The Pershing-Manitou Project is located in the province of Québec, Canada, more precisely within the Abitibi region (Figure 4.1). The Project is approximately 76 km southeast from the city of Amos and 65 km north-east from the city of Val.
The current Pershing-Manitou Project area consists of 1 claim, C008622, covering an area of 40.00 Ha (Figure 4.2). The claim is part of the Courville Property land package which itself consists of 322 contiguous claims covering an area of 12,307.55 Ha.
The former Pershing-Manitou property included a mining lease that expired in 2008 and was subsequently converted back into claims. NI43-101 Technical Report and Mineral Resource Estimate for the Pershing-Manitou Project, Abitibi, Québec11Most of the 322 claims are subject to NSR royalties varying between 2.5% and 4%,whereas for the remaining claims the royalty is set to a fix $10 per ounce of gold. Claim C008622 specifically is subject to an overall NSR of 2.5% split between two parties.
For all details please read teh completeh 43-101 of Pershimex availabel here.