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Decade Resources Ltd.
Summary
| Project: | Del Norte | |
|---|---|---|
| Deposit: | Del Norte | |
| Location: | Canada | |
| Commodities: | Silver-Gold | |
| Date: | 5/15/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-5-2020: Decade Resources Ltd. announces a Supporting Acquisition report for its Del Norte deposit at the Del Norte project. Summary of property in support of acquisition. The property is subject to the following royalties (the “Pre-Existing Royalties”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Alojzy Aleksander Walus, Krzysztof Mastalerz (Independent) | |
| ABSTRACT: | The property is subject to the following royalties (the “Pre-Existing Royalties”): one percent net smelter royalty in favour of Sabina Gold & Silver Corp. pursuant to purchase and sale agreement between Teuton Resources and Sabina dated June 16, 2014 and a royalty agreement between the Teuton and Sabina dated June 16, 2014. Teuton Resources has the right to repurchase one-half of the Sabina royalty for $ 1,000,000. One percent net smelter royalty in favour of Excellon Resources Inc. pursuant to a royalty agreement between Teuton and Excellon dated June 16, 2014. Teuton Resources has the right to repurchase one-half of the Excellon royalty for $ 500,000. Teuton Resources permit to conduct exploration work on the property expired in 2019. Several months ago, Teuton applied for another permit. The authors are not aware of any environmental liabilities or any other significant factors and risks that may affect access, title, or the right or ability to perform work on the property. | |
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