GOLD/COPPER – Skeena Resources Ltd. Aug. 27 reported an adjustment to the terms of a non-brokered private placement financing announced on June 23, subject to regulatory approval. The new deal terms will be comprised of both flow-through and non-flow-through units for a combined financing of up to C$3 million. Each flow-through unit will consist of one common share at a price of C6.5 cents and one full non-flow-through warrant exercisable for two years at C10 cents. Each non-flow-through unit will consist of one common share at a price of C6 cents and one warrant exercisable for two years at C10 cents. The warrants will have an acceleration clause such that if Skeena’s common shares trade on the TSX Venture Exchange at a 20 consecutive trading day value weighted average price of C15 cents per share or greater, the company may elect to accelerate the expiry date to 60 days from the date on which notice is provided. Skeena intends to proceed with the acquisition of the Spectrum project, pending shareholder approval in September. The 3,580-hectare Spectrum copper-gold property is located in northwestern British Columbia around 37 kilometers (23 miles) west of Imperial Metals’ Red Chris mine project and 16 kilometers (10 miles) west-northwest of the GJ deposit being explored by a partnership between NGEx Resources and Teck Resources. Skeena Chairman Ron Netolitzky, Chairman of Skeena remarked, “Spectrum is one of the best under-explored high-grade gold discoveries in British Columbia. We believe this project offers a rare opportunity to follow up on past green-fields exploration success and are confident we can delineate a meaningful gold deposit.” Funds from this financing will be used to undertake a 5,000-meter diamond drill program at Spectrum, which is expected to reconfirm the historical resource and to demonstrate the company’s ability to grow the high-grade gold resource on the property. Funds also will be applied towards general working capital.

COPPER/GOLD – Imperial Metals Corp. Aug. 26 reported an agreement with the Tahltan Central Council, the focal point of which is a third-party review of the tailings facility at Imperial’s Red Chris copper-gold project in northwestern British Columbia. An engineering firm chosen by the First Nations group will appraise whether world-class standards have and will be used in the design, engineering, construction and operation of the tailings impoundment. The targeted completion date for this assessment is by Sep. 24, 2014. Imperial has agreed to address all material issues, if any, identified by the review in a timely manner and to the reasonable satisfaction of the Tahltan Central Council. The agreement was approved following a series of community meetings held in Iskut. These gatherings started with an elders meeting followed by a Tahltan-only meeting on Aug. 22. Representatives from Imperial Metals and B.C. government were then invited to join the Tahltan meetings on Aug. 23. Imperial is targeting the start-up of commissioning operations at Red Chris upon the completion of an extension of a 287-kilovolt electrical line to the region, expected sometime in September. On Aug. 13, BC Hydro reported that the Northwest Transmission Line is energized to Bob Quinn Lake, bringing power closer to Red Chris, the anticipated first customer for the 344-kilometer-long power line. Imperial is finishing up a 93-kilometer extension from Bob Quinn to a substation at Tatogga, where an already completed power line from Red Chris will plug in.