Mining News: Northern Neighbors: Freeport opts out of Tanzilla copper project in northern BC

Kaizen Discovery Jan. 8 reported that Freeport-McMoRan of Canada Ltd. has terminated an earn-in option on the Tanzilla copper-gold porphyry project in the Golden Triangle area of northwestern British Columbia. The 4,625-hectare Tanzilla property covers a seven-kilometer- (4.4 miles) long alteration zone. Silica Ridge is the primary target along this alteration zone. Induced polarization surveys confirmed the presence of a strong chargeability high to depths of at least 500 meters at Silica Ridge. The 2015 program at Tanzilla included 1,878 meters of drilling in three holes, with two-holes targeting the central Silica Ridge alteration zone and one-hole exploring the Gopher Zone, located about 2,750 meters to the southeast. The property is located 68 kilometers (42 miles) north of Imperial Metals Corp.’s Red Chris copper-gold mine.

- Shane Lasley