"The terms of the letter of intent between Grenville, its Peruvian subsidiary and Journey include certain payment and expenditure requirements by Journey. The payment requirement consists of a non-refundable deposit in the amount of CDN$200,000 upon signing of the letter of intent. Journey must also fund an amount of CDN$2,800,000 in development and exploration expenditures on the Silveria Property on or before March 15, 2008, at which time Journey will have been deemed to have earned a 25% interest in and to the Property, and a joint venture between Journey and Grenville will have been formed."

"If Journey funds a further CDN$3,000,000 in development and exploration expenditures on the Silveria Property, on or before November 30, 2008, Journey will have earned a 50% interest in and to the Property under the joint venture. At this time, Journey will maintain an option to earn an additional 25% interest in and to the Property for a total 75% interest, by funding a further CDN$6,000,000 in development and exploration expenditures on the Property on or before January 31, 2011.";

I don't think the tailings are part of the deal.

Len is going to get these tailings processed and then go to Equator
and drill 200m deeper

and for those you who have forgotten about La Tigrera Project
750,000 oz au defined to 50m depth we'll have to re-define some of those to comply with NI43-101
TT's phone will be busy tomorrow.

Ola amigos
radar