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Central Timmins Exploration Corp. Options Todd Creek Property in Golden Triangle
Central Timmins Exploration Corp. Options Todd Creek Property in Golden Triangle C...
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[{"type":"text","content":"\n\n\n\nCentral Timmins Exploration Corp. Options Todd Creek Property in Golden Triangle\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, July 9, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n TORONTO, July 9, 2020 /CNW/ - Central Timmins Exploration Corp. (\"CTEC\" or the \"Company\") (TSXV: CTEC) reports that, subject to regulatory approval, it has signed an option agreement with ArcWest Exploration Inc. (\"ArcWest\"), an arm's length TSX Venture Exchange listed company, to acquire up to a 70% interest in the Todd Creek Property, located within the Golden Triangle in northwest British Columbia.\n\n \n \n \n \n \n \n\n \nTodd Creek\nThe Todd Creek Property consists of 69 mineral tenures that cover an area of over 32,000 hectares, located approximately 35 kilometers northeast of Stewart, BC and bordering the eastside of Pretium Resources Inc.'s Bowser Claims.  Highway 37A connecting Stewart to Highway 37 and the transmission line providing power to Stewart pass through the southern portion of the property.\nThe western side of the Todd Creek Property covers a 12-kilometer by 3-kilometer corridor of altered lower Jurassic volcanic rocks which host at least four zones of gold-copper mineralization, known as Fall Creek, Ice Creek, Yellow Bowl and South zones.  These zones are found in the same stratigraphy that hosts the nearby Brucejack, Snowfield, and Goldstorm deposits.  On the eastern side of the property, a zone of VMS mineralization has been discovered in the Iskut River formation, which is the same formation that hosts the Eskay Creek deposit.\nHistorically, Newmont Mining Corporation discovered epithermal copper-gold mineralization at the South zone in 1959.  In the late 1980s, a joint venture led by Noranda drilled several zones on the property which returned significant gold mineralization.  These intersections included 7....