Blind Creek Resources Receives Class 4 Quartz Mining Act and Land Use Permits for Blende Zn-Pb-Ag Property, Yukon
TSX VENTURE: EAU
VANCOUVER, March 20, 2018 /CNW/ - (TSX-V: BCK) – Blind Creek Resources Ltd. ("Blind Creek" or the "Company") is pleased to announce the Company's applications for a 5-Year Class 4 Quartz Mining Land Use Approval (or "Class 4 QMLUA") to provide for exploration activities at the Company's 100%-owned Blende Zn-Pb-Ag Property (or the "Property"), situated 64 km northeast of Keno Hill, Yukon, and a 2-Year Land Use Permit (or "LUP") to allow for Property road access by the Wind River Winter Trail, have been approved by the Yukon Department of Energy, Mines and Resources, subject to certain conditions.
Class 4 Quartz Mining Land Use Approval Provides for Large Exploration Effort
The Class 4 QMLUA allows Blind Creek, amongst other things, to construct a 50-man exploration camp, store fuel on site, develop up to 15 km of new roads, upgrade up to 30 km of existing roads, construct an air strip and drill up to 400 diamond drill holes on the Property over the next 5 years, subject to certain conditions.
Blind Creek has elected to progressively provide reclamation security as specified by the Chief of Mining Lands and submit an annual Access Management and Reclamation Plan for review and approval on an annual basis, prior to initiating surface disturbance at the Blende Property. In each subsequent year, the security requirement will be reviewed and adjusted according to additional activities proposed for the season and reclamation completed in the previous season.
Blende Property Winter Trail Access Provided by 2-Year Land Use Permit
The Wind River Winter Trail passes within 11 km of Blind Creek's Blende Property (view map) and was previously used by the Company to transport drill rigs, a D6 Bulldozer, fuel, exploration related and camp building material to the Property in 2006. The recently received 2-Year LUP provides Blind Creek the ability to use the Wind River Winter Trail once again for similar purposes to access the Blende Property and staging area at McQuesten Lake during winter months, subject to certain terms and conditions.
ATAC/Barrick 65 km Rau Project Access Tote Road Proposal
Portions of the Wind River Winter Trail used to access Blind Creek's Blende Property from Mayo are included in the proposed 65 km all-season Rau Project access tote road recently approved in an agreement between the Government of Yukon and the First Nation of Na-Cho Nyäk Dun (Please see Government of Yukon News Release dated March 5, 2018). This is a significant positive development for exploration and mining in the region. Blind Creek has no formal relationship, negotiations or agreement in place with any related party to use the all-season tote road, if and when it is developed, however the Company will closely monitor developments and explore any all-season Blende Property access opportunities when appropriate.
"The acquisition of the Class 4 QMLUA and Land Use permit for the Blende Property and the recently announced Rau Project tote road access agreement are significant developments for Blind Creek", states Brian Fowler, P.Geo. and President of Blind Creek. "The Company is currently awaiting the completion of the Blende maiden NI 43-101 Mineral Resource Estimate (currently in preparation by Moose Mountain Technical Services) and is positioning to conduct a large exploration effort at Blende in 2018."
About Blind Creek Resources Ltd.
Blind Creek is a Vancouver-based junior resource company focused on lead-zinc-silver project acquisition, exploration and development in Yukon (Blende Property) and the Northwest Territories (AB Property). The Company's flagship property is the Blende Property in north-central Yukon, the largest undeveloped carbonate-hosted Zinc-Lead-Silver deposit in Yukon. More recently the company has signed an agreement to acquire a 100% interest in the AB Property, a mid-stage Mississippi Valley (MV-Type) Zinc-Lead exploration property in Northwest Territories and announced its intention to spin out its 100%-owned, historic and fully-permitted Engineer Gold Mine Property, situated 32 km southwest of Atlin, B.C.
For additional information please visit the company website www.blindcreekresources.com.
On behalf of the Board of Directors,
Mr. Brian P. Fowler, P.Geo.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Blind Creek Resources Ltd. which may cause actual results, performance or achievements of Blind Creek Resources Ltd to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.