Mike Fagan,
Editor
Sept. 13, 2021
Kutcho Copper (TSX-V: KC)(OTC: KCCFF) — currently trading around C$0.70 per share — has outlined a newly enhanced open pit mining scenario to be incorporated into its upcoming feasibility study for its 100%-owned, flagship Kutcho Copper-Zinc Project located in British Columbia, Canada.
Highlights include:
- An open pit mining scenario for the majority of the Main deposit focused on high-grade, near-surface mineralized zones resulting in reduced mining costs.
- A re-estimation of the mineral resource at the Main deposit resulting in a 21% increase in M&I tonnes compared to the previous estimate.
- Improved project scale with ore feed to the crusher increasing from 2,500 to 4,500 tonnes per day.
- Improved metallurgical recoveries compared to prior studies.
- A reduction in surface footprint and environmental impact.
Kutcho CEO Vince Sorace commented via press release:
“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. We believe this short delay is well worth the benefit in realising the full and enhanced economic potential of the Project for all our shareholders and partners. Negotiations for our recently announced Economic Participation Agreements with the Kaska Nation and the Tahltan Nation (see press release dated July 13, 2021) will be based on the optimized Project design. Together, all these factors will allow us to continue advancing the Project towards permitting and a production decision.”
The updated mineral resource in the M&I category now totals 22.8 million tonnes averaging 2.26% copper equivalent [1.1 billion pounds CuEq], comprising 765 million pounds of contained copper, 1.1 billion pounds of contained zinc, 288,000 oz of contained gold, and 20.6 million oz of contained silver.
With both copper and zinc in confirmed uptrends, and with gold and silver poised to move significantly higher in the coming quarters, next month’s feasibility study should go a long way in determining the potential value and mine-life of the Kutcho project based on higher metals prices than what was used in earlier studies.
Our own Gerardo Del Real of Junior Resource Monthly sat down with Kutcho CEO, Vince Sorace, to discuss the importance of the pivot to an open pit mining scenario ahead of next month’s feasibility study. CLICK TO PLAY. Transcript is also available.
Enjoy!
Also, click here for a short video clip where Mr. Del Real covers just a few of the key advantages his subscribers enjoy every single month — including specific buy-sell signals and upcoming catalysts across a variety of metals — and why he believes Q4 is setting up to be one of the most profitable quarters he’s seen in the junior resource space.
CLICK TO PLAY
Click here for our feature report on Kutcho Copper.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.
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