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Resource World - Oct/Nov 2013 - Volume 11

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Anthracite Project in northwest BC and the NICO gold-cobalt-bismuth-copper deposit in the Northwest Territories. The company recently reported results of an updated Definitive Feasibility Study (DFS) for the Arctos Project, formerly known as the Mount Klappan Project, which is a collaborative project by the Arctos Anthracite Joint Venture between Fortune (80%) and POSCAN (20%), the Canadian subsidiary of Korea's POSCO. A 17.5% increase in runof-mine metallurgical coal reserves totals 124.9 million tonnes (Mt) and a 13.8% increase in 10% ash product reserves total 69.2 Mt in the Lost Fox deposit area. Initial rail capital for the project totals $330 million for the upgrade and extension of the Dease Lake Rail Line to the mine site. Coal will be shipped to Asia through the Port of Prince Rupert. The project is currently in the BC Environmental Assessment process. Production is scheduled for late 2016. Some members of local First Nations have opposed the project. 34 www.resourceworld.com Goldcliff Resources Corp. [GCNTSXV] has acquired the Goldrop claims and, consequently, the Goldrop coppersilver-gold-lead-zinc showing. The claims adjoin Goldcliff's 26,333-hectare Tulameen Project, the company's 100%-owned holdings in the Copper Mountain district near Princeton. The Goldrop showing is highlighted by surface and drill sample values of 0.77% copper, 1.30 g/t silver, 0.14 g/t gold and 8.85% zinc. Goldcliff also owns the Panorama Ridge Gold Project in the Hedley Gold Camp and the Ainsworth Project in the Ainsworth-Kaslo Silver Camp. Gold Reach Resources Ltd. [GRV-TSXV] has received assay results for holes S12124 to S12-129 at its 100%-owned Ootsa property, located adjacent to the Imperial Metals producing Huckleberry Mine south of Smithers, northern BC. Drill hole S12-125 intersected 375.3 metres of 0.64% copper equivalent, including 198 metres of 0.86% copper equivalent. Happy Creek Minerals Ltd. [HPY- TSXV] has released final drill results from its 100%-owned, 162 km2 Fox tungsten property 75 km northeast of 100 Mile House. During 2012, 29 holes were completed. Previously released holes from the RC prospect outlined a zone of continuous mineralization. The BN prospect is 1 km south of the RC prospect. New results include F12-27 with 4.10 metres of 1.78% WO3 (tungsten trioxide) at surface, 14.8 metres of 4% WO3 starting at 83.2 metres and 24 metres of 0.79% WO3 starting at 136 metres. A 250-metre step-out to the west returned 2.1 metres of 0.52% WO3 starting at 56 metres in F12-29. At the BK prospect, hole F12-20 returned five metres of 0.68% WO3 starting at 28 metres. Results indicate there are multiple (stacked) mineralized zones, potentially economic grades in three areas over a 2 km distance and 250-metre width; all mineralized zones are open in extent. Hi Ho Silver Resources Inc. [HHSCNSX] has completed an independent NI november 2013

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