The past holes drilled at Fran will be combined with this season's proposed drill holes to better understand the potential of the project, and determine the next course of action.
Previous work at the Fran Property has included trenching, as well as 71 holes drilled for a total of 13,576 meters with many intersecting significant gold mineralization both in grade andWholesale DC shoes hats width. Noteworthy intersections include hole FR-07-074 at 12.9m of 7.39 g/t Au, and hole FR-06-055 at 9.55m of 8.21 g/t Au.
"The Fran Property has exploration expansion potential and with the planned drill program this fall, we believe both the size and scope of Fran can be greatly increased. The Company is grateful to JOGMEC for their willingness to renegotiate our JV to allow us to pursue an opportunity at the Fran Property,"Cheap NFL hats stated David Matousek, President.
This renegotiation will allow Yankee Hat to focus its 2010 exploration program solely on the Fran Property in British Columbia.
JOGMEC and the Company have agreed to amend the existing joint venture agreement in order to give Yankee Wholesale NFL hats Hat more flexibility in its operational decision making process. The revised joint venture agreement allows Yankee Hat to maintain the joint venture properties in good standing, without being committed to spend a set amount on the projects as previously required under the agreement. Should Yankee Hat choose to further explore the joint venture properties and incur expenditures, JOGMEC would have the ability to resume the joint venture under the same terms and conditions as the original agreement, subject to JOGMEC paying two times the expenditures incurred by Yankee Hat. The Company would maintain a twenty-five percent interest if JOGMEC decided to resume the joint venture and make the required payment totaling twice the amount of expenditures incurred. Cheap NBA hats Yankee Hat will have until August 1, 2014 to continue the joint venture agreement.
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