Posted in | News | Copper | Mining Business

Capstone Enters into Access Agreement to Conduct Drill and Metallurgical Test Work at BHP's Copper Cities Project

Capstone Mining Corp. is pleased to announce that it has entered into an 18-month access agreement to conduct drill and metallurgical test work at BHP Copper Inc.'s ("BHP") Copper Cities project ("Copper Cities") located 10 km east of the Pinto Valley Mine ("Pinto Valley").

Darren Pylot, Capstone's CEO commented, "I am excited that we have started test work on a property neighbouring our flagship Pinto Valley operation." Mr. Pylot added, "Historic drill data from over 300 holes suggest a shallow copper target and a potentially low strip ratio pointing to a significant development opportunity."

Brad Mercer, Capstone's SVP Strategic Projects and Exploration said, "We believe Copper Cities is geologically a mirror image of Pinto Valley with the same host rocks and age. Our plan currently underway calls for a $6.7 million two phase drill program aimed at twinning historical drill holes and to select a portion of these for metallurgical testing. Discussions between Capstone and BHP are at an early stage."

About Copper Cities Project

Copper Cities was developed in the 1950s as a part of America's national effort to increase copper production to support the war effort in Korea. The operations included open pit mining, concentrating and leaching of copper ores. The mining and milling concluded in 1978 while leaching continued until 1982 when the site closed. Over the mine life according to USGS records, a total of 68.7 million tonnes of ore was milled at an estimated feed grade of approximately 0.66% with production of 895 million pounds of copper including 75 million pounds of copper cathode.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.