Posted On: 05/15/2014 9:03:14 AM
Post# of 44960
$NBRI The property surrounding our Willa 5 claim in the Slocan district of BC was recently sold by various vendors to Discovery Ventures Inc. ("DVN"
for a reported $3,600,000 in cash and 21,600,000 shares of DVN stock. With the exception of our Willa 5 claim, DVN now owns the Willa Mine. Our Willa 5 claim, which covers approximately 50 acres, is near the center of the Willa Mine property and is completely surrounded by what is now DVN's tenure. Our Willa 5 claim also partially overlies the southeast portion of the Willa Mine's underground workings. If the Willa Mine is successfully opened by DVN and any mining is undertaken to the southeast, we believe it must then proceed through our Willa 5 claim area. The Willa Mine's total mineral resource estimate (historical, and not NI43-101 compliant) within the measured, indicated, and inferred categories combined and based on a 1.5-gram gold per tonne cutoff, is reported to be 3,989,494 tonnes grading 3.23 grams gold, 7.16 grams silver, and 0.53% copper. (Source: BC Assessment Report 33570).
for a reported $3,600,000 in cash and 21,600,000 shares of DVN stock. With the exception of our Willa 5 claim, DVN now owns the Willa Mine. Our Willa 5 claim, which covers approximately 50 acres, is near the center of the Willa Mine property and is completely surrounded by what is now DVN's tenure. Our Willa 5 claim also partially overlies the southeast portion of the Willa Mine's underground workings. If the Willa Mine is successfully opened by DVN and any mining is undertaken to the southeast, we believe it must then proceed through our Willa 5 claim area. The Willa Mine's total mineral resource estimate (historical, and not NI43-101 compliant) within the measured, indicated, and inferred categories combined and based on a 1.5-gram gold per tonne cutoff, is reported to be 3,989,494 tonnes grading 3.23 grams gold, 7.16 grams silver, and 0.53% copper. (Source: BC Assessment Report 33570).
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