Resource and expansion drilling at the Kutcho copper-zinc project in B.C. has extended mineralization down dip of its Main deposit, reports Kutcho Copper Corp. (TSXV: KC; US-OTC: KCCFF).
Mineralization was extended 50 metres down dip from previous drilling and beyond the project’s existing resource model in drill hole KC18-280, which returned a 5.4 metre intercept from 193 metres down hole grading 2.48% copper, 1.0% zinc, 114 grams silver per tonne, and 0.24 gram gold, or 4.0% copper-equivalent.
The Main deposit remains open down-dip in this area and along strike over a distance of 250 metres.
The company also reported that 62% of its down dip holes intersected sulphide mineralization at Main.
Highlights from eight other drill holes include 5.58 metres starting from 59.42 metres downhole, grading 1.91% copper, 7.85% zinc, 33.2 grams silver, and 0.60 gram gold for 5.7% copper-equivalent in hole KC18-280, and 10.5 metres from 94.45 metres downhole, averaging 1.89% copper, 0.6% zinc, 33.4 grams silver, and 0.69 gram gold, for 2.9% copper-equivalent in hole KC18-287.
The high-grade copper-zinc-gold-silver volcanogenic massive sulphide (VMS) system at the project is about 100 km east of Dease Lake in northern B.C.
In mid-October the company adopted a shareholder rights plan “to ensure, to the extent possible, that all shareholders of the company are treated fairly and equally in connection with any unsolicited take-over bid or other acquisition of control of the company.”
An updated prefeasibility study completed last year outlined a 12 year mine life with a 2,500-tonne per day production rate for life-of-mine payable production of 378 million pounds of copper and 473 million pounds of zinc.
The Kutcho project is envisioned as an underground mining operation, supplemented by a starter pit on the Main deposit during the construction phase.
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