Profile: Taseko Mines Ltd (TGB.A)
29 Aug 2014
Taseko Mines Limited, incorporated on April 15, 1966, is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia. The Company’s principal business activity is operating and expanding the capacity of the Gibraltar copper and molybdenum mine, which constitutes the majority of its assets and activity and permitting the New Prosperity gold and copper project. The Company has two additional properties located in British Columbia: Aley, an exploration niobium project, and Harmony, an exploration stage gold property. As of December 31, 2012, the Company had one active material wholly-owned subsidiary, Gibraltar Mines Ltd.
The Gibraltar mine site covers approximately 113 square kilometers in the Granite Mountain area, approximately 65 kilometers by road north of the City of Williams Lake in south-central British Columbia, Canada. The Gibraltar mine property consists of 260 tenures. There are 30 mining leases at the Gibraltar mine which are valid until at least July 26, 2023. There are two hundred and thirty claims included in the Gibraltar property tenure package. In addition the Gibraltar mine holds four other land parcels: DL9170, DL9483, DL 9497 and DL588. The Gibraltar mine generally consists of six separate mineralized zones: Pollyanna, Granite, Connector, Gibraltar, and Gibraltar Extension occur within the Granite Mountain batholith in a broad zone of shearing and alteration. A sixth copper mineralized body, the Sawmill zone, lies about six kilometers to the south, along the southern edge of the batholith, within a complex contact zone between the batholith and Cache Creek Group rocks.
New Prosperity Project
The New Prosperity project is located in the Clinton Mining Division, approximately 125 kilometers southwest of the City of Williams Lake, British Columbia. Twenty-three additional claims were acquired in August 2012 bringing the total tenure to one mineral lease (number 787863) and 60 mineral claims covering the mineral rights for approximately 147 square kilometers.
The property is located in the Omineca Mining Division in British Columbia, Canada. The property has a total tenure to 107 contiguous mineral claims that cover 435 square kilometers. The claims are 100% owned by the Company and are not subject to any royalties or carried interests. Condemnation and geotechnical drilling totaling 2,493 meters was completed during the year ended December 31, 2012.
The Harmony project is located in the Skeena Mining Division, on Graham Island, Queen Charlotte Islands (also known as Haida Gwaii), on the north-western coast of British Columbia, Canada. The Harmony project consists of 40 mineral claims and 173 square kilometers. The claims are 100% owned by the Company and are not subject to any royalties or carried interests.
Taseko Mines Ltd
15th Floor, 1040 West Georgia St
VANCOUVER BC V6E 4H1