The RO claims are adjacent to the historical high grade Sleeper Mine and are optioned to Montezuma Mines Ltd., a subsidiary of CMQ Resources Inc. Under the terms of the option, Montezuma may earn a 55% interest in the RO Property by funding US$3,000,000 in qualified expenditures over a five year period. Montezuma has indicated to the Company that it intends to spend $490,000 on the property this year conducting geochemistry and geophysical surveys. No interest is earned until US$3,000,000 has been expended.
