October 23, 2017 4:25 AM ET

Metals and Mining

Company Overview of Teck Resources Chile Limitada

Company Overview

Teck Resources Chile Limitada provides exploration and mining of copper ores. The company is based in Las Condes, Chile. Teck Resources Chile Limitada operates as a subsidiary of Teck Resources Limited.

Avenida Isidora Goyenechea N° 2800

Oficina 802

piso 8

Las Condes,  755-0653

Chile

Phone:

56 22 464 5700

Fax:

56 22 464 5794

Key Executives for Teck Resources Chile Limitada

Teck Resources Chile Limitada does not have any Key Executives recorded.

Teck Resources Chile Limitada Key Developments

Teck Resources Chile Limitada Commences Further Phase of Exploration on the Paciencia North Project

Arena Minerals Inc. announced that Teck Resources Chile Limitada has informed Arena that it has commenced a further phase of exploration on the Paciencia North project. Following encouraging results from the June-July 2016 drilling and reconnaissance induced polarization program in the southern portion of the Paciencia option area, Teck carried out a further 51 km2 of reconnaissance induced polarization and 380 line km of ground magnetics in an area extending to the northern boundary of the license block. This geophysical program led to the identification of a large coherent chargeability anomaly (2.5 x 3.5 km) beneath shallow gravel cover (20-100m thick) in the northern part of the Paciencia license block. The chargeability anomaly is coincident with an annular zoned magnetic anomaly with a central high and flanking low. Teck plans to drill test the target with an additional 1,800 metres of reverse circulation drilling to be completed in December 2016.

Teck Resources Chile Limitada Initiates Follow-Up Exploration Program on the Paciencia North Project in Chile, to Be Followed by Reconnaissance Drilling on the Solitario Claim Blocks

Arena Minerals Inc. announced that Teck Resources Chile Limitada has initiated a follow-up exploration program on the Paciencia North project in Chile, to be followed by reconnaissance drilling on the Solitario claim blocks. The Paciencia North program consists of trenching and additional drilling following up on the prospective areas identified during earlier drilling. The Property comprises part of the Company's Atacama copper property located in Antofagasta, Chile. Under the terms of the USD 19.5 million option agreement the company can earn a 60% interest in the Property. In conjunction with surface mapping, drill holes PAC-014 and PAC-016 in this South Zone defined a three km corridor of interpreted high temperature tourmaline/magnetite/k-feldspar breccias and veining, in many respects analogous to the early high temperature breccias and alteration that occur at Sierra Gorda. The trenches will be used to assist in defining the location of additional drill platforms planned in the next stage of drilling by Teck on this target which is expected to start by the end of May. The Paciencia North program will also include drilling towards the western portion of Paciencia North, where volcanic sequences with interpreted sericite-chlorite-pyrite alteration and weak pyrite veining were discovered during initial reconnaissance drilling.

Teck Resources Chile Limitada Commences Drill Program on the Paciencia North Claim Blocks

Arena Minerals Inc. announced that Teck Resources Chile Limitada has commenced a 3,000 metre reverse circulation drill program on the Paciencia North claim blocks. The property comprises part of the company's Atacama copper property located in Antofagasta, Chile. Under the terms of the USD 19.5 million option agreement, Teck can earn a 60% interest in the Property. In advance of the current drill program, Teck completed desktop work, re-interpretation of available geochemical and geophysical data, landform analysis and associated surficial mapping. The program anticipates using two RC drill rigs in order to drill test portions of the Paciencia North claim block on a roughly 1.5 kilometre spaced grid. The first drill rig is already on site and a second is expected to commence work within a week. It is anticipated that the two rigs will complete approximately 3,000 metres in total. The results of this initial phase of drilling will be used to design a follow-up drill program and this second phase will also include work, including drilling, on the Solitario claims.

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