Jun 30 2015
Highland Copper Company Inc. reports the filing of a technical report in accordance with National Instrument 43-101 supporting the results of the mineral resource estimate for the Copperwood Copper Project announced by Highland in its May 11, 2015 news release.
The independent technical report entitled "NI 43-101 Technical Report on the Copperwood Copper Project, Michigan USA" has an effective date of April 15, 2015. It is available on SEDAR (www.sedar.com) and on the website of Highland.
It has been estimated that the Copperwood Project contains 1.06 billion pounds of copper and 4.2 million ounces of silver in the measured and indicated resource category (29.1 million tonnes grading an average of 1.65% copper and 4.51g/t silver) and 1.1 billion pounds of copper and 2.7 million ounces of silver in the inferred category (40.5 million tonnes grading an average of 1.23% copper and 2.10g/t silver). See the May 11, 2015 news release and technical report for more information.
Highland is in the process of assessing a number of options in the development of the Copperwood, White Pine North and Keweenaw projects. Highland aims to maximize synergies among these projects, minimizing development costs and reducing overall environmental impact. The preferred options will be detailed in a pre-feasibility study scheduled to be published later in the year.
Highland also plans to conduct additional metallurgical and geotechnical work on the Copperwood deposit and drill in-fill holes in the higher-grade zones of the Satellite deposits, subject to the availability of necessary funding. The Copperwood Project was acquired by Highland in 2014 and is fully permitted.
Source: http://www.highlandcopper.com/