Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

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EMED Mining - Biely VrchNovember 2010Figure 1Exploration and mining licence application process in Slovakia (Source: EMED)5.0 EXPLORATION LICENCE AREASEMED’s exploration programme in Slovakia is focused on a cluster of volcanic centres in the westernpart of Slovakia, where EMED is exploring for gold and associated minerals.EMED owns 100% of the exploration licences in Slovakia via its subsidiary EMED Slovakia. All thelicences were granted by the Ministry of Environment and are in good order.The exploration licences currently cover in aggregate 448.65 km 2 as shown in Table 2 and Figure 3.Access RestrictionsA granted license gives the sole right to the holder of the licence for exploration. No other individualor company can undertake exploration on that licence. The licence lists the minerals or commoditiesthat the holder has the right to explore for and any special conditions that the government may requirein order to carry out exploration.Access to property (both public and private) to do basic exploration is part of the grant of theexploration license according to the Slovak legislation. Basic exploration is access for mapping,surface geochemical and geophysical investigations; in effect, activities that have no impact on theland. Written signed permits are not required for this as the right to access is part of the provision ofgranting the license. If access by the land owner is withheld then the holder of the licence can applyto the ministry to have access enforced. EMED has never had to do this to date on any of its licencesin Slovakia.<strong>NI</strong><strong>43</strong> – <strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 9 BEHRE DOLBEARLegal*5650400.1
EMED Mining - Biely VrchNovember 2010In order to undertake drilling or earthworks (bulldozing of roads, drill pads or trenches) a permit isrequired from the landowner. This permit specifies what will be done and where and whatcompensation may be applicable. If no agreement can be reached with the land owner, then thelicence holder may apply to the relevant Slovak ministry to determine as to whether access will beenforced for the drilling or earthworks and what conditions and compensation are applicable.Figure 2Location of EMED’s Exploration Licences in Slovakia.Table 3 EMED’s Exploration Licences in Slovakia (July 2010)Tenement Area km 2 Holder Valid tillProchot 39.06 EMED Slovakia Nov. 9, 2013Detva 104.57 EMED Slovakia Dec 23, 2013Hodrusa-Hamre - Banska Stiavnica 175.19 EMED Slovakia May 4, 2013Velke Pole 116.60 EMED Slovakia Oct 26, 2011Banska Stiavnica 13.23 EMED Slovakia June 2014Total area in km 2 448.65<strong>NI</strong><strong>43</strong> – <strong>101</strong> <strong>Technical</strong> <strong>Report</strong> 10 BEHRE DOLBEARLegal*5650400.1
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Ammended NI 43-101 Technical Report on the Biely ... - EMED Mining

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