Arcwest Exploration Inc are a junior, project generator looking for gold with exploration properties in Canada. They have a market capitalisation of ~C$8.27M which is a fall of roughly 7% over the last one months. As of 02/06/2026 they have no debt and ~C$2.8M cash. They have 83M shares outstanding and trade on the Canadian Venture Exchange.
WMR can earn an initial 60% interest ("First Option") in the Property by funding a total
of $2,050,000 in exploration expenditures over a three-year period in addition to staged
payments totaling $110,000 and 1,350,000 shares.
Upon completion of the First Option and receipt of the Initial Interest Notice from WMR,
WMR will have a 60 day period to elect to earn an additional 20% interest, for an
aggregate 80% interest ("Second Option"), or form a Joint Venture (“JV”). The Second
Option can be attained by completing and delivering to ArcWest a Feasibility Study on or
before the fourth anniversary of the Initial Interest Notice. I
Extensive documentation of geology and geochemistry at Lemare by historical exploration is in contrast
to the lack of historical drilling, with only 1205m drilled in eight shallow holes, including just two drill
holes in the New Destiny-Culleet Creek corridor.
✓ Only a single 114m drill hole has tested the entire Southeast Block, where CMG alteration at the margins
of extensive SCP (including advanced argillic) alteration at South Gossan contains high grade copper
mineralization. Similar relationships are found at known North Island porphyries such as Island Copper
and Hushamu.
Locrian can earn an initial 60% interest in the
Property by funding over a three-year period cumulative exploration expenditures of $2,400,000 and staged cash payments of $55,000, respectively, including a minimum of 1,000 meters of drilling.
Upon exercise of the First Option, Locrian may, at its option, elect to earn an additional
20% interest, for an aggregate 80% interest (“Second Option), by funding and causing
within two years the preparation and delivery to ArcWest of a Preliminary Economic
Assessment.
Teck can earn an initial 60% interest in the Property byfunding over a three-year period cumulative exploration expenditures of $3,000,000 and can also acquire an additional 20% interest by incurring
an additional $8,000,000 in expenses.
historical resource of 207,000 t
@ 5.48 g/t Au + Cu credits
P2 Gold can earn an initial 51% interest in the Property by funding over a five-year period cumulative
exploration expenditure of $15,000,000 and staged payments of $1,150,000.
Upon completion of the First Option and receipt of the Initial Interest Notice from CTEC, CTEC will have
a 60 day period to elect to earn an additional 19% interest, for an aggregate 70% interest ("Second
Option"), or form a Joint Venture ("JV"). The Second Option can be attained by completing and
delivering to ArcWest a Feasibility Study on or before the third anniversary of the Initial Interest Notice. In
order to keep the Second Option in good standing, CTEC will be obligated to pay to ArcWest $250,000
on each anniversary of the delivery of the Initial Interest Notice until such time that the Feasibility Study
has been completed and delivered to ArcWest
WMR can earn an initial 60% interest ("First Option") in the Property by funding a total
of $2,050,000 in exploration expenditures over a three-year period in addition to staged
payments totaling $110,000 and 1,350,000 shares.
Upon completion of the First Option and receipt of the Initial Interest Notice from WMR,
WMR will have a 60 day period to elect to earn an additional 20% interest, for an
aggregate 80% interest ("Second Option"), or form a Joint Venture (“JV”). The Second
Option can be attained by completing and delivering to ArcWest a Feasibility Study on or
before the fourth anniversary of the Initial Interest Notice. I
Extensive documentation of geology and geochemistry at Lemare by historical exploration is in contrast
to the lack of historical drilling, with only 1205m drilled in eight shallow holes, including just two drill
holes in the New Destiny-Culleet Creek corridor.
✓ Only a single 114m drill hole has tested the entire Southeast Block, where CMG alteration at the margins
of extensive SCP (including advanced argillic) alteration at South Gossan contains high grade copper
mineralization. Similar relationships are found at known North Island porphyries such as Island Copper
and Hushamu.
Locrian can earn an initial 60% interest in the
Property by funding over a three-year period cumulative exploration expenditures of $2,400,000 and staged cash payments of $55,000, respectively, including a minimum of 1,000 meters of drilling.
Upon exercise of the First Option, Locrian may, at its option, elect to earn an additional
20% interest, for an aggregate 80% interest (“Second Option), by funding and causing
within two years the preparation and delivery to ArcWest of a Preliminary Economic
Assessment.
Teck can earn an initial 60% interest in the Property byfunding over a three-year period cumulative exploration expenditures of $3,000,000 and can also acquire an additional 20% interest by incurring
an additional $8,000,000 in expenses.
historical resource of 207,000 t
@ 5.48 g/t Au + Cu credits
P2 Gold can earn an initial 51% interest in the Property by funding over a five-year period cumulative
exploration expenditure of $15,000,000 and staged payments of $1,150,000.
Upon completion of the First Option and receipt of the Initial Interest Notice from CTEC, CTEC will have
a 60 day period to elect to earn an additional 19% interest, for an aggregate 70% interest ("Second
Option"), or form a Joint Venture ("JV"). The Second Option can be attained by completing and
delivering to ArcWest a Feasibility Study on or before the third anniversary of the Initial Interest Notice. In
order to keep the Second Option in good standing, CTEC will be obligated to pay to ArcWest $250,000
on each anniversary of the delivery of the Initial Interest Notice until such time that the Feasibility Study
has been completed and delivered to ArcWest
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