Business
ArcWest Signs Earn-in Agreement with Freeport-McMoRan Mineral Properties Canada Inc. to Advance ArcWest's Todd Creek Copper-Gold Project, Located in BC's Golden Triangle
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2023) - ArcWest Exploration Inc. (TSXV: ...
About this update from Arcwest Exploration Inc.
[{"type":"text","content":"ArcWest Signs Earn-in Agreement with Freeport-McMoRan Mineral Properties Canada Inc. to Advance ArcWest's Todd Creek Copper-Gold Project, Located in BC's Golden TriangleVancouver, British Columbia--(Newsfile Corp. - March 10, 2023) - ArcWest Exploration Inc. (TSXV: AWX) (\"ArcWest\") is pleased to announce that it has entered into an earn-in agreement with Freeport-McMoRan Mineral Properties Canada Inc. (\"Freeport\") to advance ArcWest's Todd Creek copper-gold (Cu-Au) project (Fig. 1), located in BC's Golden Triangle (the \"Todd Creek project\"). ArcWest's 100% owned Todd Creek project adjoins Newcrest Mining's Brucejack mine property (Fig. 2); in March 2022, Newcrest acquired Pretium Resources and its Brucejack mine in a transaction valued at CAD $3.5 billion. The Todd Creek project is also situated approximately 40 km southeast of Seabridge Gold's giant KSM-Iron Cap porphyry Cu-Au deposits and Tudor Gold's Treaty Creek Au-Ag-Cu project. Collectively, the KSM-Iron Cap and Treaty Creek deposits represent one of the largest Au-Cu concentrations in North America. Contained metal within Proven plus Probable Reserves at KSM-Iron Cap total 38.8 million ounces (oz) Au, 183 million oz Ag and 10.2 billion pounds of copper (www.seabridgegold.com). Tudor has released a measured plus indicated resource estimate for Treaty Creek totaling 17 million oz Au and 93 million oz Ag (www.tudor-gold.com). A technical presentation for the Todd Creek project is available for download here.Tyler Ruks, President and CEO of ArcWest, commented, \"ArcWest looks forward to advancing our Todd Creek project in partnership with Freeport, one of the world's largest copper miners and a team with a track record of global copper-gold discoveries that have proceeded to mine development. ArcWest's Todd Creek project is host to one of the largest underexplored copper-gold systems in BC's Golden Triangle, and Freeport's endorsement of the project is a testament to its potential for hosting a world class copper-gold deposit. ArcWest is in discussions with multiple mining companies regarding potential earn-in agreements for our additional copper-gold projects.\"Todd Creek Project Earn-In Agreement with Freeport Under the terms of the earn-in agreement, Freeport has a two-stage option to earn up to an 80% ownership interest in the Todd Creek project over up to a 10-year...