Fresh off the success of its newly opened and already growing Minto mine, Sherwood Copper (SWC-V, SWOPF-O) has launched a friendly takeover bid for Western Keltic Mines (WKM-V, WLKTF-O) in a deal valued at 37 million dollars. The prize in the deal is Western Keltic's Kutcho Creek copper-zinc deposit in northern B.C., which a recent prcfeasibility study gave a net present value of 154 million dollars. The project, accessed via a 100-km 4-wheel-drive road from Dease Lake, holds probable reserves of 17.1 million tonnes grading 1.63 percent copper, 2.26 percent zinc, 26 grams silver per tonne and 0.32 gram gold.
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