Common use of Maintenance of Claims Clause in Contracts

Maintenance of Claims. 6.1 During the Option period, Hi Ho Silver will be responsible for maintaining all mineral claims that comprise the Property in good standing with respect to Ministry of Energy Mines and Petroleum Resources annual assessment requirements. The costs associated with this will qualify as an exploration expenditure pursuant to paragraph 3.1(b).

Appears in 2 contracts

Samples: Letter Agreement (Hi Ho Silver Resources Inc.), Letter Agreement (Hi Ho Silver Resources Inc.)

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Maintenance of Claims. 6.1 During the Option period, Hi Ho Silver will be responsible for maintaining all mineral claims that comprise the Property in good standing with respect to Ministry of Energy Mines and Petroleum Resources annual assessment claim maintenance requirements. The costs associated with this will qualify as an exploration expenditure pursuant to paragraph 3.1(b).

Appears in 2 contracts

Samples: Property Purchase Agreement (Hi Ho Silver Resources Inc.), Property Purchase Agreement (Hi Ho Silver Resources Inc.)

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