Blind Creek acquires mining permit and royalty for historic Engineer Gold Mine, northwestern British Columbia
Blind Creek acquires mining permit and royalty for historic Engineer Gold Mine,
northwestern British Columbia
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
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.
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CNW 07:00e 16-OCT-17