St. Elias Mines

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in response to supervisorswife's message

Sorry Supervisor, you must have gone to the wrong department.

But anyways, the property you referred to earlier is the Gold Summit. Here is a few transactions that conspired with it (condensed version, go to link for full report):

2008 Madman Mining Co. Ltd & Chai Cha Na Mining

In 2008, Chai Cha Na Mining Inc optioned the three claims (550299, 550300 and 550301) of the property from the property owner Madman Mining Co. Ltd and carried out a verification soil survey.

Chi Cha Na relinquished its three claim option in 2010, but had earned a 15% retained interest.

2010 Madman Mining Co. Ltd & Chai Cha Na Mining

From September 28 to October 2, 2010, Chai Cha Na completed a small soil sampling and prospecting survey in two property areas as a follow up to the 2008 soil sampling surveys.

In late 2010, Chi Cha Na cancelled its option agreement with Madman Mining, who then sold all of its interest in the property to St. Elias Mines. Note that Chi Cha Na has a retained 15% interest in the property’s central three claims.

http://globaldocuments.morningstar.com/documentlibrary/document/b0b3593a6844ffa08cd92c670947163b.msdoc/original

Now the interesting part of this is the CEO of the now delisted Chai Cha Na Mining was Fred Fisher.

He is the CEO of Hi Ho Silver, who had the option on the Carmi Moli property.....you know, the company that accidently let the property lapse right into the hands of Dorian Leslie.

On a side note, it is refreshing to see new names pop up with old companies:


Hi Ho Silver Mobilizes Field Crews to Carmi

For more information contact Fred Fisher, President/CEO and/or Isabel Alves, I nvestor Relations

http://www.24hgold.com/english/news-company-gold-silver-mobilizes-field-crews-to-carmi.aspx?articleid=142817

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molson200
City
Darwell
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10/18/2011
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St. Elias Mines
Symbol
SLI
Exchange
TSX-V
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130.4 M (FD) : Nov 29, 2011
Industry
Metals & Minerals
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