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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.

ArcWest和Interra Copper簽署意向書,就不列顛哥倫比亞省ArcWest的Rip Copper-Moloyry Porphyry項目談判盈利和合資協議
newsfile ·  2023/09/19 20:30

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.

溫哥華,不列顛哥倫比亞省-(Newsfile Corp.-2023年9月19日)-ArcWest Explore Inc.(多倫多證券交易所股票代碼:AWX)(以下簡稱“ArcWest”)高興地宣佈,它已與Interra銅業公司(“Interra”)就ArcWest位於不列顛哥倫比亞省中部的Rip斑岩銅鉬(銅鉬)專案(“該專案”)談判達成了一份不具約束力的意向書。RIP的技術演示文稿可在此處下載。

Rip Project Earn-In Agreement with Interra

與Interra簽訂的RIP專案進賬協定

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.

根據意向書的條款,Interra有兩個階段的選擇權,可以在長達8年的時間內獲得Rip專案高達80%的所有權權益。

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.

為了賺取最初60%的利息(“第一層盈利”),Interra需要在4年內為200萬美元的工作支出提供資金,並向ArcWest分期支付總計100,000美元和1,050,000股票的現金和股票。ArcWest將在最初的進賬期間擔任運營商。

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獲得60%的權益後,它可以自行決定在四年內額外獲得Todd Creek專案20%的所有權權益(總計80%的權益;“第二層收入”),完成並向ArcWest提交該物業的可行性研究,此外還向ArcWest支付總計1,000,000美元(每年250,000美元)的分階段現金付款。

The Second Tier Earn-In period may be extended beyond its initial four year term by up to three years under the following conditions:

在下列情況下,第二層收入期限可在其最初的四年任期之後延長最多三年:

  • 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每個延期年度至少200萬加元的獨資工作支出,以及;
  • 除了需要支付的250,000美元外,Interra還向ArcWest支付每延期一年100,000加元。
  • Interra確實收購了第二層股權,Interra和AWX將按其在合資公司中的權益比例(即分別為80%和20%)出資成立一家合資公司(“合資公司”),或稀釋。

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.

如果合營公司作出投產決定,Interra應為合營公司安排專案融資,償還款項應從該物業的現金流中支付。

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.

若一方於合營公司的股權稀釋至少於10%,則該方將放棄其於合營公司的權益,以換取2.0%的冶煉廠淨收益權益,其中百分之一可由另一方隨時以5,000,000加元購買。特許權使用費持有人的任何權益轉讓給另一個人,都將受到以特許權使用費支付人為受益人的第一要約權的約束。

Rip Project

RIP專案

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全資擁有的Rip專案(2309公頃)位於不列顛哥倫比亞省中部休斯敦以南63公里、伯恩斯湖西南79公里處。Rip專案位於Stikine Terrane,位於晚白堊世(Bulkley Pluonic Suite)斑岩銅鉬礦多產帶,其中包括Imperial Metals的Huckleberry礦,位於西南33公里處,目前正在進行維護和維護。除了Huckleberry礦,Bulkley斑岩帶還包括懷廷克裡克、白楊、Seel和Ox銅鉬(金銀)礦床。完全許可的Rip專案可以從休斯頓或伯恩斯湖通過道路到達。

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專案覆蓋了早侏羅世黑茲爾頓群火山沉積巖的中軸線,該窗口長15公里,寬6公里,由晚白堊世Bulkley深成套斑岩斑狀花崗閃長巖的幾個小巖群侵入。圍繞這一地塊的斷層走向為西北方向,並將黑茲爾頓群與周圍較年輕的(晚白堊世至始新世)火山岩塊隔開。

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目標最初是由Kennco Explorations在1975至1981年間提出的。Kennco在1975年完成了一項激發極化調查,該調查描繪了一個顯著的可充電性高。儘管Kennco說“歸根結底,這一地區將需要廣泛的鑽探計劃,以確定硫化物系統中是否存在經濟礦化帶”(Dorval和Stevenson,1976),但它在1975年只接受了一個294米長的鑽石鑽孔(傾角為-45度)的測試。鑽孔穿過強烈的石英絹雲母黃鐵礦(QSP)蝕變安山石和石英閃長巖,深度達115米,該帶被斷層切斷。斷裂上方QSP蝕變帶平均含銅0.07%,含鉬0.005%。1980年擴大了激電測量,圈定了0.8-1.5×2.2公里的可充電高度,完成了36個淺層沖擊鑽孔,共計1763米(其中11個鑽孔未能到達基岩)。從這些沖擊井中採集的鑽屑測井圈定了一條QSP蝕變帶,大致對應於高可充電性。1981年,對26個沖擊孔的岩心岩屑進行了多元素分析,勾勒出中央0.5×1.5公里的銅鉬異常,其核心是廣泛的外圍鉛鋅砷錳異常,這是典型的斑岩銅系統的地球化學分帶。儘管Rip的大部分財產被冰川沉積覆蓋,但在Kennco充電性異常核心附近,一小塊(50米乘100米)的露頭和淺壕溝暴露出蝕變的黑茲爾頓火山岩和長石-石英斑岩中強烈的多階段斑岩風格的網脈。早期具有白色鉀長石(或鈉長石)暈的磁鐵礦-黃銅礦-黃鐵礦-黃鐵礦‘A’脈被晚期的石英-黃銅礦-黃鐵礦-輝鉬礦‘B’脈切割。脈化伴隨著普遍存在的磁鐵礦-黑雲母(鉀質)蝕變,這種蝕變不同程度地被石英-絹雲母-黃鐵礦(QSP)疊加。局部多期斑岩型脈體達到較強的網紋密度。2017-2018年對這些露頭進行了有限的岩石採樣(8個樣本),返回了百萬分之258-1490的銅、百萬分之3-238的鉬、百萬分之7-69的黃金和百萬分之0.2-1.5的銀。有害元素的含量很低(例如,鋅

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首席執行官兼首席執行官泰勒·魯克斯表示:“ArcWest認為Rip專案包含一個勘探程度極低的斑岩銅礦系統,並期待著與Interra合作推進該專案。

The Proposed Transaction is subject to receipt of all necessary regulatory approvals including approval of the TSX Venture Exchange.

擬議的交易還有待收到所有必要的監管批准,包括多倫多證券交易所創業板的批准。

Change of CFO

更換首席財務官

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.

從2023年9月30日起,註冊會計師麗貝卡·莫裡亞蒂將接替約翰·米克森擔任公司首席財務官,後者已辭職以追求其他利益。我們感謝米克森先生為ArcWest抽出時間和奉獻精神,並祝願他在今後的工作中一切順利。

ArcWest's corporate and project specific technical presentations are available for download from .

ArcWest的公司和項目特定技術演示文稿可從下載。

References

參考文獻

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.

杜瓦爾,史蒂文森,R.W.(1976):激發極化--電阻率和磁強計測量報告,RIP NOS。1和2礦物索賠,1976年1月30日。卑詩省評估報告5818。

QA/QC Statement

QA/QC聲明

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.

來自Rip地產歷史勘探專案的分析尚未得到ArcWest的證實,但引用了據信可靠的消息來源。正文中引用的岩石樣本是從不同礦化和蝕變岩石中收集的,以幫助描述不同類型礦化的主旨。樣品包括從露頭和當地衍生的次作物中具有代表性的抓取。樣本被收集在塑料樣品袋中,並用塑料拉鍊密封。樣本位置由GPS記錄。樣本被捆綁在安全密封的大米袋中,並用卡車運往北溫哥華的ALS Minerals實驗室。

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.

在實驗室,使用標準的岩石準備程式將樣品乾燥、粉碎和粉碎。然後用30克的火試金和電感耦合等離子體發射光譜儀分析牙髓中的金,並用電感耦合等離子體發射光譜分析35種元素。採用王水消化法進行電感耦合等離子體分析。王水並不是全巖消化,可能特別低估了鉬的價值。實驗室的質量控制是通過提交空白、標準和重新分析每個分析批次的重複樣品來維持的。

About ArcWest Exploration Inc.

關於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是一家專注於北美西部斑岩銅金礦勘探機會的專案開發商。該公司在不列顛哥倫比亞省首屈一指的斑岩銅金礦地區擁有七個100%擁有的銅金專案。這些專案包括ArcWest的Todd Creek和Oweegee Dome專案,這兩個專案是不列顛哥倫比亞省多產的金三角地區最大、最有前景的銅金勘探地塊。Oweegee Dome毗鄰Seabbridge Gold的超大型KSM-Iron Cap-Snowfield斑岩銅金礦床,Todd Creek毗鄰Pretium的Brucejack礦場。2022年3月,Newcrest礦業完成了對Pretium及其高品位Brucejack金銀礦的收購,交易價值35億美元。三個ArcWest專案目前正在由合作夥伴通過增持和合資協定進行推進;其中包括與礦業巨頭自由港-麥克莫蘭公司達成的一項協定,以推進ArcWest 100%擁有的Todd Creek銅金礦專案。通過同時對多個勘探專案進行合作夥伴資助的勘探,ArcWest的發現機會增加,同時將股東的股權稀釋降至最低。該公司由一支經驗豐富的技術團隊管理,他們有發現的記錄,並以吸引資金雄厚的高級合作夥伴而聞名,其中包括自由港麥克莫蘭、羅伯特·弗裡德蘭集團公司、ITOCHU、安託法加斯塔和泰克。

For further information please contact: Tyler Ruks, President and CEO at +1 (604) 638 3695.

欲瞭解更多資訊,請聯繫:泰勒·魯克斯,總裁,首席執行官,電話:+1(604)6383695。

Qualified Person

有資格的人

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在本新聞稿中披露的技術或科學性質已得到MSC PGeo技術顧問John Bradford的審查和批准,他是National Instrument 43-101定義下的合格人員。

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.

投資者需要注意的是,ArcWest Explore Inc.尚未核實哈克貝利、懷特克裡克、白楊、Seel和Ox礦藏的數據。此外,這些地產上礦化的存在和風格並不一定表明ArcWest Explore Inc.地產上的類似礦化。ArcWest尚未證實勘探專案對其資產的歷史分析,但引用了據信可靠的消息來源。

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.

本新聞稿包含有關ArcWest公司預期的陳述,具有前瞻性。因此,它們受到一定的風險和不確定性的影響。儘管ArcWest認為這些前瞻性陳述中反映的預期是合理的,但不應過分依賴它們,因為實際結果可能與前瞻性陳述大不相同。本新聞稿中包含的前瞻性陳述是截至本文發佈之日作出的,除非法律要求,否則ArcWest沒有義務公開更新或修改任何前瞻性陳述或資訊。

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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