[caption id="attachment_1003725966" align="aligncenter" width="456"] The proposed layout for the surface facilities of the Harper Creek project. (Image: Yellowhead Mining)
BRITISH COLUMBIA – Vancouver’s Taseko Mining
has made an all-share offer for Yellowhead Mining
of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.
Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloops. A feasibility study was completed in 2013 outlining five phases of open pit mining and construction of a 70,000-t/d, SAG-ball mill processing plant.
The Harper Creek feasibility study is available on www.YellowheadMining.com.