The Copper Mountain mine near Princeton, B.C. (Image: Copper Mountain Mining)
BRITISH COLUMBIA – Vancouver-based Copper Mountain Mining has updated both the resources and planned mine life for its copper mine of the same name near Princeton.
Using a 0.16% copper cut-off, the measured and indicated resource is 343.9 million tonnes grading 0.26% copper, 0.08 g/t gold and 0.82 g/t silver. Included in those numbers are proven and probable reserves of 210.1 million tonnes grading 0.26% copper (1.2 billion lb.), 0.08 g/t gold (504,000 oz.) and 0.89 g/t silver (5.9 million oz.). There is also an inferred resource of 112.3 million tonnes at 0.08% copper, 0.58 g/t gold and 0.58 g/t silver.
Copper Mountain says it expects to mine 148.0 million tonnes of ore and move 424.0 million tonnes of waste over the 14 remaining years of the Copper Mountain mine life. With average recoveries of 79% for copper, 68% for gold and 71% for silver, total production is expected to be 925.0 million lb. of copper, 333,000 oz. of gold and 4.2 million oz. of silver.
None of these numbers refer to material in the New Ingerbelle deposit. Please visit www.CuMtn.com for more information.