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Blind Creek Resources Signs Agreement to Purchase the AB Zinc Property, N.W.T.
Blind Creek Resources Signs Agreement to Purchase the AB Zinc Property, N.W.T. Can...
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[{"type":"text","content":"\n\n\n\nBlind Creek Resources Signs Agreement to Purchase the AB Zinc Property, N.W.T.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prngen3{\nBORDER-BOTTOM:black 0pt; TEXT-ALIGN: CENTER; BORDER-LEFT:black 0pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 27, 2017\n\n\n\nTSX Venture ExchangeTrading Symbol: \"BCK\"\n\n\n\nVANCOUVER, July 27, 2017 /CNW/ - Blind Creek Resources Ltd. (\"Blind Creek\" or the \"Company\") (TSX-V: \"BCK\") and Eagle Plains Resources Ltd. (\"Eagle Plains\") (TSX-V: \"EPL\") have executed a formal agreement whereby Blind Creek has the exclusive right to purchase a 100% undivided interest in the 3000 ha AB Zinc Property (the \"Property\") located 263 kilometres west of Norman Wells, N.W.T. Highly prospective for Mississippi Valley-Type (\"MVT\") Lead-Zinc deposition, previous exploration at the AB Property has located coincident geological, geochemical and geophysical features that may represent large buried mineralized systems.  \n\n\n \n \n\n \nUnder the terms of the agreement Blind Creek can acquire a 100% interest in the Property, subject only to the Eagle Plains NSR, by issuing to Eagle Plains 1,000,000 shares on TSX Venture Exchange acceptance of this Purchase and Sale Agreement, and a further 1,000,000 shares (for a total of 2,000,000 shares) on or before 30 months after Exchange acceptance. In the event that the Property is placed into Commercial Production, Eagle Plains shall be entitled to a royalty of 2% of net smelter returns, with a 1% buyback to 1% upon payment of $CDN1,000,000 to Eagle Plains, and a second option to purchase the remaining 1% NSR upon payment of...