VANCOUVER, March 20, 2018 /CNW/ - (TSX-V: BCK) –
Blind Creek Resources Ltd. ("Blind Creek" or the "Company") is
pleased to announce the Company's applications for a 5-Year Class 4
Quartz Mining Land Use Approval (or "Class 4 QMLUA") to provide for
exploration activities at the Company's 100%-owned Blende Zn-Pb-Ag
Property (or the "Property"), situated 64 km northeast of Keno
Hill, Yukon, and a 2-Year Land Use
Permit (or "LUP") to allow for Property road access by the Wind
River Winter Trail, have been approved by the Yukon Department of
Energy, Mines and Resources, subject to certain conditions.
Class 4 Quartz Mining Land Use Approval Provides for Large
Exploration Effort
The Class 4 QMLUA allows Blind Creek, amongst other things, to
construct a 50-man exploration camp, store fuel on site, develop up
to 15 km of new roads, upgrade up to 30 km of existing roads,
construct an air strip and drill up to 400 diamond drill holes on
the Property over the next 5 years, subject to certain
conditions.
Blind Creek has elected to progressively provide reclamation
security as specified by the Chief of Mining Lands and submit an
annual Access Management and Reclamation Plan for review and
approval on an annual basis, prior to initiating surface
disturbance at the Blende Property. In each subsequent year, the
security requirement will be reviewed and adjusted according to
additional activities proposed for the season and reclamation
completed in the previous season.
Blende Property Winter Trail Access Provided by 2-Year
Land Use Permit
The Wind River Winter Trail passes within 11 km of Blind Creek's
Blende Property (view map) and was previously used by the Company
to transport drill rigs, a D6 Bulldozer, fuel, exploration related
and camp building material to the Property in 2006. The recently
received 2-Year LUP provides Blind Creek the ability to use the
Wind River Winter Trail once again for similar purposes to access
the Blende Property and staging area at McQuesten Lake during
winter months, subject to certain terms and conditions.
ATAC/Barrick 65 km Rau Project Access Tote Road
Proposal
Portions of the Wind River Winter Trail used to access Blind
Creek's Blende Property from Mayo
are included in the proposed 65 km all-season Rau Project access
tote road recently approved in an agreement between the Government
of Yukon and the First Nation of
Na-Cho Nyäk Dun (Please see Government of Yukon News Release dated
March 5, 2018). This is a significant
positive development for exploration and mining in the region.
Blind Creek has no formal relationship, negotiations or agreement
in place with any related party to use the all-season tote road, if
and when it is developed, however the Company will closely monitor
developments and explore any all-season Blende Property access
opportunities when appropriate.
"The acquisition of the Class 4 QMLUA and Land Use permit for
the Blende Property and the recently announced Rau Project tote
road access agreement are significant developments for Blind
Creek", states Brian Fowler, P.Geo.
and President of Blind Creek. "The Company is currently awaiting
the completion of the Blende maiden NI 43-101 Mineral Resource
Estimate (currently in preparation by Moose Mountain Technical
Services) and is positioning to conduct a large exploration effort
at Blende in 2018."
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 deposit 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 announced its intention to spin out its 100%-owned, historic
and fully-permitted Engineer Gold Mine Property, 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
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.
