https://www.miningweekly.com
Copper|Exploration|Gold|Mining
Copper|Exploration|Gold|Mining
copper|exploration|gold|mining

Imperial surrenders Giant Copper claims in BC

20th January 2022

By: Creamer Media Reporter

     

Font size: - +

Vancouver-based explorer Imperial Metals has reached an agreement with British Columbia to surrender the Giant Copper mineral claims, which are surrounded by two parks.

The claims, which Imperial has held since April 1988, host two mineral deposits containing copper, silver and gold and a recently discovered gold showing.

The claim area predates the creation of Manning Park and the Skagit Valley Provincial Park.

In 1995, following a public review process, the province designated almost 30 000 ha as the Skagit Valley Provincial Park, while allowing mineral exploration in the 2 500 ha claim area. Imperial at the time surrendered some of its claims along the Skagit river to enhance what would become the Skagit Valley Provincial Park in return for a commitment to allow mineral exploration and possibly mining in the remaining Giant Copper claims.  

The decision to now surrender all remaining claims recognises the challenges of obtaining mineral exploration and development permits in this area, says Imperial president Brian Kynoch.

The consideration payable to Imperial for the surrender, covering all prior investment in the Giant Copper claim area, is C$24-million.

Imperial owns the Mount Polley and Huckleberry mines, as well as a 30% interest in the Red Chris mine and greenfield exploration properties in British Columbia.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.148 0.187s - 93pq - 2rq
Subscribe Now