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Canadian Platinum nixes deal to acquire Copper Hill gold-copper project in Nev.

Canadian Platinum Corp. said April 6 that it terminated a deal to acquire the Copper Hill gold-copper project in Nevada from a private U.S. company.

The decision was made due to the construction of a solar farm on the eastern claim boundary of the project, where the highest gold potential exists, restricting access and the ability to carry out exploration work.

In June 2015, the company agreed to acquire a 100% working interest in the property for payments totaling C$100,000 and a 3% net smelter return.

Additionally, the company noted it had secured approval from TSX Venture Exchange to acquire a 70% stake in the Cook gold project in Nevada's Humboldt County from a private U.S. corporation.

The deal was announced in January.

Meanwhile, the company noted its Brabant Lake graphite project in Saskatchewan now consists of one claim block covering 704 hectares, while the Craig Lake platinum project now consists of three claims covering 4,977 hectares.