Newcastle Minerals

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White Gold District Property Synopsis

Shares Out: 31,447,690
Market Capitalization: 1,100,669
Estimate of Cash Position: 130,000
Property Name: Unknown
Property Size (Hectares): 1,000
Distance from White Gold: 15 km E
Property Origin: Blair Naughty

Details

$75,000 cash, three million shares of Newcastle and a 3-per-cent net smelter returns royalty. The company may repurchase 1 per cent of the royalty for $1-million. Newcastle also agreed to spend $25,000 to explore the property by June 1, 2010, and $225,000 by Sept. 1, 2010.

Company Overview

Has some exploration projects in BC.

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