Mining
Wednesday, July 27th, 2022 10:21 am EDT
The inferred resource is 45.2 million tonnes for 427,931 lb. of metal grading at 0.43% copper and 0.50% copper-equivalent.
“This updated mineral resource estimate adds to our overall copper-gold resource base with both size and good grades close to surface,” NorthWest Copper CEO Peter Bell said in a statement. “Our portfolio continues to deliver results, and the proximity of Lorraine to our flagship Kwanika-Stardust projects is significant.”
The company said the increased resource holds the potential for it to at least examine the potential for inclusion in a regional hub and spoke operation, given the shallow nature of the high-grade mineralization and its proximity to established access.
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