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Drilling Starts at Teeta Creek, Funded by Partner Teck Resources Limited; Additional 2021 Partner Funded Drilling Scheduled for Todd Creek, Oxide Peak and Eagle Porphyry Copper-Gold Projects
Vancouver, British Columbia--(Newsfile Corp. - January 27, 2021) - ArcWest Exploration Inc. (T...
About this update from Arcwest Exploration Inc.
[{"type":"text","content":"Drilling Starts at Teeta Creek, Funded by Partner Teck Resources Limited; Additional 2021 Partner Funded Drilling Scheduled for Todd Creek, Oxide Peak and Eagle Porphyry Copper-Gold ProjectsVancouver, British Columbia--(Newsfile Corp. - January 27, 2021) - ArcWest Exploration Inc. (TSXV: AWX) (\"ArcWest\") is pleased to provide an update on partner funded exploration activities. Drilling has commenced at its Teeta Creek porphyry copper-molybdenum-gold project, funded by partner Teck Resources Ltd. Exploration commitments for 2021 include partner funded drilling at its Todd Creek, Oxide Peak and Eagle porphyry copper-gold projects, with potential for partner funded drilling at its NVI project.Tyler Ruks, President and CEO of ArcWest, commented, \"ArcWest is pleased to announce that at least four of its British Columbia porphyry copper-gold projects will undergo partner funded drill tests in 2021. This includes a first phase drill test of our Teeta Creek porphyry copper-molybdenum-gold project, funded by partner Teck Resources Ltd., which has now commenced. The company is in advanced stage negotiations for earn-in and joint venture agreements on additional projects. If these transactions proceed to completion, it is anticipated that ArcWest will be announcing additional 2021 partner funded drill programs in the near term. ArcWest thanks its partners for persevering with existing earn-in agreements and is hopeful for a discovery in 2021. The company is actively evaluating base and precious metals exploration opportunities throughout western North America for potential acquisition.\"ArcWest's recently updated corporate presentation is available for download here. ArcWest's recently updated technical presentation is available for download here.Details regarding the Teeta Creek, NVI and Oxide Peak earn-in and joint venture agreements can be found in ArcWest 2019 press releases dated October 15th, December 20th and December 23rd, respectively. Details regarding the Todd Creek and Eagle earn-in and joint venture agreements can be found in ArcWest 2020 press releases dated July 9th, and October 5th, respectively.Teeta CreekDrilling has commenced at ArcWest's 100% owned Teeta Creek porphyry Cu-Mo-Au project in northern Vancouver Island, funded and operated by partner Teck Resources Limited (\"Teck\"). This first phase program will compris...