In January 2015, London-basedBMC (UK) Ltd. bought the Kudz Ze Kayahand Pelly base metals projects, KZK for short, from Teck Resources Ltd.
Formed in 2014 as a partnership between management and Barclays Natural Resource Investments Inc., BMC is scouring the globe for base metals deposits, especially those dominated by zinc and have the potential for near-term development.
The company considers Yukon the best place to look for such an asset and KZK as its flagship property.
“We believe that KZK is a quality asset that suits our business model perfectly,” said BMC CEO Scott Donaldson.
This year, the company is carrying out a C$15 million program focused on expanding the historical resource at Kudz Ze Kayah and bringing it up to NI 43-101-compliant standards ahead of a pre-feasibility study planned for 2016."
MNQ Price at posting:
2.7¢ Sentiment: None Disclosure: Held