Duck Pond Data
Teck to Acquire 100% of Teena/Reward Zinc Project 2016-10-19
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced today that a wholly owned subsidiary has exercised a right of first refusal to acquire the 49% interest held by Rox Resources Limited ("Rox")(ASX:RXL) in the Teena/Reward zinc project, which is already subject to Teck's right to earn an additional 19% interest. The consideration will consist of AUD$10.6 million in cash (or AUD$8.0 million in cash and AUD$3.6 million in freely trading securities) payable on closing, a three year AUD$5.25 million interest bearing promissory note, and a further AUD$3.75 million in cash payable on the earlier of six years from the closing date or completion of a bankable feasibility study for the project. Closing of the transaction is subject to customary conditions, including definitive documentation. On closing, Teck will hold a 100% interest in the Teena project.
ASX: Rox Rewarded with up to $20.6 Million for Zinc Project Sale 2016-10-18
Kiska Regains Control of the Kliyul Project 2016-10-04
VANCOUVER, BC--(Marketwired - October 04, 2016) - Kiska Metals Corporation (
TSX VENTURE: KSK) ("Kiska" or the "Company") announces that it has regained control of its 100% interest in the Kliyul Project. This is the result of Teck Resources Limited ("Teck") notifying the Company that it is terminating the Kliyul Participation Agreement dated September 30, 2013 ("Agreement"). Under the terms of the Agreement, Teck completed IP geophysical surveys, archeological surveys, baseline water quality surveys, community engagement programs with local First Nations, and ~2,000 metres of diamond drilling in four holes, for a total expenditure of ~$3 million.
Teck Submits Regulatory Application for Quebrada Blanca Phase 2 2016-09-26
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) has, as part of the regulatory process, submitted the Social and Environmental Impact Assessment (SEIA) for its Quebrada Blanca Phase 2 Project (QB Phase 2) in northern Chile to the Region of Tarapacá Environmental Authority, consistent with the timing previously noted in the company's second quarter 2016 release.
Teck Announces Acquisition of Securities of Jet Gold 2016-08-31
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common shares were issued for an aggregate price of $500,000, and the convertible debenture was issued for a price of $389,117. No cash consideration was paid by Teck and the purchase price was fully satisfied by set-off against the assumed indebtedness.
Duck Pond Information
General 2015-05-10Teck owns 100% of the Duck Pond mine, which was acquired through the acquisition of Aur Resources Inc. in 2007. The Duck Pond deposit is to be mined through a combination of open pit and underground mining methods. Differential flotation produces copper and zinc concentrates that are trucked to the port of St. Georges on the west coast of Newfoundland. Copper and zinc concentrates produced at the Duck Pond mine are sold under concentrate sales agreements to smelters in North America and overseas.
Nearby Location News
Drilling in Deeper Zone of Marathon Deposit Hits 3.10 g/t Au over 19.3 meters (TT) & 3.61 g/t Au over 18.0 meters (TT), Valentine Gold Camp 2016-11-02
TORONTO, ON--(Marketwired - November 02, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (
TSX: MOZ) announces very positive results from continued drilling at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-121, MA-16-122, MA-16-125, MA-16-127, MA-16-128 and MA-16-129 intersected significant intervals of good-grade gold mineralization at both shallow and deeper intervals within the Marathon Deposit area. Deeper drill holes MA-16-127, MA-16-128 and MA-16-129, along with previously reported drill holes MA-16-116, MA-16-113, MA-16-112, MA-16-111, MA-16-107, MA-16-101, MA-15-032 and MA-15-047, have all intersected wide intervals of higher grade gold at depth and define the deeper mineralized corridor within the Marathon Deposit (Figure 1). Step-out drilling to the southwest continued to intersect shallow as well as deeper mineralization. The 50-100-meter-wide (TT) subvertical mineralized corridor of the Marathon Deposit is open along strike and now extends to depth in excess of 350 meters. A second drill commenced operation at the Marathon Deposit on October 28, 2016 in advance of the anticipated 2017 resource update.
Drilling at the Marathon Deposit Increases Strike of Deeper Mineralized Corridor Hitting 2.16 g/t Au (cut) Over 66.3 Meters (TT),Valentine Lake Gold Camp 2016-09-27
TORONTO, ON--(Marketwired - September 27, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (
TSX: MOZ) announced today continued success from the ongoing drilling campaign at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-114, MA-16-116, MA-16-117, MA-16-118 and MA-16-119 intersected significant intervals of good-grade gold mineralization with MA-16-116 intercepting wide gold intervals up to 70 meters down-dip of previous drilling on the Marathon Deposit (Figure 1). Previously reported drill holes MA-16-113, MA-16-112, MA-16-111, MA-16-107, MA-16-101 and extended drill holes MA-15-032 and MA-15-047 all intersected similar wide intervals of higher grade gold at depth (Figure 1). The new drilling further confirms the continuity of the 50-100 meter wide (true thickness) sub-vertical mineralized corridor of the Marathon Deposit, which is currently open along strike and extends to depth in excess of 250 meters. Marathon's current drilling is now focused on expanding the Marathon Deposit towards the southwest along strike and to depth. In early October, Marathon will add a second drill at the Leprechaun Deposit in support of a revised resource estimate expected to be completed in the first quarter of 2017.
Marathon and Leprechaun Deposits Amenable to Heap Leach With High Gold Extraction From Minus Half Inch Short Column Testing 2016-09-14
TORONTO, ON--(Marketwired - September 14, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (
TSX: MOZ) has completed the short column heap leaching test program and reports high gold extraction on the core samples from the lower grade zones of both the Marathon and Leprechaun deposits, Valentine Gold Camp, central Newfoundland. The Leprechaun and Marathon deposits comprise 92% of the total current resource for the property. The on-going drilling campaign has been increased from 10,000 meters to 14,000 meters.
Marathon Reports High Metallurgical Recoveries of up to 98.1% for the Marathon Deposit 2016-08-25
TORONTO, ON--(Marketwired - August 25, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (
TSX: MOZ) today announced very positive results from its 2016 metallurgical test program, which yielded high gold recoveries from the Marathon Deposit, Valentine Gold Camp using a combination of conventional gold preconcentration and leaching technologies. The costs of this program are being underwritten in part by the Research and Development Corporation of Newfoundland and Labrador.
Marathon Deposit Grows Larger With New Drill Results: 2.11 g/t Au (Cut) Over 68.3 Meters (TT) and 1.33 g/t Over 48.8 Meters (TT) 2016-08-09
TORONTO, ON--(Marketwired - August 09, 2016) - Marathon Gold Corporation ("Marathon" or the "Company") (
TSX: MOZ) is pleased to announce continued positive results from its latest drilling at the Marathon Deposit, Valentine Gold Camp. New drill holes MA-16-107 and MA-16-11 have both intercepted very wide intervals of good-grade gold mineralization for up to 80 meters down-dip of previous drilling on the Marathon Deposit (Figure 1, Section 17250 in www.marathon.com). These new drill holes further confirm the continuity of the 50-100 meter wide (TT) mineralized corridor of the Marathon Deposit that is currently open along strike and extends to depth for more than 250 meters. Previously reported drill holes MA-16-101 and extended drill holes MA-15-032, MA-15-039 and MA-15-047 also intersected similar wide intervals of higher grade gold at depth (Figure 1, PR's June 21, 2016, July 6, 2016 & July 28, 2016). Shallower drilling intercepted significant mineralization up to 250 meters southwest of the current Marathon resource pit shell and in the hanging wall of the deposit (Figure 1).