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Note 3 - Mineral Properties: Schedule of Payments under North Springs Agreement (Tables)
 6 Months Ended
Jun. 30, 2014
Tables/Schedules  
Schedule of Payments under North Springs Agreement

 

Date

Cash Payment

Common Share Payment

 

 

 

First Anniversary of Effective Date

$10,000

1,000,000 shares

Second Anniversary of Effective Date

$15,000

1,000,000 shares

Third Anniversary of Effective Date

$20,000

1,000,000 shares

Fourth Anniversary of Effective Date

$25,000

 1,000,000 shares

Fifth Anniversary of Effective Date

$30,000

 

 

 

 

Six through Tenth Anniversary of Effective Date

$50,000

 

Eleventh through Fifteenth Anniversary of Effective Date

$75,000

 

Sixteenth and Each Subsequent Anniversary of Effective Date

$100,000