Investor Pulls Out of Tulsequah Mine in BC

The company trying to re-open the controversial Tulsequah Chief mine in British Columbia announced a setback this week. It says a big investor is pulling out of the project. Chieftain Metals Company says it will use a bridge loan to repay a $10 million advance from Denver-based Royal Gold. Chieftain had been counting on another $45 million from Royal Gold to develop the mine.