Teck's Exploration Approach in Eastern Canada (01b063c0-d37f-411e-9013-d5f81d641632)

"A well-defined approach is essential to ensure the long-term success of a regional exploration program. Teck's approach in eastern Canada is designed to fulfill corporate objectives while recognizing certain unique parameters for exploration in the area. The elements of this approach include clearly defined objectives, technical considerations and personnel policies, all of which are equally important. The goal is a significant discovery before the mid-l990s and the company is confident that this target will be achieved.IntroductionAs one of Canada's oldest continuously operating mining companies, Teck Corporation traces its roots to Kirkland Lake, Ontario, with the development of the Teck-Hughes gold mine in 1913, later supplemented by production from the Lamaque gold mine in Val d'Or, Quebec. Control of the company was acquired by Temagami Mining Company, part of the Keevil Mining Group, in 1959. Credited as one of the first discoveries made using airborne geophysics, the Keevil Group had recently found the small but very high-grade copper deposits at Temagami, Ontario. These developments in eastern Canada formed a foundation for remarkable growth and Teck's present status as one of Canada's most successful and respected mining companies.Teck currently operates successful mining ventures across Canada and has international exposure through its association with Cominco Ltd., M.I.M. Holdings Limited and Metallgesellschaft AG. Operations in eastern Canada, however, remain an important component of Teck's ongoing success. The David Bell and Williams mines at Hernlo, Ontario, are Canada's lowest cost and largest gold operations, respectively. The Niobec Mine at Chicoutimi, Quebec, is North America's only significant producer of niobium. Teck maintains a 45070 interest in Golden Knight Resources Inc., part owner of the successful gold mining operation in the Casa Berardi area of northwestern Quebec. As a significant shareholder in Aur Resources Inc. and as a part owner, Teck is participating in the development of the Louvicourt deposit, a major base metal discovery at Val d'Or, Quebec."