Announcement Date: 2022-11-01
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Canadian Copper Inc.
Project name: Chester
Location: Canada
Commodities: Copper
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: TORONTO, Nov. 1, 2022 /CNW/ – Canadian Copper Inc. (“Canadian Copper” or the “Company”) (CSE: CCI) is pleased to announce a new Mineral Resource Estimate (“MRE” or “Mineral Resources”) for the Chester Copper Project (“Chester”) located in New Brunswick, Canada. The MRE was prepared by APEX Geoscience Ltd. (“APEX”) in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards and National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“43-101”). A metallurgical characterization test program is underway at RPC Science & Engineering based in Fredericton, New Brunswick which is partially funded through The National Research Council of Canada Industrial Research Assistance Program (“NRC IRAP”). The objectives of this metallurgical program are to improve our beneficiation understanding and investigate recovery opportunities for the Central and the East Zones at Chester. Conceptual open pit mine planning to further identify value enhancing opportunities of this outcropping VMS deposit. Specifically, this effort will assist in our next exploration program planning to define drill targets that will further improve economics as-well as upgrade historic drilling that is excluded from this MRE including additional by-product metal domains.
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