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Copper North Mining Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  1120 - 1095 West Pender Street
Vancouver, BC
Canada V6E 2M6
Tel No.: 604-398-3210
Fax No.: 604-398-3456
Toll Free No.: 1-844-401-2644
Web Site: www.coppernorthmining.com
E-mail: info@coppernorthmining.com
Contact Person: Janka Nemeckova
Position: Office Manager


Company Data

Traded Market: TSX-V
Traded Symbol: COL
Outstanding Shares: 77.48 million
52 Week High: $ 0.125
52 Week Low: $ 0.06
Present Price: Click Here


Introduction

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Copper North Mining Corp. is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Copper-Gold-Silver Project located in the Yukon Territory, the Thor Porphyry Copper-Gold Property in British Columbia, and the Redstone Copper-Silver Property located in the Northwest Territories, Canada.


Projects in Hand

(1) Carmacks Copper-Gold-Silver Project, Yukon

Copper North's key asset is the 100%-owned Carmacks Copper-Gold-Silver Project, located 220 km northwest of Whitehorse, Yukon, Canada. Carmacks is permitted for construction and will produce 30 million pounds of cathode copper per year.

The project is being re-engineered as a copper-gold-silver leach operation. A Preliminary Economic Assessment (PEA) was completed in May 2014 and indicates that the addition of gold and silver recovery provides a positive improvement in project economics. A second phase of engineering work is in progress to evaluate opportunities to further improve operations and reduce capital and operating costs. The Company resumed exploration in 2014 and 2015 leading to a substantial increase in oxide and sulphide resources, with the potential to extend mine life. A new PEA was filed on Sedar, November 25, 2016 that confirms improved project economics.

Investment Attraction

  • Canada and Yukon: low political risk jurisdiction, stable tax regime, current exchange rate favourable for investors.
  • Infrastructure: road access; 10km transmission line to the grid
  • New Preliminary Economic Assessment (PEA), October 2016.
  • PEA Highlights:

    • CAPEX: C$264M
    • Cash costs: 1.08 US$/lb Cu (including Au-Ag credits)
    • NPV (8%): C$55.9M (pre-tax)*
    • Mine life: 7+ years

    *using US$2.75/lb Cu, US$1,300/oz Au

  • High-grade: oxide copper with significant recoverable gold and silver.
  • Cathode Copper: reduces transportation and treatment expense, as compared to cost of shipping and processing copper concentrates.
  • Target Production (late 2020)
    • Forecast annual production of 30 million pounds (13,600 tonnes) LME Grade A copper cathode and 19,500 ounces of gold and 21,600 ounces of silver.
  • Carmacks Resource Expansion Progressing:
    • 2014 Measured & Indicated Resource
      • 11.98 million tonnes at 1.07% Cu, 0.456 g/t Au and 4.58 g/t Ag
      • 282 million pounds of Contained Copper, 171,800 ounces of Gold & 1,705,800 ounces of Silver
    • 2015 exploration success, doubled mineral resource
    • 2017 drilling to expand oxide mineral resource and mine life.

(2) Thor Porphyry Copper-Gold Project, British Columbia

Copper North acquired a 100% interest in the Thor property in August 2014. Thor is a new copper-gold porphyry deposit in Kemess District, immediately south of the Kemess Mine in north central British Columbia. Thor provides Copper North with an attractive exploration and discovery opportunity adjacent a major dormant mine-mill complex. An exploration program, including drilling of porphyry copper-gold targets, was successfully completed in October 2016.

  • Large land holding: 20,000 hectares
  • Well positioned in the NNW trending porphyry copper-gold-silver belt
  • Maiden discovery of porphyry style mineralization
  • Good location adjacent to Kemess mine and mill facility and infrastructure
  • Multiple alteration zones and attractive targets
  • Thor East targets
    • Alteration and mineralization increases towards the drill target area. Porphyritic intrusions, EB veins, M-veins and A-veins with cpy-bn all occur in the potassic zone

In 2016, one hole, TH16-01, was drilled in the Thor East target and intersected porphyry-style copper-gold mineralization grading 107.6 m of 0.14% Cu and 0.045 g/t Au including 23.85 m of 0.28% Cu and 0.087 g/t Au. The quartz veining and alteration at the top of the hole is an encouraging sign and provides a good vector to better locate the exploration target.

(3) Redstone Copper-Silver Project, Northwest Territories

Copper North's 100% owned Coates Lake deposit, located in the Redstone Copper Belt, Northwest Territories, Canada, is the second largest high grade (>2.5% Cu) undeveloped copper deposit in the world with an historic resource of 33.4 Mt of 3.92% Cu and 11.3 g/t Ag.

The Redstone Copperbelt is an underexplored district that is highly prospective for sediment hosted copper deposits with strong geological similarities to the giant deposits found in the Central African Copperbelt of the Democratic Republic of Congo and Zambia or the Polish Kupferschiefer. Mineralization has been traced over a 6 km strike length at Coates Lake and IP chargeability anomalies extend for a further 4 km along strike. The deposit is open to the north, west and south. Drill ready targets have been identified and may lead to significant expansion of known areas of mineralization. The Coates Lake deposit is a high quality copper asset in a stable jurisdiction and has significant upside potential.


Management

Management and Directors

Harlan Meade, Ph.D., MBA, President and Chief Executive Officer, Director

Dr. Meade is the former President and CEO of Selwyn Resources Ltd. He has more than 40 years' experience in exploration and development in the mining industry. He has played a key role in the discovery and development of several mineral deposits in North and South America. He is member of the Association of Professional Engineers and Geologists of British Columbia and the Society of Economic Geologists.

Rebecca Moriarty, CPA CA, Chief Financial Officer

Mrs. Moriarty is a chartered professional accountant with over 16 years of experience related to the mining industry. She previously spent 11 years at Pricewaterhusecoopers LLP working with public resource companies.

Doug Ramsey, M.Sc., R.P.Bio., VP, Sustainability and Environmental Affairs

Mr. Ramsey joined Copper North after 30 years in environmental consulting, with an emphasis on the permitting of mining and other resource development projects. Prior to joining Copper North, Mr. Ramsey managed the environmental permitting practice for Wardrop.

Corey M. Dean, B.Comm., LL.B., Corporate Secretary

Mr. Dean has practiced corporate, securities and natural resource law with a focus on corporate finance and mergers and acquisitions since 1981.

Bill Koutsouras, CA, CFA, Director

Bill LeClair, B.Comm., FCA, Director

Robert McKnight, P.Eng., MBA, Director

Lorne Anderson, CA, Director

Please refer to Copper North's website www.coppernorthmining.com for complete biographies.


News Update

On July 30, 2018, Copper North Mining Corp. announced that as a result of positive investor response to its previously announced non-brokered private placement, as disclosed in a news release dated July 24, 2018, Copper North has increased the size of the offering from $50,000 to $100,000.

On July 24, 2018, Copper North Mining Corp. announced that it plans to raise up to $50,000 by way of a non-brokered private placement.

On May 11, 2018, Copper North Mining Corp. has granted incentive stock options to a director. The grant comprises 250,000 options at a strike price of five cents valid for a period of five years.

On April 19, 2018, Copper North Mining Corp. announced the expansion of oxide copper-gold-silver mineral resources at the Carmacks Project, Yukon Territory. The mineral resource expansion is in the southern extension of the Carmacks mineral deposit, in Zones 2000S, 13, and 12, on the basis of the step-out and infill drilling program conducted in September and October 2017 and the recently completed updated mineral resource estimate ("Updated Mineral Resource").

On March 13, 2018, Copper North Mining Corp. announced that further to its news release dated January 31, 2018, the Company has closed non-brokered private placement. The closing consisted of the issuance of 1,333,349 Common Shares at $0.06 per share for gross proceeds of $80,801.

The copper news update as of February 26, 2018: https://coppernorthminnig.us12.list-manage.com/track/click?u=0097ea5f9b629d21834888f2b&id=e09db4b433&e=51a59f34d6

The copper news update as of February 20, 2018: https://gallery.mailchimp.com/0097ea5f9b629d21834888f2b/files/549132be-1a53-4634-8638-ea539543eda1/Copper_North_Feb_20_2018.pdf

On January 31, 2018, Copper North Mining Corp. announced that it has arranged a non-brokered private placement offering to sell 13,333,333 common shares at a price of six cents per common share to raise gross proceeds of up to $800,000.

The copper news update as of January 22, 2018: Copper_Note_January_22_2018.pdf

On January 17, 2018, Copper North Mining Corp. has released the final results of the 2017 drill program on the Carmacks oxide copper-gold-silver project, Yukon, Canada.

Highlights of the assays in zone 13 include:

  • CN17-19: 50.2-metre true width of 0.68 per cent copper, 0.13 gram per tonne gold and 1.95 grams per tonne silver (sulphide);
  • CN17-20: 55.4-metre true width of 0.61 per cent Cu, 0.13 g/t Au and 1.84 g/t Ag (oxide transition to sulphide);
  • CN17-32: 32.3-metre true width of 0.68 per cent Cu, 0.18 g/t Au and 2.46 g/t Ag (oxide).

The copper news update as of January 15, 2018: Copper_Note_January_15_2018.pdf

On January 9, 2018, Copper Mountain Mining Corp. has released production results for 2017 and the fourth quarter of 2017 from the Copper Mountain mine located in Southern British Columbia.

Total production for the 2017 year was 88.3 million pounds of copper equivalent, including 75.8 million pounds of copper, 23,600 ounces of gold and 277,000 ounces of silver, within 2017 guidance numbers. The mill averaged 90.3-per-cent operating time for the year which takes into account the SAG (semi-autogenous grinding) gear change in April. The mill processed a total of 14.1 million tonnes of ore at an average rate of 38,592 tonnes per day and a grade of 0.317 per cent copper.

On January 9, 2018, Copper Mountain Mining Corp. announced that it has closed its non-brokered private placement for gross proceeds of $74,970. The Company issued 882,000 flow-through shares at a price of 8.5 cents per share.

On January 8, 2018, Copper Mountain Mining Corp. has released results of drilling on the Carmacks oxide Cu-Au-Ag (copper-gold-silver) project, Yukon, Canada. Seven holes were drilled within the zone 2000S.

Highlights of the assays:

  • CN17-21: 34.9 metres in true width of 0.65 per cent copper, 0.14 gram per tonne gold and 2.47 g/t silver;
  • CN17-15: 21.5 m true width of 0.65 per cent Cu, 0.14 g/t Au and 2.93 g/t Ag;
  • CN17-24: 49.5 m true width of 0.44 per cent Cu, 0.13 g/t Au and 2.14 g/t Ag.

On January 3, 2018, Copper North Mining Corp. is correcting a news release for a private placement. The previously announced private placement of Dec. 6, 2017, is replaced by a new private placement, originally news released Jan. 2, 2018, raising gross proceeds of $74,970 through the issuance of 882,000 flow-through common shares at a price of 8.5 cents per share.

On December 18, 2017, Copper North Mining Corp. announced that it has retained Mackie Research Capital Corp. to provide market-making services to the Company.

On December 14, 2017, Copper North Mining Corp. announced that it has appointed Lorne Anderson to its board of directors. Mr. Anderson is a chartered accountant and has over 20 years of experience in the mining industry.

On December 6, 2017, Copper North Mining Corp. announced that it has arranged a non-brokered private placement offering to sell up to five million of flow-through shares at a price of 10 cents per common share and 10 million common shares at a price of eight cents per common share to raise gross proceeds of $1.3-million.

On October 31, 2017, Copper North Mining Corp. announced progress of drilling on the Carmacks Copper-Gold-Silver Project, Yukon, Canada. To date, approximately 4,000 metres have been drilled in 32 holes. The drilling has mainly focused on Zone 2000S and Zone 13. Oxide copper mineralization, native copper, and sulphide copper mineralization have been observed in drill cores from Zone 13 and Zone 2000S; assays are pending.


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