Held by Milner Consolidated Silver Mines (ASE), the claims are contiguous to the Pickle Lake claims currently under option to Goldhunter and Pinetree Explorations from Caviar Resources (COATS) and Trans-Provincial Resources.
To earn its interest, Goldhunter must spend $500,000 on exploration over three years, before entering into a joint venture with Milner. Trans-Provincial, Pinetree and Goldhunter can earn their interest in the Pickle Lake claims by spending up to $100,000 on the Milner claims.
Later on, the three companies must put up their pro-rata share of exploration and development expenses to earn an interest in the Milner claims.
In other news, Goldhunter has staked 54 unpatented mining claims which are contiguous to the Milner and Pickle Lake properties. Pinetree, Caviar and Trans-Provincial have the right to participate in exploration and development of those claims.
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