02:55 PM EST - SnipGold Corp. : announced that Colorado Resources Ltd. has indicated its continued participation in the KSP Property Earn-in Agreement, by making the necessary cash payment. The Colorado cash payment of $75,000 to SnipGold will keep the KSP Earn-in Agreement in good standing for the second-year in a four-year earn-in period. Colorado has the right to earn a 51% interest in KSP, by making a total of $500,000 in cash payments to SnipGold and incurring exploration expenditures of $6 million, all within a four-year period. Colorado also has the option to undertake an additional $4 million in expenditures in year five, to gain an additional 29% interest. SnipGold Corp.
shares V.SGG are trading unchanged at $0.07.
