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Tulsequah Chief owner pushed into receivership; environmental issues remain

Tulsequah Chief owner pushed into receivership; environmental issues remain

The owner of the mothballed Tulsequah Chief zinc mine in far northwestern British Columbia was pushed into receivership this week by its major lender, according to court documents and a receiver’s report. The action raises questions about when and how a decades-old problem with acid mine drainage flowing into the Taku…

Copper Fox Announces 2016 Schaft Creek Program

Copper Fox Announces 2016 Schaft Creek Program

Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to provide its shareholders with an outline of the 2016 program planned for the Schaft Creek project located in northwestern British Columbia. Highlights:     Estimated cost of the 2016 program is approximately $0.7 million,     Resource…

Homestake Purchases Teck Resources Ltd. Royalty On Homestake Ridge Property, BC

Homestake Purchases Teck Resources Ltd. Royalty On Homestake Ridge Property, BC

Homestake Resource Corporation (“Homestake” or the “Company”) has closed a purchase agreement with Teck Resources Ltd. (“Teck”) to purchase a 2% net smelter return royalty and ancillary rights on mineral claims forming a portion of the Homestake Ridge property in British Columbia. The royalty was created in 2003 when Homestake…

Chieftain Enters Into Forbearance Agreement And Appoints Financial Advisor For A Strategic Review

Chieftain Enters Into Forbearance Agreement And Appoints Financial Advisor For A Strategic Review

On May 10, 2016, Chieftain Metals Corp. (TSXV: CFB), (“Chieftain” or “The Corporation”), its wholly owned subsidiary, Chieftain Metals Inc. and an investment fund advised by West Face Capital Inc. (“West Face”) entered into a Forbearance Agreement pursuant to which West Face agreed not to exercise its rights under its…

Great Bear Rainforest Agreement

Great Bear Rainforest Agreement

From AMEBC Situation On February 1, 2016, the government of BC and representatives from First Nations, environmental groups and the coastal forest industry celebrated an agreement about land designations along the north and central Coast of BC, referred to as the Great Bear Rainforest. The agreement protects 85% of the…

Non-profit puts British Columbia geological data into the public domain

Non-profit puts British Columbia geological data into the public domain

by Greg Klein | January 26, 2016 A deeper understanding—literally—of some 6,700 square kilometres of northwestern British Columbia has come available not only to professionals but also to the public. Land use planners and local communities, as well as geologists and geophysicists, can benefit from a newly released Geoscience B.C.…

BCGold Corp. Amends Property Agreement with Guardsmen Resources Inc

BCGold Corp. Amends Property Agreement with Guardsmen Resources Inc

BCGold Corp. (“BCGold”) is pleased to announce that the Company and Guardsmen Resources Inc. (“Guardsmen”) have amended the Gold Hill Option Agreement entered into on September 30, 2010 (see news release dated October 4, 2010), and subsequently amended on August 25, 2013 and September 29th, 2014, (see news releases dated…

Adanac Molybdenum Enters Non-Binding Letter of Intent for Sale of Company and Distribution to Shareholders

Adanac Molybdenum Enters Non-Binding Letter of Intent for Sale of Company and Distribution to Shareholders

Adanac Molybdenum Corporation (“Adanac” or the “Company”) (TSX-V: AUA.V) announces that is has entered into a letter of intent (the “Letter of Intent”) with Whitebox Advisors, LLC (“Whitebox”), which acts as investment advisor for several significant shareholders of the Company. The Letter of Intent sets out the intention of the…

Colorado and Centerra Partner to Advance the Heart Peaks (HP) Gold Project

Colorado and Centerra Partner to Advance the Heart Peaks (HP) Gold Project

COLORADO RESOURCES LTD. (TSX-V: CXO) (“Colorado” or the “Company”) announces that it has entered into an option agreement (“the Agreement”) with Centerra Gold Inc. (“Centerra”) whereby Centerra can earn a 70 % interest in the Heart Peaks (HP) Gold Project through making exploration expenditures totalling CAD$8.0 million by December 31,…