ArcWest and Interra Copper Sign Letter of Intent to Negotiate an Earn-In and Joint Venture Agreement on ArcWest's Rip Copper-Molybdenum Porphyry Project, B.C.
ArcWest and Interra Copper Sign Letter of Intent to Negotiate an Earn-In and Joint Venture Agreement on ArcWest's Rip Copper-Molybdenum Porphyry Project, B.C.
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2023) - ArcWest Exploration Inc. (TSXV: AWX) ("ArcWest") is pleased to announce that it has entered into a non-binding letter of intent with Interra Copper Corp. ("Interra") to negotiate an earn-in and joint venture agreement on ArcWest's Rip porphyry copper-molybdenum (Cu-Mo) project ("the Project") in central British Columbia. A technical presentation for Rip is available for download here.
温哥华,不列颠哥伦比亚省-(Newsfile Corp.-2023年9月19日)-ArcWest Explore Inc.(多伦多证券交易所股票代码:AWX)(以下简称“ArcWest”)高兴地宣布,它已与Interra铜业公司(“Interra”)就ArcWest位于不列颠哥伦比亚省中部的Rip斑岩铜钼(铜钼)项目(“该项目”)谈判达成了一份不具约束力的意向书。RIP的技术演示文稿可在此处下载。
Rip Project Earn-In Agreement with Interra
与Interra签订的RIP项目进账协议
Under the terms of the letter of intent, Interra has a two-stage option to earn up to an 80% ownership interest in the Rip project over up to an 8-year period.
根据意向书的条款,Interra有两个阶段的选择权,可以在长达8年的时间内获得Rip项目高达80%的所有权权益。
To earn an initial 60% interest (the "First Tier Earn-in"), Interra is required to fund $2 million of work expenditures over a 4-year period and make staged cash and share payments to ArcWest totaling $100,000 and 1,050,000 shares, respectively. ArcWest will be the operator during the initial earn-in period.
为了赚取最初60%的利息(“第一层盈利”),Interra需要在4年内为200万美元的工作支出提供资金,并向ArcWest分期支付总计100,000美元和1,050,000股票的现金和股票。ArcWest将在最初的进账期间担任运营商。
Upon Interra earning such 60% interest, it can elect, at its sole discretion, to earn an additional 20% ownership interest in the Todd Creek project (for a total 80% interest; the "Second Tier Earn-in") by over a four year period, completing and delivering to ArcWest a Feasibility Study for the Property, in addition to making staged cash payments to ArcWest totaling $1,000,000 ($250,000 per year).
在Interra获得60%的权益后,它可以自行决定在四年内额外获得Todd Creek项目20%的所有权权益(总计80%的权益;“第二层收入”),完成并向ArcWest提交该物业的可行性研究,此外还向ArcWest支付总计1,000,000美元(每年250,000美元)的分阶段现金付款。
The Second Tier Earn-In period may be extended beyond its initial four year term by up to three years under the following conditions:
在下列情况下,第二层收入期限可在其最初的四年任期之后延长最多三年:
- Interra sole funding work expenditures of at least CAD $2,000,000 per extension year, and;
- Interra paying ArcWest CAD $100,000 per extension year in addition to the $250,000 required to be paid.
- Interra does acquire the Second Tier Earn-In, Interra and AWX will fund a joint venture company ("JVCo") in proportion to their interests held in JVCo (that is, 80% and 20% respectively), or dilute.
- Interra每个延期年度至少200万加元的独资工作支出,以及;
- 除了需要支付的250,000美元外,Interra还向ArcWest支付每延期一年100,000加元。
- Interra确实收购了第二层股权,Interra和AWX将按其在合资公司中的权益比例(即分别为80%和20%)出资成立一家合资公司(“合资公司”),或稀释。
In the event a production decision is made by the JVCo to place the Property into production, Interra shall arrange project financing for the JVCo, the repayment of which shall be made out of cash flows from the property.
如果合营公司作出投产决定,Interra应为合营公司安排项目融资,偿还款项应从该物业的现金流中支付。
If a Party dilutes to less than a 10% equity interest in JVCo, then that Party will forfeit its interest in JVCo in return for a 2.0% Net Smelter Returns Royalty interest, one percent of which may be purchased by the other Party for CAD $5,000,000 at any time. Any transfer of the royalty holder's interest to another person will be subject to a right of first offer in favor of the royalty payor.
若一方于合营公司的股权稀释至少于10%,则该方将放弃其于合营公司的权益,以换取2.0%的冶炼厂净收益权益,其中百分之一可由另一方随时以5,000,000加元购买。特许权使用费持有人的任何权益转让给另一个人,都将受到以特许权使用费支付人为受益人的第一要约权的约束。
Rip Project
RIP项目
ArcWest's 100%-owned Rip Project (2309 Hectares) is located 63 kilometers south of Houston and 79 kilometers southwest of Burns Lake in central B.C. The Rip Project is situated in Stikine Terrane in a prolific belt of Late Cretaceous (Bulkley Plutonic Suite) porphyry copper-molybdenum (Cu-Mo) deposits, which includes Imperial Metals' Huckleberry Mine, 33 kilometers to the southwest, presently on care and maintenance. In addition to the Huckleberry Mine, the Bulkley porphyry belt includes the Whiting Creek, Poplar, Seel and Ox Cu-Mo (gold-silver) deposits. The fully permitted Rip Project is road accessible from either Houston or Burns Lake.
ArcWest全资拥有的Rip项目(2309公顷)位于不列颠哥伦比亚省中部休斯敦以南63公里、伯恩斯湖西南79公里处。Rip项目位于Stikine Terrane,位于晚白垩世(Bulkley Pluonic Suite)斑岩铜钼矿多产带,其中包括Imperial Metals的Huckleberry矿,位于西南33公里处,目前正在进行维护和维护。除了Huckleberry矿,Bulkley斑岩带还包括怀廷克里克、白杨、Seel和Ox铜钼(金银)矿床。完全许可的Rip项目可以从休斯顿或伯恩斯湖通过道路到达。
The Rip Project covers the central axis of a 15 by 6 kilometer window of Early Jurassic Hazelton Group volcano-sedimentary rocks intruded by several small stocks of Late Cretaceous Bulkley Plutonic Suite porphyritic granodiorite. Faults bounding this block trend northwesterly and separate the Hazelton Group from surrounding blocks of younger (Late Cretaceous to Eocene) volcanics.
RIP项目覆盖了早侏罗世黑兹尔顿群火山沉积岩的中轴线,该窗口长15公里,宽6公里,由晚白垩世Bulkley深成套斑岩斑状花岗闪长岩的几个小岩群侵入。围绕这一地块的断层走向为西北方向,并将黑兹尔顿群与周围较年轻的(晚白垩世至始新世)火山岩块隔开。
The Rip target was initially advanced by Kennco Explorations between 1975 and 1981. Kennco completed an Induced Polarization survey in 1975 which delineated a significant chargeability high. Although Kennco stated "in the final analysis this area will require an extensive drilling program to determine whether a zone of economic mineralization exists within the sulfide system" (Dorval and Stevenson, 1976), it was tested only by a single, 294 meter-long diamond drill hole (at -45 degree inclination) in 1975. The drill hole intersected intensely quartz-sericite-pyrite (QSP) altered andesite and quartz diorite to a depth of 115 meters where the zone was cut off by a fault. The QSP altered zone above the fault averaged 0.07% Cu and 0.005% Mo over 70.3 meters (35.3-105.6m). The IP survey was extended in 1980, outlining the 0.8-1.5 by 2.2 kilometer chargeability high, and 36 shallow percussion drill holes totaling 1763 meters were completed (11 of the drill holes failed to reach bedrock). Logging of drill cuttings from these percussion holes delineated a zone of QSP alteration approximately corresponding to the chargeability high. A multi-element analysis of the core cuttings from 26 of the percussion holes in 1981 outlined a central 0.5 by 1.5 kilometer Cu-Mo anomaly coring a broad peripheral lead-zinc-arsenic-manganese anomaly, a geochemical zonation typical of porphyry copper systems. Although most of the Rip property is covered by glacial deposits, near the core of the Kennco chargeability anomaly a small (50 by 100 meter) area of outcrop and shallow trenches exposes strong multistage porphyry-style stockwork veining within altered Hazelton volcanics and feldspar-quartz porphyry. Early magnetite-chalcopyrite-pyrite 'A' veins with white K-feldspar (or albite) halos are cut by later quartz-chalcopyite-pyrite-molybdenite 'B' veins. Veining accompanies pervasive magnetite-biotite (potassic) alteration which is variably overprinted by quartz-sericite-pyrite (QSP). Multistage porphyry-style veining locally reaches strong stockwork density. Limited rock sampling of these outcrops in 2017-2018 (8 samples), returned 258-1490 parts per million (ppm) copper, 3-238 ppm molybdenum, 7-69 parts per billion gold, and 0.2-1.5 ppm silver. Deleterious elements occur at very low levels (e.g., zinc <77 ppm, lead <4 ppm, and arsenic <5 ppm).
Rip目标最初是由Kennco Explorations在1975至1981年间提出的。Kennco在1975年完成了一项激发极化调查,该调查描绘了一个显著的可充电性高。尽管Kennco说“归根结底,这一地区将需要广泛的钻探计划,以确定硫化物系统中是否存在经济矿化带”(Dorval和Stevenson,1976),但它在1975年只接受了一个294米长的钻石钻孔(倾角为-45度)的测试。钻孔穿过强烈的石英绢云母黄铁矿(QSP)蚀变安山岩和石英闪长岩,深度达115米,该带被断层切断。断裂上方QSP蚀变带平均含铜0.07%,含钼0.005%。1980年扩大了激电测量,圈定了0.8-1.5×2.2公里的可充电高度,完成了36个浅层冲击钻孔,共计1763米(其中11个钻孔未能到达基岩)。从这些冲击井中采集的钻屑测井圈定了一条QSP蚀变带,大致对应于高可充电性。1981年,对26个冲击孔的岩心岩屑进行了多元素分析,勾勒出中央0.5×1.5公里的铜钼异常,其核心是广泛的外围铅锌砷锰异常,这是典型的斑岩铜系统的地球化学分带。尽管Rip的大部分财产被冰川沉积覆盖,但在Kennco充电性异常核心附近,一小块(50米乘100米)的露头和浅壕沟暴露出蚀变的黑兹尔顿火山岩和长石-石英斑岩中强烈的多阶段斑岩风格的网脉。早期具有白色钾长石(或钠长石)晕的磁铁矿-黄铜矿-黄铁矿-黄铁矿‘A’脉被晚期的石英-黄铜矿-黄铁矿-辉钼矿‘B’脉切割。脉化伴随着普遍存在的磁铁矿-黑云母(钾质)蚀变,这种蚀变不同程度地被石英-绢云母-黄铁矿(QSP)叠加。局部多期斑岩型脉体达到较强的网纹密度。2017-2018年对这些露头进行了有限的岩石采样(8个样本),返回了百万分之258-1490的铜、百万分之3-238的钼、百万分之7-69的黄金和百万分之0.2-1.5的银。有害元素的含量很低(例如,锌
Tyler Ruks, President and CEO of ArcWest commented, "ArcWest views the Rip Project as containing a highly underexplored porphyry copper system and is looking forward to working with Interra to advance the project."
ArcWest首席执行官兼首席执行官泰勒·鲁克斯表示:“ArcWest认为Rip项目包含一个勘探程度极低的斑岩铜矿系统,并期待着与Interra合作推进该项目。
The Proposed Transaction is subject to receipt of all necessary regulatory approvals including approval of the TSX Venture Exchange.
拟议的交易还有待收到所有必要的监管批准,包括多伦多证券交易所创业板的批准。
Change of CFO
更换首席财务官
Effective September 30, 2023, Rebecca Moriarity, CPA, will be replacing John Meekison as CFO of the Company, who has resigned to pursue other interests. We thank Mr. Meekison for his time and dedication to ArcWest and wish him well in his future endeavours.
从2023年9月30日起,注册会计师丽贝卡·莫里亚蒂将接替约翰·米克森担任公司首席财务官,后者已辞职以追求其他利益。我们感谢米克森先生为ArcWest抽出时间和奉献精神,并祝愿他在今后的工作中一切顺利。
ArcWest's corporate and project specific technical presentations are available for download from .
ArcWest的公司和项目特定技术演示文稿可从下载。
References
参考文献
Dorval, D.P., Stevenson, R.W. (1976): Report on Induced Polarization-Resistivity and Magnetometer Survey, RIP NOS. 1 and 2 Mineral Claims, January 30, 1976. B.C. Assessment Report 5818.
杜瓦尔,史蒂文森,R.W.(1976):激发极化--电阻率和磁强计测量报告,RIP NOS。1和2矿物索赔,1976年1月30日。卑诗省评估报告5818。
QA/QC Statement
QA/QC声明
Assays from historical exploration programs on the Rip Property have not been verified by ArcWest but have been cited from sources believed to be reliable. Rock samples cited in the text were collected from variably mineralized and altered rock in order to help characterize the tenor of different styles of mineralization. The samples comprise representative grabs from outcrops and locally derived subcrop. Samples were collected in plastic sample bags and sealed with plastic zip ties. Sample locations were recorded by GPS. Samples were bundled in security sealed rice bags and trucked to ALS Minerals laboratory in North Vancouver.
来自Rip地产历史勘探项目的分析尚未得到ArcWest的证实,但引用了据信可靠的消息来源。正文中引用的岩石样本是从不同矿化和蚀变岩石中收集的,以帮助描述不同类型矿化的主旨。样品包括从露头和当地衍生的次作物中具有代表性的抓取。样本被收集在塑料样品袋中,并用塑料拉链密封。样本位置由GPS记录。样本被捆绑在安全密封的大米袋中,并用卡车运往北温哥华的ALS Minerals实验室。
At the laboratory, the samples were dried, crushed and pulverized using standard rock preparation procedures. The pulps were then analyzed for Au using a 30 gram fire assay with ICP-AES finish and for 35 elements by ICP-AES. Aqua regia digestion was utilized for the ICP analyses. Aqua Regia is not a whole rock digestion and may underestimate molybdenum values in particular. Quality control at the laboratory is maintained by submitting blanks, standards and re-assaying duplicate samples from each analytical batch.
在实验室,使用标准的岩石准备程序将样品干燥、粉碎和粉碎。然后用30克的火试金和电感耦合等离子体发射光谱仪分析牙髓中的金,并用电感耦合等离子体发射光谱分析35种元素。采用王水消化法进行电感耦合等离子体分析。王水并不是全岩消化,可能特别低估了钼的价值。实验室的质量控制是通过提交空白、标准和重新分析每个分析批次的重复样品来维持的。
About ArcWest Exploration Inc.
关于ArcWest Explore Inc.
ArcWest Exploration is a project generator focused on porphyry copper-gold exploration opportunities throughout western North America. The company is in possession of seven 100% owned copper-gold projects throughout BC's premier porphyry copper-gold districts. These include ArcWest's Todd Creek and Oweegee Dome projects, which are two of the largest and most prospective land positions for copper-gold exploration in BC's prolific Golden Triangle. Oweegee Dome neighbours Seabridge Gold's supergiant KSM-Iron Cap-Snowfield porphyry copper-gold deposit and Todd Creek adjoins Pretium's Brucejack mine property. In March of 2022, Newcrest Mining completed the acquisition of Pretium and its high grade Brucejack gold-silver mine in a transaction valued at $3.5 billion. Three ArcWest projects are currently being advanced by partners through earn-in and joint venture agreements; this includes an agreement with mining giant Freeport-McMoRan to advance ArcWest's 100% owned Todd Creek copper-gold project. By conducting partner funded exploration on multiple exploration projects simultaneously, ArcWest's chances of discovery are enhanced while exposing shareholders to minimal dilution. The company is managed by an experienced technical team with a track record of discovery and a reputation for attracting well-funded senior partners, including Freeport McMoRan, Robert Friedland group companies, ITOCHU, Antofagasta and Teck.
ArcWest Explore是一家专注于北美西部斑岩铜金矿勘探机会的项目开发商。该公司在不列颠哥伦比亚省首屈一指的斑岩铜金矿地区拥有七个100%拥有的铜金项目。这些项目包括ArcWest的Todd Creek和Oweegee Dome项目,这两个项目是不列颠哥伦比亚省多产的金三角地区最大、最有前景的铜金勘探地块。Oweegee Dome毗邻Seabbridge Gold的超大型KSM-Iron Cap-Snowfield斑岩铜金矿床,Todd Creek毗邻Pretium的Brucejack矿场。2022年3月,Newcrest矿业完成了对Pretium及其高品位Brucejack金银矿的收购,交易价值35亿美元。三个ArcWest项目目前正在由合作伙伴通过增持和合资协议进行推进;其中包括与矿业巨头自由港-麦克莫兰公司达成的一项协议,以推进ArcWest 100%拥有的Todd Creek铜金矿项目。通过同时对多个勘探项目进行合作伙伴资助的勘探,ArcWest的发现机会增加,同时将股东的股权稀释降至最低。该公司由一支经验丰富的技术团队管理,他们有发现的记录,并以吸引资金雄厚的高级合作伙伴而闻名,其中包括自由港麦克莫兰、罗伯特·弗里德兰集团公司、ITOCHU、安托法加斯塔和泰克。
For further information please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695.
欲了解更多信息,请联系:泰勒·鲁克斯,总裁,首席执行官,电话:+1(604)6383695。
Qualified Person
有资格的人
ArcWest's disclosure of a technical or scientific nature in this news release has been reviewed and approved by John Bradford, Msc PGeo, Technical Advisor, who serves as a Qualified Person under the definition of National Instrument 43-101.
ArcWest在本新闻稿中披露的技术或科学性质已得到MSC PGeo技术顾问John Bradford的审查和批准,他是National Instrument 43-101定义下的合格人员。
Investors are cautioned that ArcWest Exploration Inc. has not verified the data from the Huckleberry, Whiting Creek, Poplar, Seel and Ox deposits. Further, the presence and style of mineralization on these properties is not necessarily indicative of similar mineralization on the ArcWest Exploration Inc. property. Historical assays from exploration programs on its properties have not been verified by ArcWest but have been cited from sources believed to be reliable.
投资者需要注意的是,ArcWest Explore Inc.尚未核实哈克贝利、怀特克里克、白杨、Seel和Ox矿藏的数据。此外,这些地产上矿化的存在和风格并不一定表明ArcWest Explore Inc.地产上的类似矿化。ArcWest尚未证实勘探项目对其资产的历史分析,但引用了据信可靠的消息来源。
This news release contains statements about ArcWest's expectations and are forward-looking in nature. As a result, they are subject to certain risks and uncertainties. Although ArcWest believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and ArcWest undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
本新闻稿包含有关ArcWest公司预期的陈述,具有前瞻性。因此,它们受到一定的风险和不确定性的影响。尽管ArcWest认为这些前瞻性陈述中反映的预期是合理的,但不应过分依赖它们,因为实际结果可能与前瞻性陈述大不相同。本新闻稿中包含的前瞻性陈述是截至本文发布之日作出的,除非法律要求,否则ArcWest没有义务公开更新或修改任何前瞻性陈述或信息。
To view the source version of this press release, please visit
要查看本新闻稿的源版本,请访问