Exhibit 10.2


 


FIRST AMENDMENT TO
CAMPBELL/SIMPSON/TONKIN 

SPRINGS GOLD MINING COMPANY MINING LEASE


 


THIS FIRST AMENDMENT TO MINING LEASE is made and entered into effective
as of the 10th day of January, 1986 by and between Lyle F. Campbell, a single
man, and Julian E. Simpson and Jean C. Simpson, husband and wife (hereinafter
collectively called “Campbell/Simpson”), and Tonkin Springs Gold Mining
Company, a Colorado corporation (hereinafter called “TSGMC”).


 


RECITALS


 


A.                       Effective
January 1, 1986, Campbell/Simpson and TSGMC entered into a Mining Lease
(the “Campbell/Simpson-TSGMC Lease”) with respect to certain mining claims
situated in Eureka County, Nevada, said claims being described in Exhibit A
to the Campbell/Simpson-TSGMC Lease (the “Tonkin, Pat, et al. Claims”).


 


B.                         Effective
January 5, 1985, TSGMC had entered with Precambrian Exploration, Inc.
(“Precambrian Exploration”) into a Mining Lease (the “Precambrian
Exploration-TSGMC Lease”), with respect to certain other mining claims (the “Rob
Claims”) adjacent to the Tonkin, Pat, et al. Claims. The Rob Claims are
described in Exhibit A to the Precambrian Exploration-TSGMC Lease and in Exhibit B
to the Campbell/Simpson-TSGMC Lease.


 


C.                         The
Campbell/Simpson-TSGMC Lease and the Precambrian Exploration-TSGMC Lease each
contain area of interest provisions whose boundaries overlap and cover the same
lands.


 


D.                        Pursuant
to the paragraph typed at the bottom of page 15 of the
Campbell/Simpson-TSGMC Lease, Campbell/Simpson and TSGMC hereby wish to clarify
the extent to which the provisions of Article 32 of the
Campbell/Simpson-TSGMC Lease will apply.


 


NOW, THEREFORE, in consideration of the mutual benefits that will be
enjoyed by Campbell/Simpson and TSGMC pursuant to the Campbell/Simpson-TSGMC
Lease and this First Amendment, the parties hereto agree as follows:


 


1.                           The
last sentence of the first paragraph of Article 32 on page 15 of the
Campbell/Simpson-TSGMC Lease is hereby deleted in its entirety and replaced
with the following provisions:


 

















 


Except as expressly provided in this Article 32,
the provisions of this Article 32 shall not apply to any new mining claim
or portion of any new mining, claim that is located by TSGMC and that lies
south of the boundary line marked in red on the plat attached as Exhibit D
hereto. The provisions of this Article 32 also shall not apply to any
claim that: (i) lies north of the above-described boundary line; and (ii) is
an amendment or relocation of one or more of the Rob Claims or was located to
cover an open fraction within the boundaries of the Rob Claims. However, the
provisions of this Article 32 will apply to any claim that: (i) lies
south of the above-described boundary line; and (ii) is an amendment or
relocation of one or more of the Tonkin, Pat, et al. Claims or was located to
cover an open fraction within the boundaries of the Tonkin, Pat, et al. Claims.


 


2.                           The
boundary line description between the Tonkin, Pat, et al. Claims and the Rob
Claims, attached as Exhibit C to the Campbell/Simpson-TSGMC Lease, is
hereby amended and corrected to change the figure of 3,150 feet, which is in
the third from the bottom line of the metes and bounds description of that Exhibit C,
to 6,300 feet. That description shall be used for purposes of determining the
boundaries of the Tonkin, Pat, et al. Claims and the Rob Claims under the
Campbell/Simpson-TSGMC Lease and this First Amendment.


 


3.                           Except
as expressly amended above, the Campbell/Simpson-TSGMC Lease shall remain in
full force and effect in accordance with its original terms.


 


IN WITNESS WHEREOF, the parties hereto have executed this First
Amendment as of the date first above written.


 


	
   

  	
   

  	
  LESSOR:

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  Lyle F. Campbell

  
	
   

  	
   

  	
  Lyle F. Campbell

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  Julian E. Simpson

  
	
   

  	
   

  	
  Julian E. Simpson

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  Jean C. Simpson

  
	
   

  	
   

  	
  Jean C. Simpson

  



 


2

















 


	
   

  	
   

  	
   

  	
  LESSEE:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  TONKIN SPRINGS GOLD MINING COMPANY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   President

  



 


(SEAL Affixed)


 


	
  STATE OF NEVADA

  	
   

  	
  )

  
	
   

  	
   

  	
  )
  ss.

  
	
  COUNTY OF WASHOE

  	
   

  	
  )

  



 


On the 31 day of January,
1986, before me personally appeared Lyle F. Campbell, known to me to be the
person who signed the foregoing instrument and who acknowledged the same to be
his free act and deed. The said Lyle F. Campbell, being first duly sworn,
states, by his execution of the foregoing document, that the statements
contained herein are true to the best of his knowledge, information and belief.


 


	
   

  	
  Witness
  my hand and official seal.

  
	
   

  	
   

  
	
   

  	
  My commission expires: March 26, 1988

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  



 


(SEAL)                               [ILLEGIBLE]


 


	
  STATE OF HAWAII

  	
   

  	
  )

  
	
   

  	
   

  	
  )
  ss.

  
	
  COUNTY OF MAUI

  	
   

  	
  )

  



 


On the 3rd day of February, 1986, before me personally
appeared Julian E. Simpson and Jean
C. Simpson, husband and wife, known to me to be the persons who signed
the foregoing instrument and who acknowledged the same to be their free act and
deed. The said Julian E. Simpson and Jean C. Simpson, being first duly sworn,
states, by their execution of the foregoing document, that the statements
contained herein are true to the best of their knowledge, information and
belief.


 


	
   

  	
  Witness
  my hand and official seal

  
	
   

  	
   

  
	
   

  	
  My commission expires: 9/1/87

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  



 


(SEAL
Affixed)


 


3

















 


	
  STATE OF COLORADO

  	
   

  	
  )

  
	
   

  	
   

  	
  )
  ss.

  
	
  COUNTY OF DENVER

  	
   

  	
  )

  



 


On the 22nd day of January, 1986, before me personally
appeared William Reid, in his capacity as
     —      President of
Tonkin Springs Gold Mining Company, who, being first duly sworn, acknowledged
that he executed the foregoing instrument in the name of said entity, that he
had the authority to execute the same, and that he executed the same as the act
and deed of said entity for the uses and purposes therein stated.


 


	
   

  	
  Witness
  my hand and official seal.

  
	
   

  	
   

  
	
   

  	
  My commission expires: May 10, 1987

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/
  [ILLEGIBLE]

  	
   

  
	
   

  	
   

  	
  Notary Public

  	
   

  
	
   

  	
   

  	
  9107

  	
   

  
	
   

  	
   

  	
  Littleton, Co

  	
   

  



 


(SEAL Affixed)


 


4

















 


EXHIBIT D


 


(Attached to and
made a part of the Mining Lease between Campbell/Simpson/ Tonkin Springs Gold Mining
Company, dated effective January 1, 1986)


 


UNITED STATES

DEPARTMENT OF THE INTERIOR

GEOLOGICAL SURVEY


 


[GRAPHIC]