Kutcho Copper says it can complete a feasibility study on its namesake Kutcho project in north-central B.C. within roughly seven months if it can raise $3 million.
Earlier this year, the aspiring base metal developer tabled an updated resource estimate on the copper-zinc project, delineating a global measured and indicated resource within the Main and Esso deposits of 17.3 million tonnes grading 2.6% copper equivalent (1.85% copper, 2.72% zinc, 0.49 gram gold per tonne and 33.9 grams silver per tonne). Inferred resources add 10.7 million inferred tonnes averaging 1.67% copper equivalent (1.18% copper, 1.76% zinc, 0.26 gram gold per tonne and 21.5 grams silver per tonne).
Kutcho Copper acquired the project, 200 km east of Dease Lake, from Capstone Mining in late 2017 for $28.8 million and a 9.9% share position, after a revised prefeasibility study (PFS) presented encouraging economics.
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