BRITISH COLUMBIA – After giving it a good long look, REDCORP VENTURES of Vancouver will not proceed with development of the Tulsequah project 100 km south of Atlin. In updating the feasibility study the company found that the project cannot be financed a this time due to increased capital and operating costs coupled with a reduction in resources estimates. Further feasibility work has been curtailed while Redcorp considers its options.
The Tulsequah project is operated by REDFERN RESOURCES, a subsidiary of Redcorp. The province has issued a Project Approval Certificate. Further information is posted at www.redfern.bc.ca.