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Kiska Metals: Teck Resources terminates Kliyul earn-in option

Kiska Metals Corp. said Oct. 4 that Teck Resources Ltd. has terminated a participation agreement, pursuant to which it agreed to earn a 51% interest in the former's early-stage Kliyul gold-copper project in British Columbia.

As a result, Kiska has regained full control of the interest in Kliyul.

Pursuant to the deal's terms, Teck completed induced polarization geophysical surveys, archaeological surveys, baseline water quality surveys and 2,000 meters of diamond drilling in four holes, for total expenditures of C$3 million.

The company is in discussions with a potential partner and anticipates that there will be several other interested parties.