History of the Gold Bug property

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molson200

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History of the Gold Bug property

posted on Mar 10, 2015 09:18AM

So what do you do with a property that is transferred back to you because of disappointing exploration results?

WRITTEN BY:LLOYD C. BREWER

CLAIM INFORMATION AND PROPERTY OWNERSHIP

The Gold Bug Project is comprised of one 6 cell mineral claim.The

Claim is currently in the authours name but is in the process of being

transferred to Mr. John Xinos.Further claim information is provided

in the table below:

ClaimTenureNumber ofAnniversary

NameNumberClaim CellsDate

      GOLD BUG      509735       6         March 2, 2006

http://www.sec.gov/Archives/edgar/data/1329944/000109328706000045/goldbugsummary993.txt

MISTRAL VENTURES, INC.

The Company was incorporated in the State of Nevada on May 13, 2005 to engage in the acquisition, exploration, and development of natural resource properties.

On February 9, 2006, the Company purchased the Gold Bug Project from John Xinos. The property, which was without known exploitable reserves, consisted of six mineral cell claims having a total surface area of approximately 315 acres in Beaverdell, British Columbia, Canada.

The Company engaged Madman on September 21, 2006 to complete initial exploration work on the property. On April 12, 2007, the Company received the results from the first phase of the exploration; Madman was unable to identify economically viable deposits of precious metals.

Shortly thereafter, management decided to discontinue mining activities on the property.

Ownership of the claim was transferred to Lloyd Christopher Brewer on January 28 th , 2007 in exchange for forgiveness of exploration expenses due by the Company.

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=58909

Apparently, you sell it to your wife:

Title Number ID

509735

Claim Name

Gold Bug

103216

BREWER, LLOYD CHRISTOPHER

BSLI Transfer of Ownership (Bill of Sale Initiation)(4244095)

2008/OCT/31

138758

ST. ELIAS MINES LTD.

BSLC Transfer of Ownership (Bill of Sale Completion)(4244096)

2008/OCT/31

https://www.mtonline.gov.bc.ca/mtov/searchTenures.do

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103216	BREWER, LLOYD CHRISTOPHER	BSLI Transfer of Ownership (Bill of Sale Initiation)(4244095)	2008/OCT/31
138758	ST. ELIAS MINES LTD.	BSLC Transfer of Ownership (Bill of Sale Completion)(4244096)	2008/OCT/31