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
Pilot Gold - RC Drill Results, Goldstrike Oxide Gold Project - Utah 2016-10-06
PGS104: 67.1 m grading 0.86 g/t Au, including 15.2 m grading 2.35 g/t Au
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.
General 2015-05-10Since its discovery in 2007, the Kestane porphyry zone at Halilaga expanded rapidly through drilling, which returned significant thicknesses of copper-gold mineralization extending over a strike length of 1,200 metres and a width of up to 850 metres, with drill intercepts ranging over 600 metres. Drill hole HD-01 returned 0.50 g/t gold and 0.53% copper over 298.2 metres from surface, including 1.03 g/t gold and 1.03% copper over 105.4 metres.
Nearby Location News
Pilot Gold Doubles Mineralized Footprint at TV Tower 2015-10-20
Drilling intersects up to 4.5% supergene copper
Pilot Gold Reports Metallurgical Results From Valley Porphyry at TV Tower 2015-09-17
Mineralization amenable to flotation processing with concentrate grades up to 40% copper and 84 g/t gold
Pilot Gold Hits 0.75% Copper & 0.22 g/t Gold (1.51 g/t AuEq) Over 58.5 Metres at TV Tower 2015-03-10
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 10, 2015) - Pilot Gold Inc. (TSX:PLG) ("Pilot Gold" or the "Company") is pleased to announce the final results from the 2014 exploration program at TV Tower. The property has delivered five gold, silver and copper-gold discoveries over the past 4 years, and hosts numerous untested targets.