Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia, Canada. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
Kutcho Copper-Zinc Project, Northern British Columbia
Kutcho Copper Corp. acquired 100% ownership of the Kutcho high grade copper-zinc development project in December 2017 from Capstone Mining Corp. 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. Project accessed by airstrip and seasonal road from Hwy 37 which connects to Smithers and port facilities at Stewart.
Goal to double reserves from current 10.4 Mt through existing resource conversion
Existing Resource Conversion
District Discovery Potential
Kutcho Project Execution Timeline
The Company has re-initiated baseline studies at the Kutcho Project. The planned baseline program will continue with and confirm the environmental and socio-economic data that had been collected previously by Capstone Mining Corp.
Kutcho has also initiated engagement and consultation programs with First Nations, governments, and area stakeholders to discuss value components, opportunities, issues and concerns to ensure that development of the Kutcho Project will be undertaken in a responsible manner that considers all area interests.
Vince Sorace, President & Chief Executive Officer, Director
25 years experience in capital markets
Rob Duncan, Chief Operating Officer
26 years experience in mineral exploration for majors including Rio Tinto and Inmet
Sue Craig, Vice President of Community & Environment
Over 25 years experience in exploration, development, construction, production & mine closure Prior Director of Government & Community Relations for Aurico Gold and led the Environmental Assessment process for NovaGold’s Galore Creek project
Rory Kutluoglu, Vice President of Exploration & Development
Prior Exploration Manager for Kaminak Gold
Angus Christie, Senior Manager of Engineering
Over 30 years experience in mine project development, resource & reserve estimation, mining, mineral beneficiation, water & waste management, environmental management.
Gavin Cooper, Chief Financial Officer
35 years in finance, strategy & senior management
Stephen Quin, Director
Bill Bennett, Director
Jay Sujir, Director
Brad Mercer, Director
On August 21, 2018, Kutcho Copper Corp. announced that it has received from Wheaton Precious Metals Corp. its second advance payment in the amount of $3.5-million (U.S.) (approximately $4.6-million (Canadian)) under the precious metals purchase agreement (PMPA) previously announced on Aug. 10, 2017. The PMPA entitled Kutcho Copper to a total of $7-million (U.S.), which it has now fully received, to finance expenditures related to completing its feasibility study.
On August 15, 2018, Kutcho Copper Corp. announced that it has completed its previously announced short form prospectus offering consisting of 9.2 million flow-through shares at a price of 45 cents per flow-through share for gross proceeds of $4.14-million.
On July 12, 2018, Kutcho Copper Corp. announced that it has launched MineHub Technologies Inc. with a syndicate of industry partners including a senior mining company, one of the world's largest streaming companies, an international base and precious metals and concentrates trading company that specializes in providing trading and financing solutions for miners and smelters and a global financial institution offering banking services in the metals and mining industry. Further details regarding syndicate members will be disclosed in the near future.
On July 4, 2018, Kutcho Copper Corp. announced that it has appointed Sue Craig as vice-president of community and environment. Ms. Craig will be replacing Allison Rippin Armstrong who will be moving into an advisory role for the Company.
On June 18, 2018, Kutcho Copper Corp. announced that drilling has started at its 100-per-cent-owned Kutcho high-grade copper-zinc project located in British Columbia. Approximately 12,000 metres of drilling are planned for the 2018 field season, which is expected to be completed by mid-October.
On June 13, 2018, Kutcho Copper Corp. announced that over 25 exploration targets have been identified across the Kutcho project and have been split into both near-mine drill-ready targets and greenfields opportunities. Of these, nine Tier 1 priority targets have been selected for field follow-up.
On May 15, 2018, Kutcho Copper Corp. announced that it has commenced field mobilization of heavy equipment, camp facilities and drill rigs for the upcoming 2018 field program.
On April 24, 2018, Kutcho Copper Corp. announced that it has chosen Ausenco Engineering Canada Inc. ("Ausenco") to lead the preparation of a feasibility study for the high grade Kutcho copper-zinc project. Ausenco will be supported by a team of geotechnical, environmental, metallurgical, resource, mining and hydrology/hydrogeological consultants.
On April 17, 2018, Kutcho Copper Corp. and Tahltan Central Government announced that they have entered into an Exploration Agreement and a Communication Agreement relating to the Kutcho Project, which is located 100 km east of Dease Lake in Northern British Columbia.
On April 10, 2018, Kutcho Copper Corp. announced that it has entered into an option agreement by which it can earn a 100-per-cent interest in the TCS property located in Northern British Columbia, approximately 90 kilometres from the Kutcho project and 16 kilometres from Dease Lake.
Vince Sorace, president and chief executive officer, stated: "The TCS property covers prospective Kutcho formation rocks with defined copper-zinc anomalies which have never been drill tested and complements the regional exploration work planned for the Kutcho project in 2018 and 2019. TCS has been acquired as a pipeline project and could have several future synergies as it is located proximal to the proposed haul road for the Kutcho project."
On April 4, 2018, Kutcho Copper Corp. announced that it has received from Wheaton Precious Metals Corp. ("Wheaton") its first tranche advanced payment in the amount of US$3.5 million under the Precious Metals Purchase Agreement ("PMPA") previously announced August 10, 2017.