The Kutcho property is located approximately 100 km east of Dease Lake in the Liard mining division of northern British Columbia, and consists of one mining lease and 46 mineral exploration claims covering an area of approximately 17,060 hectares. The site is accessible via a 900 m long gravel airstrip located 10 km from the deposit and a 100 km long seasonal road from Dease Lake suitable for tracked and low-impact vehicles.
Classification | Cut-off Grade (% Cu) | Tonnage (‘000) | Grade | Contained Metal | |||||||
Cu (%) | Zn (%) | Au (g/t) | Ag (g/t) | CuEq(2) (%) | Cu (Mlbs) | Zn (Mlbs) | Au (Moz) | Ag (Moz) | |||
Main Probable Reserve(3) | 1.5 | 8,106 | 1.92 | 2.51 | 0.31 | 28.0 | 2.59 | 344 | 449 | 0.08 | 7.3 |
Esso Probable Reserve(3) | 1.0 | 2,335 | 2.32 | 5.53 | 0.59 | 57.5 | 4.05 | 119 | 285 | 0.04 | 4.3 |
Total Probable Reserve(3) | 1.0-1.5 | 10,441 | 2.01 | 3.19 | 0.37 | 34.6 | 2.92 | 463 | 734 | 0.12 | 11.6 |
Measured (M) | 1.0 | 7,695 | 1.89 | 2.61 | 0.31 | 28.7 | 2.60 | 321 | 443 | 0.08 | 7.1 |
Indicated (I) | 1.0 | 9,158 | 1.89 | 3.09 | 0.39 | 36.3 | 2.80 | 382 | 624 | 0.12 | 10.7 |
M&I Resource | 1.0 | 16,853 | 1.89 | 2.87 | 0.36 | 32.8 | 2.71 | 701 | 1068 | 0.20 | 17.8 |
Inferred Resource(4) | 1.0 | 5,798 | 1.33 | 1.64 | 0.24 | 23.2 | 1.79 | 170 | 209 | 0.04 | 4.3 |
(1)Preliminary feasibility study dated July 2017, prepared by JDS Mining Inc. for Desert Star Resources titled “Kutcho Copper Project Prefeasibility Study British Columbia.”
(2) Copper equivalent grade (CuEq%) calculated as copper equivalent recovered and based on commodity prices of $2.75/lb Cu, $1.10/lb Zn, $17.00/oz Ag and $1,250/oz Au and recoveries of 84.7% Cu, 75.7% Zn, 48.0% Ag, 41.2% Au. Actual economic parameters, including recoveries, are subject to change as additional test work and studies are completed.
(3) A Probable Mineral Reserve is the economically mineable part of an Indicated Mineral Resource, and in some circumstances a Measured Mineral Resource, demonstrated by at least a Preliminary Feasibility Study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified.
(4) The economic analysis contained in the 2017 PFS does not include inferred resources.
Kutcho’s experience management and technical team plans to advance the Kutcho project to a completed feasibility study in Q2-Q3 2019 and advancing through the permitting process.
Highlights include:
Rory Kutluoglu, B.Sc. P.Geo., a Qualified Person as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this Website. Mr. Kutluoglu is the Company’s Vice President Exploration.