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Copper Mountain Mining Corp.
Summary
| Project: | Eva | |
|---|---|---|
| Deposit: | Blackard | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 10/15/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-10-2019: Copper Mountain Mining Corp. announces a Resource Estimation report for its Blackard deposit at the Eva project. Resource update plus new drill results incl. 125m @ 0.57% Cu. Vancouver, B.C., October 15, 2019 – Copper Mountain Mining Corporati | |
| Resources: | (Resource, M+I): 77.32Mt @ 0.49% Cu at Blackard | |
| CP/QP: | [Resources]: Peter Holbek (Internal) | |
| ABSTRACT: | Vancouver, B.C., October 15, 2019 – Copper Mountain Mining Corporation (TSX:CMMC | ASX:C6C) (“Copper Mountain” or the “Company”) is pleased to announce drill results from a recently completed exploration program, metallurgical testwork results and a new Mineral Resource for the Blackard deposit. Blackard is a large stratabound deposit located within the Company’s Eva Copper Project mining leases, five kilometres from the proposed Eva Copper processing plant, in Queensland, Australia (See Appendix 1 for Location Map). The Company also recently completed extensive metallurgical testwork that has confirmed economic recoveries at Blackard. Based on these results, flotation recoveries are expected to be 90% for the Copper Sulphide Zone and 63% for the Copper Zone, both producing saleable concentrates. The Blackard Mineral Resource consists of a Measured and Indicated Mineral Resource of 77 million tonnes grading 0.49% copper containing 836 million pounds of copper and an Inferred Mineral Resource of 19 million tonnes grading 0.49% copper containing 206 million pounds of copper. The new Mineral Resource at Blackard improves the grade and increases the size of the Eva Copper Project’s Measured and Indicated Mineral Resource to 228 million tonnes grading 0.42% copper containing 2.1 billion pounds of copper. See Appendix 2 for Eva Copper Project Mineral Resource. | |
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