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American CuMo Mining Corp.

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Summary

Project:

CuMo

Deposit:CuMo
Location:United States
Commodities:Copper-Molybdenum-Silver
Date:6/4/2020
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:4-6-2020: American CuMo Mining Corp. announces a PEA report for its CuMo deposit at the CuMo project. PEA results incl. post-tax NPV (8%) of US$356M & IRR of 9%. Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - American CuMo Mining Corporati
Resources:
CP/QP:[Overall Report] Andy Thomas, John Starkey, Calvin Boese, G. H. Giroux, Gilles Arseneau, Neil M. Winkelmann, Roberty McCarthy, Valerie Jean Sawyer (Starkey & Associates Inc.)
ABSTRACT:Vancouver, British Columbia--(Newsfile Corp. - June 2, 2020) - American CuMo Mining Corporation (TSXV: MLY) (OTC Pink: MLYCF) ("CuMoCo" or the "Company") is pleased to report on positive results from an independent Preliminary Economic Assessment (PEA) of its 100% owned CuMo Project, a large Copper-Molybdenum-Silver- Rhenium deposit located in Boise County, Idaho. The independent, third-party analysis was conducted by SRK Consulting (Canada) Inc., Sacré-Davey Engineering and Giroux Consulting. "The CuMo Project is the largest Molybdenum, Silver, and Rhenium deposit in the United States and one of the world's leading mining projects in terms of its size, cost, and potential economics," said Shaun Dykes, President and Chief Executive Officer of CuMoCo. "The updated Preliminary Economic Assessment affirms projections and compels completion of the remaining environmental permitting aspects, pre-feasibility analysis, and feasibility initiatives to further advance our CuMo Project. The project design prioritises features that will provide the highest levels of environmental protection, workforce safety, and operating efficiency, while minimizing negative impacts on the community."

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