Golden Thunder Enters Into an Agreement.VANCOUVER, British Columbia--(BUSINESS WIRE)--March 5, 1998-- GOLDEN THUNDER(VSE See DOS/VSE. VSE - Virtual Storage Extended :GTH GTH Go To Hell GTH Gate to Heaven GTH Glad to Help GTH Great To Hear GTH Gate to Hell GTH Go To Hades GTH General Table Handler .) Golden Thunder Resources Ltd. (the "Company") announces that it has entered into an agreement with El Paso Partners Ltd., ("El Paso"), to earn a 75 percent interest in the El Oro Property, in the Batopilas Mining District, Chihuahua, Mexico (the "El Oro"). The agreement is subject to regulatory approval. The El Oro claims cover approximately 7,500 acres. The claims lie along the path of Coyegachi Canyon, and are bounded by the regional NW trending fault scarp, where the "Cieneguita" mine of Glamis Gold and the El Sauzal deposit of Francisco Gold are situated to the south and east. Under the agreement, the Company will pay El Paso, the sums of US$10,000 upon regulatory approval and an additional US$4,000 one month thereafter in return for consulting, preparation of reports, State and Government filings, fieldwork, etc. Additionally, the Company will carry out a first year work program of a minimum of US$75,000; a second year work program of a minimum of US$100,000; and a third year work program of US$150,000. The Company will pay a further US$50,000 payment on the first year anniversary after regulatory approval; US$75,000 on the second anniversary; US$100,000 on the third anniversary and thereafter the sum of US$100,000 per year until a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. is completed. Upon completion of an independent third party bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility study, the Company will have earned a 75 percent interest in the Property, and El Paso will retain a 2 percent NSR NSR abbr. normal sinus rhythm NSR Normal sinus rhythm, see there . The Company is also evaluating additional property acquisitions in the Sierra Madre precious metals belt. On Behalf of the Board of Directors Michael Dearden, President Authorized Shares: 20,000,000 CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. : no. 38121J102 Issued Shares: 3,092,156 The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this News Release. CONTACT: Golden Thunder Resources Ltd. Michael Dearden, 800/686-6220 info@gth-gold.com http://www.gth-gold.com |
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