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Message: Goldex - 5% royalty question

Thanks Nickelbag

What I know is there were originally three main claim sections of the Goldex property: The Extention claim block(11 claims), the Dalton claim(1 claim) and the Probe claim block(10 claims).

The Extention block carries a 21% obligation of profits to be paid to two main parties, one 20% and the other 1%, the Dalton block carries a payment of 18,000 shares of Agnico when production from that section begins and The Probe block has the 5% NSR.

I know very little of the geology on the Goldex property but do know that Agnico reported that they are drilling on the Extention part first, following the established trend to the east. There may be other areas being drilled, I just don't know. The LaRonde and Lapa deposits of Agnico's are very similiar in geology found at Goldex.

Osisko is working a property between Lapa and Goldex and may hold the 20% royalty on the Extention section. I am not sure if they absorbed Ormico Exploration, who orginally held the 20%, or not. I can't determine what's happened to Ormico. Maybe, someone knows.

It would be nice knowing what Agnico's mining plan is for extracting ore. If someone knows, it would be of interest to all.

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