VANCOUVER, Oct. 16, 2017 /CNW/ - (TSX-V: BCK) – Blind
Creek Resources Ltd. ("Blind Creek" or the "Company") is
pleased to announce that the Company has received an amended Mines
Act Permit from the Ministry of Energy, Mines and Petroleum
Resources ("MEMPR"), Mines and Mineral Resource Division, that
authorises Blind Creek to conduct exploration, underground mining
and on-site milling activities at the 100% owned historic Engineer
Gold Mine Property, detailed in a renewable Notice of Work and
Reclamation Program ("NOW"), valid until March 31st, 2020. The permit was
amended to reflect the change in ownership of the Engineer Gold
Mine Property, situated 32 kilometres southwest of Atlin, B.C., from BCGold Corp. to Blind Creek
Resources Ltd. (See Blind Creek News Release dated April 26, 2017)
Engineer Gold Mine Royalty Acquired by Posting
$50,000 Reclamation Bond
Blind Creek is also pleased to announce that by way of a
separate agreement, the Company has acquired the right, title,
benefit and interest held by Pan Andean Minerals Ltd. ("Pan
Andean") (formerly known as BCGold Corp.) in and to the 1% Net
Smelter Royalty ("NSR") over the Engineer Mine Property acquired by Blind Creek earlier
this year, by posting a new reclamation bond with the MEMPR in the
amount of $50,000 to replace the bond
previously provided by BCGold Corp. There are now no underlying
royalties for the historic Engineer Gold Mine patented crown
grants, previously owned and recently staked contiguous Blind Creek
mineral claims at the Engineer Gold Mine Property.
Blind Creek Now Fully Permitted for Exploration, Mining
and On-site Gold Production at Engineer Gold Mine
The amended Mines Act Permit supplements the water discharge
permit the Company previously received from the British Columbia
Ministry of Environment (See Blind Creek News Release dated
July 13, 2017) that authorizes
Blind Creek to discharge groundwater from the underground workings
of the Engineer Gold Mine and effluent from the Company's 50 tonne
per day gravity separation gold mill into Tagish Lake and the
tailings impoundment, respectively, subject to a number of specific
requirements.
Blind Creek is now fully permitted to conduct surface and
underground exploration, mine de-watering, mining, development, and
small-scale gold production at the Engineer Gold Mine.
2017 Engineer Gold Mine Exploration Program
The Company is awaiting exploration results from a recently
completed 2017 geological mapping, sampling and MMI soil survey
targeting additional narrow-vein high-grade and shear-hosted bulk
tonnage gold mineralization south of Engineer Mine (proper) and on
the southern Wann claims (See Blind Creek News Release dated
August 17th,
2017). Furthermore, the Company intends to release an
updated NI 43-101 technical report on the Engineer Gold Mine
Property, authored by Mr. Darren
O'Brien, P.Geo., in the very near-term. Results will provide
additional basis for a significant exploration and test-mining /
milling program at the Engineer Gold Mine Property in
2018.
About Engineer Gold Mine
Blind Creek Resources Ltd. acquired 100% interest in the
historic and fully-permitted Engineer Gold Mine property from
BCGold Corp. (now Pan Andean Minerals Ltd.) in February, 2017.
Engineer Gold Mine produced 18,000 ounces gold and 9,000 ounces
silver averaging 39 g/t gold and 18 g/t silver, respectively, in
the 1920's. In a 2011 NI 43-101 technical report,
SNOWDEN stated an Engineer Vein
Inferred Resource (open to expansion) with 20,100 oz. of gold
grading 1.75 oz/ton (60 g/t) in 10,400 tonnes, at a 25 g/t gold
Cutoff.
Over the past 10 years BCGold spent >$4.7M at Engineer Gold Mine with a focus on
property acquisition and consolidation, exploration for additional
narrow-vein, high-grade and bulk tonnage gold mineralization, test
mining, bulk sampling, test milling and mineral resource
development. Since acquiring Engineer Gold Mine, Blind Creek has
more than tripled the property size (currently 12,032 hectares)
through recent staking.
Engineer Gold Mine is a "Porgera-style" epithermal gold-silver
system with > 25 known veins and 2 major shear structures with
excellent exploration potential for additional narrow-vein,
high-grade and large bulk-tonnage, shear-hosted gold deposits. The
property overlies >8 km of untested, 2nd order shear structures
known to host large bodies of hydrothermal breccias with gold and
silver mineralization. Numerous large, untested soil
geochemistry anomalies occur on the property, including a 1.0 km
X 0.5 km coincidental gold-silver-arsenic-antimony soil,
magnetic and resistivity anomaly adjacent to the Shear Zone "A"
structure, where previous drilling by BCGold defined a 400 metre
strike length of mineralized hydrothermal breccia averaging up to
0.45 g/t gold over 35 metres wide. Blind Creek is positioning
to conduct a significant exploration and test-mining / milling
program at the Engineer Gold Mine Property in 2018.
About Blind Creek Resources Ltd.
Blind Creek is a Vancouver-based junior resource company
focused on lead-zinc-silver and gold-silver project acquisition,
exploration and development in Yukon (Blende Property), Northwest Territories (AB Property) and
British Columbia (Engineer Gold
Mine). The Company's flagship property is the Blende Property in
north-central Yukon, one of the
largest undeveloped zinc-lead-silver deposits in Western
Canada. More recently the company has signed an agreement to
acquire a 100% interest in the AB Property (MV-Type Zinc-Lead) in
the Northwest Territories and
purchased the historic and fully-permitted Engineer Gold Mine,
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.
President
Tel: (604) 617-8191
bfowler@blindcreekresources.com
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.
SOURCE Blind Creek Resources Ltd.