Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Tuesday 06th of January 2009
Friday, May 2, 2008

Delta acquires mineral rights to Homestead target

Delta acquires mineral rights to Homestead target

Delta Mining and Exploration Corp. announces the purchase of 100% mineral rights to one parcel of the Homestead target, and 50% to two parcels also comprising the Homestead target.

The Mineral Rights (Mineral Deed) grants a 2% net returns royalty to the Grantor for 100% mineral rights, and 1% net returns royalty to be paid to Grantor for the 50% mineral rights.

Mineral Rights include all precious metals, mineral aggregates and metals containing diamonds, gold, silver; along with other precious metals, gems and gemstones, and any useful rare earth minerals, excluding oil and gas, and sand and gravel.

Delta also has an agreement in place for the right to purchase the remaining mineral rights of the two parcels mentioned above.

Mr. Brett Rodli, President and Chief Executive Officer of Delta Mining, stated that the purchase of the mineral rights gives Delta Mining an ownership interest in the property and a tangible asset that will further secure the Homestead property and its future development.

 

Add to Bookmarks:

ADD TO NETSCAPE     ADD TO DEL.ICIO.US     ADD TO DIGG     ADD TO FURL

ADD TO STUMBLEUPON     ADD TO YAHOO MYWEB     ADD TO GOOGLE     ADD TO SPURL


Related posts to: Delta acquires mineral rights to Homestead target

Atlas acquires iron ore rights ...

Delta Uranium commences phase 2 drilling ...

AmMex acquires rights of Cold Creek ...

Canstar plans red lake drilling program ...

Frontier Pacific adopts shareholder rights plan ...

Latest Metals News:

Latest News  Gold drops $22 on stronger dollar

Latest News  Gold prices lower as other metals see gains

Latest News  Rio Tinto withdraws from Saudi equity partnership

Latest News  Rio to cut 14,000 jobs worldwide

Latest News  Copper prices drop in New York, London

Latest News  BHP Billiton scraps plans to acquire Rio

Latest News  Base metals see more price declines

Latest News  Copper prices fall on inventories, US housing data

Latest News  Copper, aluminium gain after early declines

Latest News  Gold drops half a dollar in New York


Previous: « Athabasca’s acquisition of Aggregates Management Inc
Next: High-grade Nickel intersection extends Otter Juan »

Visited 1349 times, 4 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):