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Copper North Mining Corp.
Summary
| Project: | Carmacks | |
|---|---|---|
| Deposit: | Carmacks | |
| Location: | Canada | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 2/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-2-2017: Copper North Mining Corp. announces a PEA report for its Carmacks deposit at the Carmacks project. Amended PEA results incl. pre-tax NPV (8%) of $12M, IRR of 9.4%, 5.2yr payback. Copper North Mining Corp. (CNMC) commissioned JDS Energy & Mining | |
| Resources: | ||
| CP/QP: | [Resources]: Dr. Gilles Arseneau (Arseneau Consulting Services) | |
| ABSTRACT: | Copper North Mining Corp. (CNMC) commissioned JDS Energy & Mining Ltd. (JDS) to complete a Preliminary Economic Assessment (PEA) for the Carmacks Project, located 192 km north of Whitehorse, the capital of the Yukon Territory. The purpose of this study is to develop and document a preliminary project design and economics for recovery of copper, gold, and silver from the oxide mineralization using agitated tank leach technology. The structure and content of this report uses National Instrument 43-101, Standards of Disclosure for Mineral Projects (NI 43-101) as a guideline. The Carmacks project is located in the Dawson Range at latitude 62°21’N and longitude 136° 41’W. The project site is located on Williams Creek, 8 km west of the Yukon River and 38 km northwest of the town of Carmacks. Figure 1.1 shows the general project location on a territorial scale. The project site is located in the Whitehorse mining division of the Yukon and consists of 373 quartz claims and 20 quartz leases. The operating cost estimate (OPEX) is based on a combination of experience, reference project, budgetary quotes and factors as appropriate with a preliminary study. Preparation of the operating cost estimate is based on the JDS philosophy that emphasizes accuracy over contingency and utilizes defined and proven project execution strategies. The operating cost estimate in this study includes the costs to mine and process the mineralized material to produce copper cathode and doré and general and administrative expenses (G&A). Detailed market studies on the potential sale of copper cathode and doré from the Carmacks Project were not completed. The terms were reviewed and found to be acceptable by QP Gord Doerksen, P.Eng. No contractual arrangements for shipping, port usage, or refining exist at this time. | |
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