The Prosper tenures are located in the same geologic terrane as the adjacent Prosperity deposit. Taseko Mines Limited announced (November 2, 2009) a reserves of 7.7 million ounces of gold and 3.6 billion pounds of copper at Prosperity, making it the largest gold/copper reserve base of any mining project in Canada. On January 14, 2010 Taseko Mines Limited received BC government approval to proceed with development of the Prosperity deposit. On January 19, 2010, following a significant new gold discovery in the prior month, Amarc Resources Ltd. announced "More Significant Results For The Newton Gold Discovery, Stakes Substantial Land Position & Launches Aggressive 2010 Program". Amarc, in the past two months, has staked some 1,300 square kilometres of additional mineral claims over an underexplored and highly prospective gold-copper belt extending south from the Newton property - their claims abut one of the Prosper tenures on the east side of the Prosperity property.