Exploration and Evaluation Sample Clauses
Exploration and Evaluation. Commencing on the Effective Date and prior to closing, Seller hereby grants to Buyer an unrestricted and absolute right of ingress and egress in and to the Property, and to have possession of the mining claims, for the purpose of Buyer’s exploring and evaluating the mining claims situated on the Property, including the incidental mining of ore in amounts commensurate with such exploration and evaluation; Buyer shall timely provide Seller with any and all information generated by Buyer’s work as it becomes available.
Exploration and Evaluation. In consideration of the sum of TEN THOUSAND US DOLLARS ($10,000) as initial payment, the receipt and sufficiency of which are hereby acknowledged, and commencing on the Effective Date, Lessor hereby grants to Lessee an unrestricted and absolute right of ingress and egress in and to the Property, and to have possession of the Property, for the purpose of exploring, evaluating, developing, and mining the Property, including all necessary associated activities commensurate with such exploring, evaluating, developing, and mining. Such activities shall be conducted with the necessary approvals from the appropriate government agencies and in compliance with all laws and mining regulations. Lessee shall timely provide Lessor with data generated by this work. Lessee shall appraise Lessor as to exploration procedures during the first year of this agreement. Lessee will report to Lessor regarding the results of Lessee’s exploration activities on a quarterly basis. Final decisions regarding all exploration procedures shall be at the sole discretion of Lessee. Within sixty (60) days upon termination of this Agreement, Lessee shall deliver to Lessor a report of all exploration conducted by Lessee on the Premises. This report shall show the location of all such exploration work, assays and analyses, and mineral and metallurgical studies regarding the Premises. Lessee shall not be required to disclose information concerning, or which might tend to reveal processes, techniques or equipment developed by or for Lessee, or with which it may be experimenting, or with which it is under obligation to any other person or company not to reveal.
Exploration and Evaluation. Assets (continued)
Exploration and Evaluation. In consideration of the sum of TEN DOLLARS ($10.00) as advance production payments, the receipt and sufficiency of which are hereby acknowledged, and commencing on the Effective Date, Lessor hereby grants to Lessee an unrestricted and absolute right of ingress and egress in and to the Property, and to have possession of the Property, for the purpose of exploring, evaluating, developing, mining and all necessary associated activities commensurate with such exploration and mining. Such activities will be conducted with the necessary approvals from government agencies, and in compliance with all appropriate governmental mining regulations. Lessee shall timely provide Lessor with any and all information generated by this work commitment as it becomes available.