Canada-based Earth Life Sciences has signed an agreement to acquire assets from White Channel and Gold Buck projects.
As part of the agreement, the company is set to acquire the assets of White Channel project in British Columbia, Canada. The project comprises silica-gold.
Go deeper with GlobalData
Earth Life Sciences will also purchase all the assets of Gold Buck project 35 miles east of Williams Lake, British Columbia, and consists of copper-gold.
The agreement grants the company full control and ownership of the two mining assets.
The company began development of the White Channel (silica-gold) project in June 2014 and plans large-scale production in summer 2016.
Earth Life Sciences CEO said: "These acquisitions strengthen our portfolio with two quality projects in highly desirable jurisdictions, which have already showed us tremendous promise and value."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe Gold Buck project, which has been already tested, shows good mineralisation of gold, silver and copper covering a vast area.
It lies in an area of well-developed infrastructure in the prolific Quesnel Trough.
The transaction is subject to a net smelter return agreement, the company said.
