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THEMAC Resources Group Ltd.
Summary
| Project: | Copper Flat | |
|---|---|---|
| Deposit: | Copper Flat | |
| Location: | United States | |
| Commodities: | Copper-Molybdenum-Gold-Silver | |
| Date: | 2/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2020: THEMAC Resources Group Ltd. announces a Feasibility Study report for its Copper Flat deposit at the Copper Flat project. Updated Feasibilty Study contains NPV (8%) of US$240M and IRR of 21.1%. VANCOUVER, British Columbia, Feb. 28, 2020 (GLOBE N | |
| Resources: | (Reserves, P+P): 113Mt @ 0.30% Cu, 0.009% Mo, 0.003oz/t Au, 0.06oz/t Ag | |
| CP/QP: | [Resources]: John Marek (Independent Mining Consultants) | |
| ABSTRACT: | VANCOUVER, British Columbia, Feb. 28, 2020 (GLOBE NEWSWIRE) -- THEMAC Resources Group Limited (TSX VENTURE:MAC) (“THEMAC” or the “Company”) announced today an update of project economics and permitting for the Copper Flat Mine Project in Sierra County, New Mexico, USA. A technical report titled “Copper Flat Project, Form NI 43-101F1 Technical Report Project Feasibility Study Update” meeting the CIM definitions for a feasibility study to support this announcement is being prepared by M3 Engineering & Technology Corporation in Tucson, Arizona. The Technical Report will be issued within 45 days of the date of this news release. When complete, the Report will be available on SEDAR (www.sedar.com) and on the Company's website (www.themacresourcesgroup.com). All amounts and quantities presented in this report are stated in United States Dollars and US standard units unless labeled otherwise. Copper Flat is a former producing mine located in Sierra County, New Mexico, approximately 150 miles south of Albuquerque, New Mexico, and 20 miles southwest of the town of Truth or Consequences, New Mexico. The project land package comprises 5,077 acres, with the majority of the mineral reserves located on patented mining claims that are wholly owned by THEMAC through its 100% ownership of New Mexico Copper Corporation (NMCC). | |
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