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Highland Copper Company Inc.

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Summary

Project:

Copperwood

Deposit:Copperwood
Location:United States
Commodities:Copper-Silver
Date:10/19/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Feasibility Study
Report details:19-10-2017: Highland Copper Company Inc. announces a Resource Estimation report for its Copperwood deposit at the Copperwood project. Resource estimate update for the Copperwood Project. G Mining Services Inc. (“GMSI”) was commissioned by Highland Copper
Resources:(Resource, M+I): 42.5Mt @ 1.59% Cu, 3.9g/t Ag for 1500Mlbs Cu, 5.4Moz Ag contained at project
CP/QP:[Resources]: Rejean Sirois (G Mining Services Inc.)
ABSTRACT:G Mining Services Inc. (“GMSI”) was commissioned by Highland Copper Company Inc. (“Highland”) to provide mineral resources estimate for the Copperwood copper Project located in the Upper Peninsula, Michigan, USA. This independent technical report was prepared to support the mineral resource estimate for the project prepared by GMSI and disclosed by Highland on October 19, 2017. Highland acquired the Copperwood Project through the acquisition of all of the outstanding shares of Copperwood Resources Inc. (CRI), formerly known as Orvana Resources US Corp. The Copperwood Project is located in northwest Michigan, USA, in Ironwood and Wakefield townships, Gogebic County. A general property location map is shown in Figure 4.1. The coordinate central to the project area is approximately 270,000 meters (m) East, 5,173,500 m North (UTM Zone 16, NAD83 datum). The Copperwood Project comprises the Copperwood Deposit and the Satellite Deposits. The Copperwood Deposit consists of four metallic and non-metallic mineral leases totaling contiguous 1,904 contiguous hectares under two 20-year lease agreements with Keweenaw Land Association Limited (KLA), a 20-year lease agreement with Sage Minerals Inc. (Sage) and a 30-year mineral lease agreement with A. M. Chesbrough LLC (Chesbrough). The mineral rights’ boundaries and lease details are summarized in Table 1.1. The sections, surveyed as part of the Public Lands Survey System, are identified at corners with federal monuments. The Satellite Deposits consist of options to convert an additional 595 ha into mineral leases on mineralized zones adjacent to the Copperwood Deposit.

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