Serengeti Resources Acquires Red Chris North Property

Serengeti Resources Inc. (TSXV:SIR) announced that they have acquired a 100 percent  interest in the Red Chris North Property, which is made up of  two claim blocks located 8 to 10 km north of Colorado Resources recent high grade copper-gold discovery at North Rok in B.C.

As quoted in the press release:

The newly staked RCN Property is located in the Stikine Arch area of north-west British Columbia. The highly prospective Stikine Arch hosts a number of world class copper-gold-silver porphyry deposits including Red Chris, Schaft Creek, and NovaGold and Teck Resources Galore Creek deposit. Red Chris with proven and probable reserves of 301 mt grading 0.359% Cu, 0.274 g/t Au is currently the site of a $500 million mine development project by Imperial Metals.

To view the whole press release, click here.