Schaft Creek 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.
Copper Fox Announces Update on Mineral Mountain Copper Project in Arizona 2016-09-02
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 2, 2016) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide an update on the Mineral Mountain copper project located approximately 15 miles east of Florence, Arizona.
Schaft Creek News
Copper Fox Annnounces 2015 Schaft Creek Program 2015-03-17
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 17, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to provide its shareholders an outline of the 2015 program on the Schaft Creek Joint Venture project located in northwestern, British Columbia. In 2014 the Schaft Creek Joint Venture commenced a series of Optimization studies on the Schaft Creek project. The objectives of the 2015 program are to continue these Optimization studies and to test the LaCasse copper-gold mineralization located in 2014. Highlights of the 2015 program are outlined below.
Schaft Creek Information
General 2015-05-10The Schaft Creek Project was extensively explored and drilled by several mining companies since its discovery in the late 1950's culminating with the completion of a pre-feasibility study by Teck-Cominco Corp. (now Teck Resources Limited) in the early 1980s. In 2002, Copper Fox Metals Inc. secured the rights to acquire a 100% working interest in the project pursuant to an Option Agreement with Teck Resources Limited ("Teck") and related underlying agreements. Copper Fox has since earned a 100% working interest in the project (subject to the terms and conditions of the Option Agreement and an earn-back Option held by Teck) and has incurred expenditures of approximately $63.6 million to the end of July 2011.
Nearby Location News
Skeena Intersects 16 g/t Gold Over 4.7 Metres at Snip 2016-10-03
VANCOUVER, BC--(Marketwired - October 03, 2016) - Skeena Resources Limited (
TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce assay results from 6 new holes drilled at the past-producing Snip high-grade gold project ("Snip") located in the Golden Triangle of northwest British Columbia. Highlights include 16.01 g/t Au over 4.7 metres, including 37.7 g/t Au over 1.65 metres in hole S-16-11 which, along with hole S-16-12, were targeted in an area below the Twin West underground workings, where limited historic production totaled approximately 10,000 tonnes at an average grade of 18.8 g/t gold (see Section 3600E below). Intercepts on these new holes indicate continuity with several historical intersections including 57.3 g/t Au over 1.3 metres, 34.7 g/t Au over 3.7 metres, and 34.8 g/t Au over 2.1 metres.
Pretium looks to Brucejack blue sky 2016-09-15Stepping out may yield further resource growth
Skeena Intersects 31 g/t Gold Over 4.5 Metres at Snip 2016-09-14
VANCOUVER, BC--(Marketwired - September 14, 2016) - Skeena Resources Limited (
TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce results from the first 8 holes of its 6,000 metre drill program at the past-producing Snip high-grade gold project ("Snip Project") located in the Golden Triangle of northwest British Columbia. Highlights include a wide interval in S-16-06 which occurs approximately 200 metres into the footwall below the historic Twin Zone mine production area, and averages 16.24 g/t Au over 13.5 metres including 30.99 g/t Au over 4.5 metres. This intersection remains open and untested up dip. In addition, historic intersections on adjoining sections, that were never exploited by past producers, indicate the potential to expand on this interval with additional drilling.
Spectrum, Canada: 73m grading 0.97g/t Au, 0.26% Cu and 1.2g/t Ag from 199m depth (S16-077) 2016-08-25
Skeena Releases Drill Results From Spectrum & Commences Drilling at Snip 2016-08-24
VANCOUVER, BC--(Marketwired - August 24, 2016) - Skeena Resources Limited (
TSX VENTURE: SKE) ("Skeena" or the "Company") is pleased to announce initial drill results from the Spectrum gold-copper project ("Spectrum") and the commencement of drilling at the Snip gold project ("Snip"), both located in the Golden Triangle of northwest British Columbia.