Make Kitco Your Homepage

Kutcho Copper ups resources to 1.1 billion pounds of copper equivalent at Kutcho

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Kutcho Copper (TSXV: KC) announced Monday that, as part of an ongoing feasibility study, it has re-estimated mineral resource for its high-grade Kutcho copper-zinc project in British Columbia, which resulted in a 21% increase in tonnes in the Measured and Indicated categories compared to the previous estimate of mineral resources at the Main deposit.

The company said that this increase in tonnage is mainly due to a lower cut-off grade resulting from the change from underground to primarily open pit extraction methods in the Main deposit area.

According to the company's statement, the updated mineral resource in the Measured and Indicated category totals 22.8 million tonnes averaging 1.52% copper and 2.18% zinc (2.26% CuEq) representing over 1.1 billion pounds of copper equivalent contained metal, comprising 765 million pounds of contained copper, 1.1 billion pounds of contained zinc, 288 koz of contained gold, and 20.6 Moz of contained silver.

The company added that it now considers an open pit mining for the majority of the Main deposit, allowing the company to capitalize on the high-grade, near-surface mineralization, resulting in lower operating costs than underground mining. The remainder of the Main deposit and all of the Esso deposit will continue to be evaluated assuming underground extraction by longitudinal longhole open stoping.

"Given the significant scope of the design improvements between the 2017 PFS and the FS, we now anticipate the results of the Feasibility Study to be announced by the end of October 2021," said President and CEO Vince Sorace.

Kutcho Copper is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. The company intends to progress the Kutcho project through feasibility and permitting to a positive construction decision.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.