It seems like we have almost stolen half of this company for $1 million. So I like the move - more diversification for us.
Also, they can't do whatever they want with the money - it has been earmarked for their 2014 Field program. Weird how name "Liard" comes up as the Eaglehead project refers to the Liard Mining Division of BC when when own part of the Liard Copper Mines Limited.
2014 Field Program
Carmax intends to embark on a field program to advance the Eaglehead project. This will include ground geophysics to better understand the extent of known mineralization and its extensions, 8 to 10 exploration drill holes, 2 drill holes for metallurgical testing, as well as extensive re-logging of historic drill cores. A budget of $1,200,000 is anticipated for the field program.
Eaglehead Project
The Eaglehead Cu-Mo-Au Project is located approximately 1,100 km north of Vancouver and approximately 50 km east of Dease Lake, a town of approximately 200 people, in northwestern British Columbia. The northwest-southeast oriented property extends approximately 28 km along strike from Eaglehead Lake at its northwestern extremity to approximately 8 km past Tournigan River in the southeastern part of the property. The property comprises 31 mineral claims consisting of 613 cells covering a total area of approximately 11,410 hectares (ha) in the Liard Mining Division of British Columbia.
