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Highland Copper Company Inc.
Summary
| Project: | Copperwood | |
|---|---|---|
| Deposit: | Copperwood | |
| Location: | United States | |
| Commodities: | Copper-Silver | |
| Date: | 6/15/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 15-6-2018: Highland Copper Company Inc. announces a Feasibility Study report for its Copperwood deposit at the Copperwood project. Feasibility Study results incl. Post-tax NPV of US $316M (0%), IRR of 18%, Initial reserve at project. Longueuil, Canada, Ju | |
| Resources: | (Reserve, P+P): 25.4Mt @ 1.43% Cu, 3.83g/t Ag for 801Mlbs Cu, 3.1Moz Ag contained | |
| CP/QP: | [Resources]: Rejan Sirois (G Mining Services Inc.) | |
| ABSTRACT: | Longueuil, Canada, June 15, 2018. Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) is pleased to announce the results of a feasibility study (the “Feasibility Study”) for its 100%-owned Copperwood project located in Gogebic County, in the Western Upper Peninsula of Michigan, U.S.A. (the “Copperwood Project”). “A major step forward for the Copperwood Project” said Denis Miville-Deschênes, President and CEO of Highland Copper. “The Feasibility Study demonstrates the significant potential of this project located in a great historic mining jurisdiction. Based on the results of the study, we can now focus on putting in place a comprehensive financing package.” He added “The development of a mine at Copperwood represents a tremendous opportunity to create hundreds of jobs in the region.” The Feasibility Study was conducted by, and under the supervision of, G Mining Services Inc. (“GMSI”) in collaboration with SGS Canada Inc. (Lakefield), Lycopodium Minerals Canada Ltd, Golder Associates and Foth Infrastructure and Environment. The study provides a comprehensive overview of the Copperwood Project and defines an economically feasible, technically and environmentally sound project. | |
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