Vancouver, B.C., October 12, 2021. Kutcho Copper Corp. (TSXV: KC, OTCQX: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to provide a final progress report on the feasibility study for its high-grade copper-zinc Project (“Project”) that is being led by CSA Global Consultants Canada Ltd. (“CSA Global”, an ERM Group Company), expected to be completed in early November, 2021.
Kutcho Copper President & CEO, Vince Sorace, commented: “The feasibility study has advanced rapidly in the past month, with a completion date anticipated in approximately three weeks. This study will represent the culmination of a multiyear effort to rethink, redesign and optimize the Kutcho Project to maximize the economic returns while respecting and protecting the environment in which the project would be developed. We look forward to the next steps in showcasing the benefits of this high-grade project to our stakeholders in consultation with the Tahltan and Kaska First Nations and advancing the Kutcho project through permitting and a production decision.”
The last stages of the feasibility study are focused on finalizing infrastructure engineering design, material take-offs and cost estimation. Additional components completed in the past 30 days include:
- The open pit and underground mining plans have been finalised, and an integrated production schedule that focuses on processing highest grade material early in mine life has been developed.
- Process engineering is at an advanced stage, with the design of a compact comminution, ore sorting and flotation circuit. The ore sorting circuit is fully integrated into the comminution circuit and allows the pre-sorting and discarding of approximately 600 tpd of low-grade material, thereby reducing the load into flotation circuit from a nominal 4,500 tpd crushed to 3,900 tpd, while maintaining a metal recovery from the ore sorting in the order of 99%.
- The tailings management facility is designed as a fully-lined contact water and tailings storage facility, thus eliminating the need for an additional contact water dam.
- All contact water will be treated prior to discharge to the environment or re-use in the process plant. A water management plan has been devised that allows for discharge of treated water into Kutcho Creek during the high-flow summer months.
- The mine site access road design and cost estimation has been finalised and integrated into the feasibility study construction schedule.
The technical or scientific information in this press release has been reviewed and approved by Mr. Garth Kirkham, P. Geo., Technical Advisor for Kutcho Copper Corp., who serves as a Qualified Person under the definition of NI 43-101.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
President & CEO, Kutcho Copper Corp.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.