Welcome to the Torch River Resource Hub on AGORACOM

Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.

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Message: Nahmint property access?

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jesih

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Re: The project

in response to Re: The project by Edger

posted on May 05, 09 10:29AM

I think people are somewhat confused with regards to the agreement. This is verbatim from the release.....

Under the terms of the Nahmint Option Agreement, Torch shall earn up to a 75% interest in the Nahmint Property by paying the vendors up to an aggregate of $351,000 over 5 years, spending up to $1,350,000 on work programs on the Nahmint Property over 5 years and issuing up to an aggregate of 10 million shares to the vendors over 5 years.

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