- ArcWest Exploration (AWX) is progressing towards a drill test at its Oxide Peak Copper-Gold Project
- The wholly-owned project is located in British Columbia’s Toodoggone District
- Exploration in 2022 will include a first phase drill test of the Oxide Peak porphyry copper-gold target
- The Vancouver-based mineral exploration company is advancing the project through its partner, TDG Gold
- ArcWest Exploration is unchanged, trading at $0.065 at 11:13 a.m. ET
ArcWest Exploration (AWX) is progressing towards a drill test at its Oxide Peak Copper-Gold Project.
The wholly-owned project is located in British Columbia’s Toodoggone District.
The Vancouver-based mineral exploration company is advancing the project through its partner, TDG Gold.
Exploration in 2022 will include a first phase drill test of the Oxide Peak porphyry copper-gold target.
The target is completely untested by drilling.
The region hosts several past-producing gold-silver mines, as well as the Kemess gold-copper silporphyry deposits.
Historical production in the Toodoggone District exceeds 3.2 million ounces of gold and 360,000 tonnes of copper.
Multiple, additional copper-gold exploration targets exist throughout the property, all of which are untested by diamond drilling.
“ArcWest thanks our partner TDG Gold for advancing our Oxide Peak project. Our wholly owned Oxide Peak property contains multiple exciting targets for porphyry copper-gold systems, and we are eagerly anticipating TDG’s first phase drill test of the Oxide Peak target this summer,” said ArcWest President and CEO Tyler Ruks.
“In addition, ArcWest is fortunate to have received expressions of interest in our Todd Creek copper-gold project from multiple mining companies. Our wholly-owned Todd Creek property is contiguous with Newcrest’s Brucejack mine property, which it recently acquired from Pretium in a $3.5 billion transaction. Although a deal for Todd Creek is not guaranteed, we are optimistic that we will be able to secure a partner in order to advance the project in 2022 and beyond. Todd Creek is host to one of the largest underexplored porphyry copper-gold systems in the Golden Triangle, and is situated in close proximity to one of the world’s largest endowments of base and precious metals, including the KSM-Iron Cap porphyry copper-gold deposits (Seabridge Gold), Tudor Gold’s Treaty Creek gold-silver deposit, and Newcrest’s recently acquired Brucejack high-grade gold-silver mine.
We are looking forward to an exciting 2022 exploration season, with partner-funded drilling planned for multiple ArcWest copper-gold projects.”
ArcWest Exploration is unchanged, trading at $0.065 at 11:13 a.m. ET.