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Copper Mountain Mining Corp.
Summary
| Project: | Copper Mountain Mine | |
|---|---|---|
| Deposit: | Copper Mountain Mine | |
| Location: | Canada | |
| Commodities: | Copper-Silver-Gold | |
| Date: | 10/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-10-2019: Copper Mountain Mining Corp. announces a Resource Estimation report for its Copper Mountain Mine deposit at the Copper Mountain Mine project. Updated resource/reserve and improved mine plan. Vancouver, British Columbia – October 28, 2019 – Cop | |
| Resources: | (Reserve, P+P): 476.795Mt @ 0.23% Cu, 0.10g/t Au, 0.73g/t Ag at project | |
| CP/QP: | [Resources]: Peter Holbek (Internal) | |
| ABSTRACT: | Vancouver, British Columbia – October 28, 2019 – Copper Mountain Mining Corporation (TSX: CMMC | ASX:C6C) (the “Company” or “Copper Mountain”) is pleased to announce that it has expanded Copper Mountain Mine’s (“CMM” or the “Mine”) Mineral Reserve and Mineral Resource and has also optimized the mine plan resulting in a lower strip ratio, longer mine life and smoother production profile. The Copper Mountain Mine is located in southern British Columbia. All metrics are on a 100% project basis. Gil Clausen, Copper Mountain’s President and CEO stated, “We continue to grow the size and quality of the Copper Mountain Mine Mineral Reserves. Over the last year we have integrated the New Ingerbelle pit and now we have increased and integrated the CMM North pit as well as optimized the CMM Main pit. The North pit brings low cost production given it is mineralized from surface and adjacent to the Copper Mountain Mine’s mid-grade and lowgrade stockpiles and the primary crusher. Notably, the North pit requires zero initial capital to develop and has a low strip ratio of 0.85 waste tonnes to ore tonnes, which, when combined with the new design optimizations of the established pits, decreases total life of mine strip ratio for the entire operation to 1.58 from 1.82.” | |
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