Canada’s Tocvan Ventures has executed an assignment agreement for the sale of the Rogers Creek project to Cascade Copper, the company said in a statement.
“Completing this transaction means we can unlock the value of the Rogers Creek asset to our shareholders and ensure it has the focus it deserves through Cascade Copper,” said Brodie Sutherland, the CEO of Tocvan Ventures. “We are excited about the potential of Cascade Copper and the new management behind it. This also al-lows Tocvan to focus on its core assets in Sonora, Mexico where we have seen tremendous growth over the past two years,” said
Located in Canada’s Vancouver, the Rogers Creek property has “porphyry Cu, Au, and Mo mineralization from intrusive activity within a post-accretionary magmatic arc comparable to major Cu-Mo de-posits in similar U.S. belts,” according to data from Tocvan Ventures.