Progressing Toward Feasibility at Large Canadian VMS Copper-Zinc Project

Kutcho Copper (TSX-V: KC)(OTC: KCCFF) — currently trading around C$0.60 per share — has closed a C$4.1 million financing with proceeds designated for the ongoing advancement of its flagship Kutcho Copper-Zinc Project, British Columbia, where the company is working toward completion of a Feasibility Study this year. 
 
 
 
 
Kutcho Copper CEO, Vince Sorace – whom you’re about to hear more from – commented via press release:
 
 
"This financing was led with a strategic investor with proceeds targeting continued advancement of the Kutcho copper-zinc project and for additional initiatives the Company is currently pursuing in order to optimize the value of the project. We expect to provide updates with regards to continued developments around the Feasibility Study in the near future.”
 
 
Earlier this year, the company announced an updated mineral resource estimate of 18.6 million tonnes Indicated at 2.58% copper equivalent and 13.2 million tonnes Inferred at 1.59% copper equivalent — placing the Kutcho project at the upper-end of the spectrum tonnage-wise for VMS deposits. 
 
Next steps at Kutcho will include drilling in and around the main resource area and exploring additional greenfield targets elsewhere on the 42,000-acre property. 
 
With copper trading north of US$4 per pound, Kutcho Copper stands out as a well-positioned junior with active drilling in a Tier-1 mining jurisdiction with a Feasibility Study on the way.
 
 
 
Our own Gerardo Del Real of Junior Resource Monthly sat down with CEO, Vince Sorace, for an update on all-things Kutcho Copper. CLICK HERE TO LISTEN.Transcript is also available. 
 
 

Yours in profits,

 

Mike Fagan

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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