Business
Goldstake strikes uranium deal in Utah
Goldstake strikes uranium deal in Utah.
About this update from Greenridge Exploration Inc
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 12 /CNW/ - Goldstake Explorations Inc.- (Toronto Stock\nExchange Symbol; GXP, Frankfurt Stock Exchange Symbol; GOO), is pleased to\nannounce that it has entered into an arrangement with a prominent uranium\nmining family in Utah, whereby Goldstake is acquiring a 50% undivided interest\nin approximately 200 mineral claims in strategic locations of the \"Four\nCorners\" uranium province of Utah.\n\n\nHistorically, the family Patriarch, Mr. Dennis Ekker, his father and\ngrandfather before him, have produced uranium, since 1946 for the US Atomic\nEnergy Commission, plus vanadium and gold, from a number of the claims in\nwhich Goldstake is acquiring its 50% interest.\n\n\nGoldstake's cost of acquiring its interest is $300,000 U.S., plus a 10%\nintroductory fee to an independent broker. The Company has paid $100,000 U.S.\nof the $300,000, plus it is paying $10,000 U.S. of the fee after this news is\nreleased.\n\n\nOnce the decision is made to mine on a block of these claims, Goldstake\nwill fund the initial $200,000 U.S.development cost.\n\n\nGoldstake Explorations Inc. is a diversified Canadian exploration and\ndevelopment company with precious metal, base metal and diamond projects in\nCanada, Australia and the U.S.A.\n\n\n%SEDAR: 00003881E\n\n\n","length":1331,"tagName":"div"}]