Situated 60 miles southeast of Wabowden, the deposit is near a highway and power supply. Granges Exploration (TSE) holds a 25% interest in the property.
Black Hawk can buy the interest by paying Canamax $250,000 and giving the company a 1.5% net smelter interest. Of the $250,000, $150,000 will be in the form of a promissory note payable in one year.
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