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Shares Out: 41,473,082
Market Capitalization: 9,124,078
Estimate of Cash Position: 2,600,000
Property Name: Seven Properties, Sonora Gulch is Flagship
Property Size (Hectares): 5,244
Distance from White Gold: 65 km SE
Property Origin: Capstone Mining

Details

Capstone, owner of the Minto mine, has back in rights on all the projects. Under its agreement with Capstone, they retain back-in rights to acquire a 65% interest in any of Northern Tiger’s projects located within a 50 km radius of the Minto Mine that are found to have mineralization amenable to processing in existing Minto Mine facilities.

A $1-million dollar program budgeted for this summer. Capstone owns 13.5% of the issued and outstanding shares of Northern Tiger, on a non-diluted basis. Capstone has a back in right on all their projects.