Just three months after Highland Copper (TSXV: HI) worked out a deal to buy the White Pine project in northern Michigan from a subsidiary of First Quantum Minerals (TSX: FM), the Quebec-based company is back at it again – enlarging its footprint in this prospective northeastern corner of the United States with the acquisition of Orvana Minerals’ (TSX: ORV) Copperwood project.
The shovel ready Copperwood project in Michigan’s Upper Peninsula is about 30 km southwest of the White Pine project. And White Pine lies about 100 km northeast of Highland Copper’s existing Keweenaw project, which encompasses about 3,640 hectares of ground and includes two historic deposits, 543S and G-2.
Copperwood has all major permits in place and has the potential to be in production by late 2015.
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