Exploration Program. (a) Kalimas agrees to begin the Exploration Program on the Concession by March/April 1997 or sooner, or at a time agreed upon by the Parties:___________________________.
(b) Kalimas will dig numerous test pits as part of the exploration program.
(c) Shallow drilling to the depth of 50-60 meters will be carried out over the first 90-day period or at a practical time.
(d) Deep drilling to the depth of 200 meters will also be carried out over the second 90-day period or at a practical time.
(e) Kalimas agrees to provide and/or secure 100% finance the Exploration Program for the development and implementation of the Telen Gold Mine. In this regard, Kalimas agrees to spend a minimum of USD $100,000 in Year 1; USD $100,000 in Year 2; and USD $100,000 in Year 3. Accounting records for these expenditures will be kept by Kalimas.
Exploration Program. (a) Singkamas agrees to begin the Exploration Program on the Property by February 1997 or sooner.
(b) Singkamas will dig numerous test pits as part of the exploration program.
(c) Shallow drilling to the depth of 50-60 meters will also be carried out over time second 90-day period.
(d) Deep drilling to depth of 200 meters will also be carried out over the second 90-day period.
(e) Singkamas agrees to finance the Exploration Program for the development and implementation of the Coal Mine Project. In this regard, Singkamas agrees to spend a minimum of US$100,000 in year 1, US$100,000 in Year 2; and US$100,000 in Year 3. Accounting record for these expenditures will be kept by Singkamas.
Exploration Program. The Optionees agree under the terms of this Agreement to fund a $3,000,000 Exploration Program upon the Property within the first forty-eight (48) month period following the Closing, in accordance with the time line set out in Section 4.2(c) above, through a prepared mining exploration and development work program. The Operator shall carry out the Exploration Program in respect of the Property during the forty-eight (48) month period following the Closing, and shall submit to Mexivada a draft of an initial phase of the Exploration Program for review within thirty (30) days of the Closing.
Exploration Program. Kalimas agrees to begin the Exploration Program on the Concession by March April 1997 or sooner, or at a time agreed upon by the Parties:_______________________.
Exploration Program. The EXPLORATION COMPANY has the right to establish, at its absolute discretion, the beginning, suspension, conclusion, manner, terms, and conditions of execution of the Mining Activities and the exercise of the Exploration Rights.
Exploration Program. Subject to and in accordance with this Agreement and Schedule “B”, at least 60 days before each date for which Expenditures must be incurred pursuant to Section 3.4, Avalanche shall submit to Opes a complete exploration program (“Exploration Program”) to be carried out in that calendar year. Opes shall pay to Avalanche, by certified cheque, the amounts of the Expenditures to be incurred on or before the dates set out in Section 3.4 for application by Avalanche as agent for Opes in accordance with Section 3.6 to the exploration and development program on the Property set out in the Exploration Program. Exhibit 10.4 - 9
Exploration Program. The activities included in the minimum exploration program established in the Terms of Reference and those related to the additional investment presented by THE EVALUATOR in its proposal to be carried out in the Technical Evaluation Area.
Exploration Program. THE EVALUATOR has the obligation to carry out the Technical Evaluation Program described in Annex C, at its own cost and risk, within the term of this contract, according to Clause 2.5 of this Annex. In the performance of the Technical Evaluation Operations THE EVALUATOR must make sure that the drilling of the stratigraphic xxxxx meets the scope established in the definitions chapter of this contract.
Exploration Program. The following program of work (the "Exploration Program") shall be conducted on the Contract Area as defined in Annex A, during the Exploration Period and will be separated in two phases:
1. Project Status Update 2. Review existing data and preliminary analysis 3. Structural Interpretation, Stratigraphy and Petrophysics
Exploration Program. The Exploration Program consists of exploration activities, whether underground or above ground, to be carried out on the Properties to determine the existence, location, extent or quality of mineral resources of such Properties.