional 20-per-cent interest upon: (a) delivering a bankable feasibility study with respect to the property; and (b) making such additional cash and share payments in such amounts as may be negotiated and settled by the parties in writing at a later date, for a total 90-per-cent interest in the Prospect Valley gold property.
