AbraSilver farms out La Coipita project in Argentina to Teck
Teck will have the option to acquire an 80% interest in La Coipita by funding cumulative exploration expenditures of $20 million over a five-year period.
The Vancouver-based miner said exploration activities at Sawyer Camp have not generated enough encouragement to justify the continued allocation of budget and effort.
At the heart of the case is the free entry mineral claim system that allows anyone to file a mineral claim without notifying or engaging with First Nations.