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Organullo Property
Pursuant to an agreement dated October 1, 2004 between the Company and an Argentinean individual, the Company purchased a 100% interest in eight minas in Salta Province, Argentina, in consideration of the issuance of 70,000 common shares. These common shares were issued during the fiscal year ended October 31, 2005.
The Company considers this an active project, with a work program currently planned for the fiscal year ending October 31, 2010.
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