RE:RE:RE:still not under anyone's radar....Mr. Czechlate... here's a start. Also, looking at their recently filed SEDAR MD & A... v.BCK, while not rolling in cash, is almost debt free.
Blind Creek options Wann River claims to BCGold
2013-10-18 20:32 ET - News Release
Mr. J. Frank Callaghan reports
BLIND CREEK ANNOUNCES LETTER AGREEMENT WITH BCGOLD CORP AND RESULTS OF AGM
Blind Creek Resources Ltd. has entered into a letter agreement with BCGold Corp. The company also advises that it held its annual general meeting of shareholders on Oct. 17, 2013.
Letter agreement
The company entered into a letter agreement with BCGold to option nine mineral claims that are part of its Wann River project that border BCGold's historical Engineer mine and Gold Hill properties on Tagish Lake, 32 kilometres west of Atlin, B.C. The claims are known to extend onto several high-grade gold veins and broad, gold-bearing shear structures previously defined by BCGold on the Engineer mine and Gold Hill properties. By consolidating the claims with BCGold's Engineer mine area, the company becomes a stakeholder in BCGold's exploration and development of this now-contiguous land claim.
Under the terms of the agreement, BCGold has the option to earn a 100-per-cent interest in the claims over four years through the issuance of 1.25 million BCGold common shares, staged cash payments of $225,000 and incurrence of $400,000 in exploration work expenditures. Blind Creek will retain a 2-per-cent net smelter return on the claims, which can be reduced to 0.5 per cent by BCGold for a price of $1.5-million.
"Blind Creek is very pleased to be working with BCGold and to play a part in the Engineer mine project," commented Frank Callaghan, president and chief executive officer of Blind Creek. "This association will benefit all our stakeholders as we work to advance Blind Creek's exploration programs."