SECURITIES AND
EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
CIK # 878518
As at June 11, 2004
TASEKO MINES LIMITED
800 West Pender Street, Suite 1020
Vancouver , British Columbia
Canada V6C 2V6
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F...X.... Form 40-F.........
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ____
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper
of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.
Yes ..... No .....
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82- ________
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
Date: June 11, 2004
* Print the name and title of the signing officer under his signature.
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Taseko
Mines Limited
1020 - 800 W Pender Street
Vancouver BC Canada
V6C 2V6 Canada
Tel 604 684 - 6365
Fax 604 684 - 8092
Toll Free 1 800 667 - 2114
www.hdgold.com
June 11, 2004, Vancouver, BC - Ronald W. Thiessen, President and
CEO of Taseko Mines Limited (TSX Venture: TKO; OTCBB: TKOCF) announces that
Taseko has elected to exercise its call rights under a Farmout and Joint Venture
Agreement ("the Farmout Agreement") between Taseko and Northern Dynasty
Minerals Ltd. ("Northern Dynasty") and Rockwell Ventures Inc. ("Rockwell"),
whereby Northern Dynasty and Rockwell were granted the right to earn a working
interest in certain exploration properties held by the Company's wholly
owned subsidiary Gibraltar Mines Ltd. and located adjacent to its Gibraltar
Mine property in south-central British Columbia. Pursuant to the Farmout Agreement,
Northern Dynasty expended $650,000 on exploration and Rockwell incurred $200,000
in exploration expenditures to earn interests in the properties.
The Farmout Agreement provided Taseko with a call right, whereby the Company
could acquire the working interest held by each of Northern Dynasty and Rockwell
in consideration of the issuance of common shares valued at 110% of the exploration
expenditures incurred. Taseko elected to exercise this call right on March
12, 2004, and to reacquire the earn interest will issue 256,272 common shares
to Northern Dynasty and 78,853 common shares to Rockwell. These Taseko shares
have a deemed value of $2.79 per share.
The closing date of the transaction is June 4, 2004. There is four-month hold
period applicable to these shares.
For further details on Taseko Mines Limited, please visit the Company's
website at www.tasekomines.com or contact Investor Services at (604) 684-6365
or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD OF DIRECTORS
/s/ Ronald W. Thiessen
Ronald W. Thiessen
President & CEO
No regulatory authority has approved or disapproved the information
contained in this news release.
This
release includes certain statements that may be deemed "forward-looking
statements". All statements in this release, other than statements of
historical facts, that address future production, reserve potential, exploration
drilling, exploitation activities and events or developments that the Company
expects are forward-looking statements. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those in the forward-looking
statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and
exploration successes, continuing availability of capital and financing, and
general economic, market or business conditions. Investors are cautioned that
any such statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's Annual Information Form in Canada and its
annual filing on Form 20-F with the United States Securities Commission.