Blind Creek files Technical Report for Engineer Gold Mine Property, B.C.
Blind Creek files Technical Report for Engineer Gold Mine Property, B.C.
VANCOUVER, Jan. 30, 2018 /CNW/ - (TSX-V: BCK) – Blind Creek Resources Ltd. ("Blind Creek" or
the "Company") is pleased to announce the filing on SEDAR of a NI 43-101 Technical Report (the
"Engineer Gold Mine Technical Report") for the Comp any's 100% owned Engineer Gold Mine Property,
situated 32 kilometres northwest of Atlin, B.C. The Technical Report, which includes a re-stated Infe rred
Mineral Resource Estimate and is entitled "Engineer Gold Mine, British Columbia, Canada, January 2018"
was written by Darren O'Brien, P. Geo, Michael Redf earn, P. Eng. and Dr. Simon Dominy, FAusIMM(CP),
FGS(CGeol), dated January 18, 2018. The Engineer Go ld Mine Technical Report is also available for
download from the Company's website at www.blindcreekresources.com .
Engineer Gold Mine Property Spinout
The Engineer Gold Mine Technical Report provides ba sis for Blind Creek's recently announced intention
to transfer its Engineer Gold Mine Property to Engineer Gold Mines Ltd. ("Engineer"), a wholly-owned
subsidiary of Blind Creek, subject to receipt of all required regulatory approvals, for common shares of
Engineer (the "Engineer Distribution Shares"). The Engineer Distribution Shares will then be distributed to
the common shareholders of Blind Creek, on a one En gineer Share for every 2 Blind Creek Shares held
on the Record Date, on the reduction of the stated capital of the Blind Creek common shares, all by wa y
of a plan of arrangement (the "Plan of Arrangement") under the Business Corporations Act (British
Columbia) (the "Arrangement"). Blind Creek and Engineer have entered into an arrangement agreement
(the "Arrangement Agreement") dated January 19, 2018 in connection with the Arrangement (which has
been filed under Blind Creek's profile on www.SEDAR.com .)
The Company believes that the Engineer Gold Mines P roject has exploration potential that should be
pursued separately. The creation of Engineer and the distribution of the Engineer Distribution Shares to
the Blind Creek common shareholders will allow the Blind Creek shareholders to focus exclusively on the
predominantly based metal properties which remain i n Blind Creek after the redistribution and the
Engineer shareholders to focus on the Engineer Gold Mines Project. For further details on the Engineer
Gold Mine Technical Report and the Transaction, the reader is referred to the Blind Creek News Release
dated January 19, 2018.
A two-phase, $6.2 million, exploration and developm ent program is recommended in the Engineer Gold
Mine Technical Report, with Phase 1 (at an estimated cost of $200,000) focusing on resource expansion
through surface exploration, finalizing metallurgy test-work, and detailed design and costing to rehab ilitate
the lower levels of the mine. Phase 2 (at an estimated cost of $6.0 million, and contingent upon results of
Phase 1) would focus on surface exploration, exploration of 8 Level of the mine, and processing of a bulk
sample from 6 Level.
About Blind Creek Resources Ltd.
Blind Creek is a Vancouver-based junior resource company focused on lead-zinc-silver project
acquisition, exploration and development in Yukon (Blende Property) and the Northwest Territories (AB
Property). The Company's flagship property is the Blende Property in north-central Yukon, the largest
undeveloped carbonate-hosted Zinc-Lead-Silver depos it in Yukon. More recently the company has signed
an agreement to acquire a 100% interest in the AB Property, a mid-stage Mississippi Valley (MV-Type)
Zinc-Lead exploration property in 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
Neither TSX Venture Exchange nor its Regulation Ser vices 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, forw ard
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, i ndustry
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 accura cy
of this release.
SOURCE Blind Creek Resources Ltd.
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For further information: MarketSmart Communications Inc., (877) 261 4466, w ww.marketsmart.ca;
Nelson Da Silva - Manager Corporate Communications, (604) 722-0041
CO: Blind Creek Resources Ltd.
CNW 07:00e 30-JAN-18