EXPLORATION – The Buchans Deal

Posted By: Northern Miner Staff November 30, 1998

Altius Minerals — Billiton can earn up to a 70% interest in 127 claims by spending $1.3 million and making a cash payment of $200,000
Buchans River — Billiton can earn up to a 70% interest in 819 claims by spending $7.5 million and making a cash payment of $1 million
Celtic Minerals — Billiton can earn up to a 70% stake in 664 claims by spending $1.6 million.
Celtic Minerals/Jilbey Exploration — Billiton can earn up to a 70% interest in 118 claims by spending $2 million and making a cash payment of $50,000.
GT Exploration — Billiton can earn up to a 70% ownership in 230 claims. Specific terms undisclosed.
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