Teck Resources lifts position in Artha Resources after option termination

Canadian diversified miner Teck Resources has acquired 1.5-million units of explorer Artha Resources. This followed an April 23 agreement between Artha and Teck's Argentina subsidiary to terminate the Aguilar option agreement, eliminating Artha’s liability of C$696 000 in firm expenditure commitments and its obligation to complete a minimum of 4 000 m of diamond drilling or a combination of reverse circulation and diamond drilling on the property before October 31.