CA Market News
1月前
Kutcho Copper Outlines Esso West - Highest Priority Near Resource Drill Target for 2026 Exploration ProgramApril 30, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 30, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") is pleased to highlight the highest priority near resource drill target at its feasibility stage, high-grade copper-zinc development project (the "Project") located in Northwest British Columbia. Vince Sorace, President & CEO of Kutcho Copper, stated: "Esso West is our most exciting and highest priority drill target on the Kutcho Project. Delineated by new ZTEM and seismic surveys never conducted over the target area in the past, Esso West is a highly prospective geophysical and geologically constrained target area covering nearly 1 km2. The Esso West target on its own presents the potential for significant scale and value addition to the Kutcho project.""The nearby Esso deposit contains an Indicated resource of 2.6 mt at 4.4% CuEqR, and an Inferred resource of 2.1 mt at 2.15% CuEqR, representing approximately 50% of the value of the entire Kutcho project. The Esso West target exhibits similar characteristics in mineralization and grade as the Esso deposit, and has the potential to host multiple Esso style deposits. Our fully funded 2026 drill program planned to commence in June will include up to 7 drill holes into the Esso West target." Highest Priority Untested VMS Target Within 5 km of Defined ResourcesThe prospective, near planar, Kutcho Time Horizon extends for over 12 km along strike and along with all known deposits at the Project, includes the Esso West target. Esso West is an untested ZTEM conductivity high near to the known mineralization.Seismic reflection surveys over the Esso West target revealed detailed subsurface geological features that positviely correlate to those at the Esso Deposit - allowing for high conviction drill targeting where conincident with ZTEM conductivity highs.The target is strongly supported by geology, magnetic, and seismic data that have been benchmarked against the high-grade Esso deposit.The Esso West VMS target covers an area nearly 1 km2 - an area over 4 times larger than the Esso Deposit.Figure 1: Plan view of the geologically contrained ZTEM conductivity high within the Kutcho Time Horizon that encompasses the known resource lenses and new near resource targets.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/295104_099b61c354080bce_002full.jpgFigure 2: Isometric view looking to the Southwest showing topography, the Kutcho Time Horizon with ZTEM conductivity, known resources, historic and planned drilling. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/295104_099b61c354080bce_003full.jpgEsso West - A Well-Defined Geophysical TargetEsso West is a high priority drill target covering an area of 1,900 m strike by 500 m down dip. It is defined by coincident ZTEM, VTEM, and magnetic anomalies that lie along strike and to the west of the high-grade Esso deposit. The target is bracketed by a total of five historic drillholes that intercepted a combination of (a) moderately to strongly sericite - pyrite altered quartz - crystal tuffs that correlate to the immediate hanging wall rocks to the Main, Sumac, and Esso deposits and (b) sericite - pyrite altered lapilli tuffs, which are indicative of the foot wall sequence below the three known deposits. However, none of these holes directly intersected the Esso West target. In 2023 a seismic reflection survey over the Esso West target (and comparison seismic lines over the Esso deposit) was run to understand the subsurface geology in this area of low drilling density. It allowed for 3D modelling of the geological units and position of the Kutcho Time Horizon, this provides excellent control on drill targeting.The combination of the ZTEM conductivity high and geological indicators at the Esso West deposit, including its position on a geological basement high and based on magnetic and seismic data the inferred presence of a distinctive magnetic hanging wall gabbro dyke characteristic of Esso and Main deposit geology make the Esso West a compelling target. The Company has high conviction about the potential outcome of the planned drilling campaign.Figure 3: Isometric view looking northwest of Esso West target morphology, seismic sections and historic drilling. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/295104_099b61c354080bce_004full.jpgThe 2026 Exploration ProgramThe Company is fully funded for its planned June 2026 drill program, in which it intends to drill test the Hamburger, the Gap and the Esso West targets. The entire exploration program is planned for 9-11 holes (approximately 4500 - 6000m of drilling). All drill holes will be accompanied by a down-hole EM survey which will confirm EM strength and avail target direction refinement. The Company also plans to complete soil sampling and prospecting on four early-stage targets during the summer of 2026. Figure 4: Isometric view looking to the Southwest showing topography, the Kutcho Time Horizon with ZTEM conductivity, known resources, historic and planned drilling.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/295104_099b61c354080bce_005full.jpgQualified PersonsThe technical or scientific information in this press release has been reviewed and approved by Andrew Sharp, P.Eng BC (Lic. No. 47907), FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as a qualified person under the definition of National Instrument 43-101.NotesRegional and Near Resource Exploration Targets are considered early-stage exploration targets which do not contain any mineral resources as defined by NI 43-101. There has been insufficient exploration to define a mineral resource for the targets disclosed. It is uncertain whether further exploration will result in these targets being delineated as a mineral resource.ZTEM is an acronym referring to the Z-Axis Tipper Electromagnetic technique which is a geophysical technique utilizing natural earth currents to image the subsurface three-dimensional distribution of apparent resistivity to depths exceeding one kilometer.VTEM is an acronym referring the "Versatile Time-Domain Electromagnetic" technique and is useful for detecting and discriminating between moderate to excellent conductors.Electrical Conductivity may indicate the presence of mineralization of economic interest, but also a range of other possibilities, including electrically conductive mudstones, alteration and mineralization such as pyrite.Historical Data: This news release includes historical information that has been reviewed by Kutcho's qualified person (QP). Kutcho's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, Kutcho cannot directly verify the accuracy of the historical data, including (but not limited to) the procedures used for sample collection and analysis. Therefore, any conclusions or interpretations borne from use of this data should be considered too speculative to suggest that additional exploration will result in mineral resource delineation. Kutcho encourages readers to exercise appropriate caution when evaluating these data and/or results.Technical Disclosure: The material scientific and technical information in respect of the Kutcho Project in this news release is, unless otherwise indicated, based upon information contained in the technical report titled "NI 43-101 Feasibility Study Technical Report for the Kutcho Copper Project, British Columbia, Canada" dated effective November 8, 2021 and issued December 22, 2021 (the "FS" or "2021 Feasibility Study"). The 2021 Feasibility Study was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the mining property disclosure rules specified in Subpart 1300 of Regulation S-K under the United States Securities Act of 1933 ("Subpart 1300") promulgated by the SEC. Accordingly, information concerning mineral deposits from the 2021 Feasibility Study set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.About Kutcho CopperKutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company recently completed a feasibility study on the Kutcho project and is advancing permitting with the objective of getting to a positive construction decision.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca. Tel: (778) 357-1249Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "advance", "de-risk", "execute", "incorporate", "accretive", "plans", "compelling", "believes", "intends", "potential", "value opportunities", "upside", variations of these words and similar expressions, or that events or conditions "will", "may", "could", "should" or "would" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, statements and information related to the Feasibility Study; the funding, timing and results of planned exploration programs; the ability of the Company to upgrade inferred mineral resources to higher categories and, subsequently, to mineral reserves; the outcome of potential optimizations and opportunities identified in the Feasibility Study and subsequently; the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects, including the environmental assessment process; the ability of the Company to conclude agreements with First Nations; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295104
Original: Kutcho Copper Outlines Esso West - Highest Priority Near Resource Drill Target for 2026 Exploration Program
CA Market News
2月前
Kutcho Copper Announces Appointment of Board MemberApril 22, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") is pleased to announce the appointment of Andrew Kaip as a Director of the Company. Vince Sorace, President & CEO of Kutcho Copper commented: "We welcome the addition of Mr. Kaip to the team at Kutcho Copper. His 30 years of expertise and experience in the mining sector and capital markets adds significant value and depth to the Company. We look forward to working with Andrew, leveraging his knowledge around the Kutcho project and for new strategic opportunities."Andrew Kaip stated: "I am delighted to join the Board of Kutcho Copper at an exciting stage in the Company's development. Kutcho Copper has advanced it's the high-grade copper-zinc project to the feasibility-stage. This positions Kutcho Copper amongst a select group of companies in Canada with "new mine" projects ready to meet future critical metals needs."Mr. Andrew Kaip joined Konwave AG in January, 2025, where he provides technical due diligence to the Konwave AG Group of Funds. Mr. Kaip has extensive experience in the mining sector, and brings a global perspective through more than 30 years of industry and capital markets experience. As a mining analyst, he was consistently ranked in the top 3 by Brendan Woods International for both the large and small/mid cap precious metal and diamond categories. Working with BMO Capital Markets as the co-head of mining research, Mr. Kaip was instrumental in building a global franchise covering more than 150 companies. He brings a unique perspective having covered the spectrum of mining companies from the largest gold miners to some of the smallest grassroots explorers. As a geologist, Mr. Kaip spent over a decade in the exploration industry working in North and South/Central America. Recently, as vice-president of business development for Hy-Tech Drilling Ltd., he added experience in the diamond drilling sector to his breadth of mining sector experience.The Company also announces the cancellation of 1,900,000 stock options previously granted to past and current senior officers and directors of the Company, with each option exercisable at a price of $0.90 and expiring January 20, 2027.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca. Tel: (778) 357-1249Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, statements and information related to the Feasibility Study; the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects, including the environmental assessment process; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/293716
Original: Kutcho Copper Announces Appointment of Board Member
CA Market News
2月前
Kutcho Copper Announces Appointment of Board MemberApril 15, 2026 8:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 15, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") is pleased to announce the appointment of Jody Shimkus as a Director of the Company. Vince Sorace, President & CEO of Kutcho Copper commented: "We welcome the addition of Ms. Shimkus to the team at Kutcho Copper. Her expertise, experience and depth of knowledge in environmental policies and regulatory affairs adds significant value to the Company as we look forward to taking the Kutcho project through the permitting process to a positive construction decision."Jody Shimkus stated: "I am delighted to join the Board of Kutcho Copper. This is an exciting project that provides an excellent opportunity to advance a new mine in the Province of BC at a time when critical mineral development is essential to the modern economy". Jody Shimkus is an experienced leader in environmental policy and regulatory affairs with over 35 years of private and public sector experience. Jody has significant knowledge managing politically sensitive and complex projects that involve high levels of engagement with Indigenous groups and stakeholders. She is currently President of JMS Consulting Inc. and advises mining companies on regulatory authorizations, including all phases of mine development from exploration, construction thru to operations. Jody is Chair of the Governance Committee at Thesis Gold & Silver.Previously, Jody was an Assistant Deputy Minister with the Ministry of the Environment, Ministry of Natural Resource Operations and the Ministry of Mines. She has worked in treaty negotiations in BC and the Yukon and led the implementation of the first resource revenue sharing agreements for mining projects in BC. She holds a BA from the University of Winnipeg, a Masters in Public Administration from the University of Manitoba, and Certificates in Sustainable Capitalism and ESG and Sustainable Capitalism for Directors, both from the University of California, Berkeley School of Law.The Company also announces the grant of 1,000,000 stock options to senior officers and directors of the Company, with each option exercisable at a price of $0.365 cents per share for a period of five years. Stock options may be subject to vesting requirements, as determined by the board of directors. The options have been granted in accordance with the terms of the Company's current stock option plan.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca. Tel: (778) 357-1249Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, statements and information related to the Feasibility Study; the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects, including the environmental assessment process; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292577
Original: Kutcho Copper Announces Appointment of Board Member
CA Market News
3月前
Kutcho Copper Announces Closing of $3,000,000 Flow-Through FinancingFebruary 26, 2026 1:30 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") announces that it has closed its non-brokered flow-through private placement (the "Private Placement") to raise total proceeds of $3,000,000. The Company issued 6,976,744 units consisting of flow-through units ("FT Units") at a price of $0.43 per FT Unit of the Company for gross FT Unit proceeds of $2,999,999.92. Each FT Unit will consist of one flow-through share in the capital of the Company (each, a "FT Share") and one-half of one transferable common share purchase warrant (each whole, a "Warrant"). Each Warrant is exercisable at a price of $0.55 per common share (a "Warrant Share") for a period of 24 months from the closing date. Each FT Share will be a common share in the capital of the Company that will qualify as a "flow-through share" for the purposes of the Income Tax Act (Canada)(the "Tax Act"). The Warrant Shares will not qualify as "flow-through shares" for the purposes of the Tax Act.The Company intends to use the gross proceeds raised from the sale of FT Shares (comprised within the FT Units) for exploration on its Kutcho copper-zinc property in British Columbia that will qualify as "Canadian exploration expense" and "flow-through critical mineral mining expenditure" (both within the meaning of the Tax Act) and which will be incurred on or before December 31, 2027 and renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Shares (comprised within the FT Units). The closing of the Private Placement is subject to the Company's receipt of final TSX Venture Exchange approval. In connection with the Private Placement, the Company issued 247,604 non-transferable finder warrants having the same terms as the Warrants and paid cash fees of $72,424.18 to registered firms. All securities issued under the Private Placement have a hold period of four months and a day from the date of issuance.The securities to be offered pursuant to the Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsThis news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "plans", "believes", "estimates", "potential", "indicates", and similar expressions, or that events or conditions "will", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: the timing, results and implications of the planned exploration programs, whether or not new deposits will be identified and, if so, whether such deposits will be permittable and economically feasible, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho Project, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. This news release includes historical information that has been reviewed by the Company's geological team and qualified person. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, the Company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. There is insufficient exploration on these prospects to define a mineral resource. It is uncertain if after additional exploration a mineral resource will be delineated. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these results.NOT FOR DISTRIBUTION TO U.S NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.STo view the source version of this press release, please visit https://www.newsfilecorp.com/release/285498
Original: Kutcho Copper Announces Closing of $3,000,000 Flow-Through Financing
CA Market News
4月前
Kutcho Copper Outlines Multiple Near Resource Drill Targets for 2026 Exploration ProgramFebruary 17, 2026 1:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") is pleased to highlight two significant near resource drill targets at its feasibility stage, high-grade copper-zinc development project (the "Project") located in Northwest British Columbia. Vince Sorace, President & CEO of Kutcho Copper stated: "multiple near resource high priority drill targets present opportunity for us to drive towards our objective - exploration with our goal to significantly increase the size of the current resource. The Hamburger and The Gap targets combine for over 4km2 of highly prospective geophysical and geologically constrained target areas planned for testing in our 2026 drill program. These targets present potential for significant scale and value addition to the Kutcho project."Multiple Untested VMS Targets Within 5 km of Defined ResourcesThe prospective, near planar, Kutcho Time Horizon extends for over 12 km along strike and includes both the Hamburger and the Gap targets. These are untested ZTEM conductivity highs near to the known mineralization - strongly supported by geology, magnetic, and seismic data to 850 m depth.The Hamburger VMS target covers an area of 2.8 km2 - more than double that of the defined Mineral Resource at the Main Deposit.The Gap VMS target covers an area of 1.3 km2 at the confluence of two important conductivity trends. All near resource targets have either never been drill tested or are significantly under explored by drilling.Figure1: Plan view of the geologically contrained ZTEM conductivity high within the Kutcho Time Horizon that encompasses the known resource lenses and new near resource targets.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283961_9e11a789a4055845_002full.jpgFigure 2: Isometric view looking to the Southwest showing topography, the Kutcho Time Horizon with ZTEM conductivity, known resources, historic and planned drilling. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283961_9e11a789a4055845_003full.jpgHamburger - The Largest Untested ZTEM TargetHamburger is large high priority target area of over 2.8 km2 - an area more than double the current known Mineral Resource at the Main Deposit. Geological indicators allow room for multiple exploration target types, including downfaulted or parallel mineralization trends that have not been drill tested before. Up dip of the Hamburger ZTEM high conductivity target, four historical drillholes intersected Kutcho Time Horizon rocks that consist of silica pyrite altered lapilli tuff. On the Project this combination of rock type and alteration is indicative of being proximal to VMS mineralization. Just west and outside of the ZTEM constrained conductivity model target, historic drill holes E062 intercepted the Kutcho time horizon rocks which returned significantly anomalous values of 0.227% Cu & 1.07% Zn over 1.9 m. In productive VMS systems this level of anomalous result can occur within 50-100 m of significant and potentially economic massive sulphide mineralization.In 2026 the company plans to drill three broadly spaced drill holes that are designed to intersect the thickest volumes of high ZTEM conductivity, overlapping with zones of greatest inversion confidence, and paleo-basement highs. Figure 3: Isometric view looking to the West-southwest highlighting the Hamburger VMS Target showing topography, the Kutcho time horizon with ZTEM conductivity, known resources, historical and planned drillingTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283961_9e11a789a4055845_004full.jpgThe Gap - A Large High Priority Target Area of Over 1.3 km2 - a Nexus of TrendsThe Gap target occurs at the confluence of two important conductivity trends. The intersection of these trends is interpreted to be a possible focal point for VMS style mineralization. The second trend could reveal a link between the Main and Sumac Deposits in the hear of "The Gap". The Gap target is contiguous with the western end of the Main Deposit. The deepest holes at the western end of the Main Deposit indicate westward along strike continuity of mineralization. This trend has not been closed off by drilling.The Gap ZTEM conductivity target was intersected in sparse historical drilling. Historical drilling has positive indicators of VMS mineralization with carbonate alteration and intersections of pyrite mineralization of lengths of up to 15 m (hole K022).In 1976 the up-dip edge of The Gap target was intercepted by two holes spaced 250 m apart. The holes intersected the conductivity model's target domain and the Kutcho Time Horizon, but the core was not sampled or retained. The holes intersected sulphidic schist below strong dolomite/carbonate alteration indicative of proximity to VMS mineralization. One hole, K022 (1976) intersected 15 m of pyritic alteration in the Kutcho Time Horizon and within the high ZTEM conductivity model at 284 m down hole, with a maximum anomalous copper value of 600 ppm from 297.3 m to 299.6 m. This level of anomalous grades in nearby drilling are encouraging in that significant and potentially economic massive sulphide mineralization may coincide with the conductivity target.The historical drillholes indicate that alteration associated with the Main Deposit continues along strike from known mineralization, the ZTEM constrained conductivity model provides a focussed drill target areas more likely to contain sulphide mineralization.In 2026 two holes 860 m apart, are planned to test each of the conductivity trends in the highest confidence model areas.Figure 4: Isometric view looking to the Southwest highlighting the The Gap VMS Target showing topography, the Kutcho time horizon with ZTEM conductivity, known resources, historical and planned drillingTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283961_9e11a789a4055845_005full.jpgThe 2026 Exploration ProgramThe Company plans to drill test the Hamburger and the Gap targets in 2026. Six holes are planned to test these two targets. Each hole will be accompanied by a down-hole EM survey which will confirm EM strength and avail target direction refinement. Details on further drill targets will be outlined in upcoming announcements.Qualified PersonsThe technical or scientific information in this press release has been reviewed and approved by Andrew Sharp, P.Eng BC (Lic. No. 47907), FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as a qualified person under the definition of National Instrument 43-101.NotesRegional and Near Resource Exploration Targets are considered early-stage exploration targets which do not contain any mineral resources as defined by NI 43-101. There has been insufficient exploration to define a mineral resource for the targets disclosed. It is uncertain whether further exploration will result in these targets being delineated as a mineral resource.ZTEM is an acronym referring to the Z-Axis Tipper Electromagnetic technique which is a geophysical technique utilizing natural earth currents to image the subsurface three-dimensional distribution of apparent resistivity to depths exceeding one kilometer.VTEM is an acronym referring the "Versatile Time-Domain Electromagnetic" technique and is useful for detecting and discriminating between moderate to excellent conductors.Electrical Conductivity may indicate the presence of mineralization of economic interest, but also a range of other possibilities, including electrically conductive mudstones, alteration and mineralization such as pyrite.About Kutcho CopperKutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company recently completed a feasibility study on the Kutcho project and is advancing permitting with the objective of getting to a positive construction decision.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "advance", "de-risk", "execute", "incorporate", "accretive", "plans", "compelling", "believes", "intends", "potential", "value opportunities", "upside", variations of these words and similar expressions, or that events or conditions "will", "may", "could", "should" or "would" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, statements and information related to the Feasibility Study; the funding, timing and results of planned exploration programs; the ability of the Company to upgrade inferred mineral resources to higher categories and, subsequently, to mineral reserves; the outcome of potential optimizations and opportunities identified in the Feasibility Study and subsequently; the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects, including the environmental assessment process; the ability of the Company to conclude agreements with First Nations; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283961
Original: Kutcho Copper Outlines Multiple Near Resource Drill Targets for 2026 Exploration Program
CA Market News
4月前
Kutcho Copper Outlines District Scale Exploration PotentialFebruary 9, 2026 7:00 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 9, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") is pleased to highlight the VMS District scale exploration potential at its feasibility stage, high-grade copper-zinc development project (the "Project") located in Northwest British Columbia. Vince Sorace, President & CEO of Kutcho Copper stated: "As we are assessing our opportunities and finalizing objectives for the coming year, we have a clear initiative - a definitive focus on exploration with a goal to double the size of the current resource - potentially adding significant value and expanding mine life as we move towards a construction decision. The Kutcho project displays a district scale opportunity with over 10 regional and near resource targets that have the potential to meet or exceed our initiative of significant resource expansion."Kutcho Project Current Resource Lenses Contain Over 1 Billion lb's Copper Equivalent in M&I - With Potential to Convert Inferred Resources into Significant Value and Extended Mine LifeThe Measured and Indicated Resource totals 22.8 Mt @ 2.26% CuEqR with the known Inferred Resources containing an estimated 13 Mt at 1.62% CuEqR1. Three quarters of the Inferred Resources are contained in the Sumac deposit (9.1 Mt @ 1.49% CuEqR), with approximately 3 Mt grading approximately 2% CuEqR (similar to the Main underground Reserve @ 2.24% CuEqR)1. With insight from the 2021 Feasibility study mine design, access to inferred resources in the Sumac deposit and other inferred resource blocks in the periphery of the Esso deposit would be low-cost additions to the project should they be converted to higher resource confidence and the material was proven economically recoverable through appropriate study. Figure 1 shows the distribution of the known Mineral Resources in an isometric view. Figure 1: Isometric view of relationship of known Mineral ResourcesTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283132_36738bfb643f0858_001full.jpgMultiple Regional and Near Resource Exploration Targets2 defined and constrained by geological, geochemical and geophysical parameters. Potential New Discoveries Unlocked:Over 10 untested ZTEM high conductivity targets defined with footprints large enough to potentially host significant volumes of mineralization.The Kutcho Time Horizon hosts the three resource lenses and contains multiple yet to be explored high conductivity ZTEM zones occurring over 12 km of strike including Esso West, The Gap, Hamburger and Jack. Additional parallel and fold repeated VMS target time horizons extend over 20 km of strike each and contain several ZTEM conductivity high anomalies that provide further discovery opportunity called, Jenn, Mother, Far East, Kris, Bow, Sumac Ridge and Josh Creek.Kutcho VMS Geological SettingVMS lenses are hosted by Kutcho assemblage bimodal volcanic and volcaniclastic rocks. The Kutcho assemblage and overlying sedimentary rocks comprise a north dipping succession that suffered contractional deformation in the mid- Jurassic to produce a series of shallow west-plunging folds and north dipping thrust faults. This process has delivered repeated horizons of potential VMS mineralization within the claim area. Figure 2 schematically relates the known VMS resource mineralization and the interpreted fold repeats.Figure 2: Schematic showing geologic setting of known VMS mineralization and fold repeats.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283132_36738bfb643f0858_002full.jpgDistrict Scale Exploration Potential Through New Targeting Methods - Regional and Near Resource TargetsMira Geoscience was engaged by the Company in 2024-2025 to leverage all current exploration data on the Kutcho Copper Project with the goal of enhancing drill targeting information and highlight potential new targets. Mira Geoscience utilized all available information including surface mapping data, drillholes, soil geochemistry, seismic, topography, and airborne ZTEM3, VTEM4, and magnetic survey data. The work commenced in highest data density around known mineral resources, where it was possible to train and verify the targeting method. The targeting method required Mira Geoscience to define geological domains that have consistent magnetic and conductivity parameters. The hangingwall position of one of the domains corresponds to the known mineralization event horizon - the Kutcho Time Horizon. Maps of electrical conductivity3 on the planar Kutcho Time horizon were produced that correlate to known mineralization. The results of this work were confirmed through various independent means and demonstrate the method could predict the location of the Esso deposit which is the deepest known mineralization at 350 to 650 m depth.The Kutcho Time Horizon ZTEM identifies additional zones of conductivity of resource level intensity that are yet to be explored. Figure 3: Isometric view of the constrained inversion of the ZTEM conductivity intersected with the interpreted mineral event horizon.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283132_36738bfb643f0858_003full.jpgRegional TargetsThe near planar Kutcho Time Horizon extends for over 12 km along strike and includes four intriguing target areas called; Esso West, The Gap, Hamburger and Jack. The exploration programs for these areas will be discussed in upcoming news releases as the programs are completed.Within the Kutcho tenure package there are two additional geological domains interpreted as folded repetitions of the Kutcho Time Horizon. Each of the fold repeat horizons extend for over 20 km along strike and contains several areas of unexplored high conductivity; the more advanced regional targets are identified as Jenn, Mother, Far East, Jack, and Kris. Other, yet to be detailed targets include Sumac Ridge, Bow, and Josh Creek.Jack
Jack is an under-explored 2.5 km x 300 m long ZTEM/VTEM target located on the Kutcho Time Horizon three kilometers to the east of the Main deposit. One historical hole (E120,1983) drilled at the western end of Jack intersected 20 m of Kutcho Time Horizon with dolomite alteration and pyrite bearing lapilli tuff. Samples pyritic lapilli tuff returned weak results for base metals. Another hole (KC11026, 2011) drilled to shallow to intersect the intense core of the ZTEM conductivity feature intersected 12 m of 10% disseminated pyrite with zinc values >0.5% over nine meters. These geology, geophysical and geochemical signatures show that the Kutcho Time Horizon does continue to the east, and more work is warranted on Jack to understand the geology as drilling and exposure of host rocks is sparse.Jenn
The Jenn target is a new high priority ZTEM target located on a prospective VMS horizon 5 km to the east and south from the Main deposit. Outcrop at Jenn shows silica-sericite-pyrite alteration in felsic volcanic rocks. Alteration is supported by a significant copper and zinc geochemical soil anomaly. Shallow historical drilling at Jenn intersected copper bearing disseminated to semi-massive pyritic zones in felsic rocks where best intercept was 3.3% Cu over 0.60 m. This drilling was too shallow to test the ZTEM target.The Jenn ZTEM conductivity anomaly sits approximately 300 m below surface and is 1,850 m long and 500 m wide. Drilled surface copper occurrences approximately 750m west of the ZTEM conductivity anomaly provides an enticing anchor for this blind to surface target. This makes Jenn a compelling drill target. Far East
The Far East target has been refined to a 1,600 m long partially coincident ZTEM and VTEM and magnetic target. A total of four historical drill holes has tested 400 m (or ~11%) of the strike length and near surface expression of the target and define a prospective geological environment for a potential VMS deposit where anomalous copper and zinc values in syngenetic pyritic mudstones occur between a combination of felsic crystal and lapilli volcanic tuffs. A strong ZTEM conductive anomaly measuring 540 m by 290 m at a depth of 250 m presents an enticing target below and along strike to the east of the historic drilling and beyond the depth of penetration of the VTEM.Figure 4: Far East exploration target - new target methodology refines target area.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283132_36738bfb643f0858_005full.jpgKris
The Kris target is defined by a 3,700 m long by 300 m wide ZTEM conductivity anomaly. Four refined high conductivity constrained inversion ZTEM anomalies each measuring between 450 m - 850 m along strike by 300 m are untested by drilling. Historical drilling, consisting of three holes, intersected sericite altered crystal bearing tuffs with anomalous concentrations of pyrite and pyritic ash tuffs that resemble those found near the Kutcho deposits indicating that the Kris target could preserve a productive VMS environment. Mother
The Mother target has been refined by constraint of the ZTEM inversion into two separate high conductivity targets each measuring 950 m and 2000 m in strike length by 200 - 350 m dip direction. This near surface target has supporting VTEM conductor anomalies, portions of which have only been tested by four short drill holes from the 1970's and define a prospective geological environment for a potential VMS deposit. Two historical holes anchored on the western extents of the target intersected an interpreted felsic flow dome consisting of a combination of sericite altered quartz, quartz - feldspar and lapilli felsic tuffs similar to the setting of the Main, Sumac, and Esso deposits. Silica exhalites with jasperoid development, and bands of magnetite and semi massive - massive sulphides occur between felsic units. These exhalites returned surface rock chip samples that ranged from 2.3% to greater than 10% Cu, 0.04% - 0.10% Zn, 15 g/t - 69 g/t Ag and 0.3 g/t - 6.2 g/t Au over widths of 2.5 to 5 cm. Two drillholes located 2 km and 5 km to the west of these holes intersected more distal felsic tuffaceous volcanic rocks and mudstones. Mother presents as a high conviction, near surface target where surface mapping and historic drilling indicates a productive VMS environment could be preserved.Figure 5: Mother exploration target - new target methodology refines target area.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3735/283132_36738bfb643f0858_006full.jpg2026 Exploration ProgramKutcho Copper will be detailing a proposed 2026 exploration program in coming announcements, including further details on near resource exploration opportunities.Qualified PersonsThe technical or scientific information in this press release has been reviewed and approved by Andrew Sharp, P.Eng BC (Lic. No. 47907), FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as a qualified person under the definition of National Instrument 43-101.Mineral Exploration/Exploration Target Area(s): Exploration targets and/or Exploration zones and/or Exploration areas are speculative and there is no certainty that any future work or evaluation will lead to the definition of a mineral resource.Historical Data: This news release includes historical information that has been reviewed by Kutcho's qualified person (QP). Kutcho's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, Kutcho cannot directly verify the accuracy of the historical data, including (but not limited to) the procedures used for sample collection and analysis. Therefore, any conclusions or interpretations borne from use of this data should be considered too speculative to suggest that additional exploration will result in mineral resource delineation. Kutcho encourages readers to exercise appropriate caution when evaluating these data and/or results.Technical Disclosure: The material scientific and technical information in respect of the Kutcho Project in this news release is, unless otherwise indicated, based upon information contained in the technical report titled "NI 43-101 Feasibility Study Technical Report for the Kutcho Copper Project, British Columbia, Canada" dated effective November 8, 2021 and issued December 22, 2021 (the "FS" or "2021 Feasibility Study"). The 2021 Feasibility Study was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the mining property disclosure rules specified in Subpart 1300 of Regulation S-K under the United States Securities Act of 1933 ("Subpart 1300") promulgated by the SEC. Accordingly, information concerning mineral deposits from the 2021 Feasibility Study set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.Notes:1 As documented in the Kutcho Copper Project Feasibility Study Report and Effective Date 22 December 2021.
2 Regional and Near Resource Exploration Targets are considered early-stage exploration projects which do not contain any mineral resources as defined by NI 43-101. There has been insufficient exploration to define a mineral resource for the targets disclosed. It is uncertain if further exploration will result in these targets being delineated as a mineral resource.
3 ZTEM is the Z-Axis Tipper Electromagnetic is a geophysical technique utilizing natural earth currents to image the subsurface three-dimensional distribution of apparent resistivity to depths exceeding one kilometer.
4 VTEM is the "Versatile Time-Domain Electromagnetic" technique and is useful for detecting and discriminating between moderate to excellent conductors.About Kutcho CopperKutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company recently completed a feasibility study on the Kutcho project and is advancing permitting with the objective of getting to a positive construction decision.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.Cautionary Note Regarding Forward-Looking StatementsNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "advance", "de-risk", "execute", "incorporate", "accretive", "plans", "compelling", "believes", "intends", "potential", "value opportunities", "upside", variations of these words and similar expressions, or that events or conditions "will", "may", "could", "should" or "would" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, statements and information related to the Feasibility Study; the funding, timing and results of planned exploration programs; the ability of the Company to upgrade inferred mineral resources to higher categories and, subsequently, to mineral reserves; the outcome of potential optimizations and opportunities identified in the Feasibility Study and subsequently; the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects, including the environmental assessment process; the ability of the Company to conclude agreements with First Nations; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283132
Original: Kutcho Copper Outlines District Scale Exploration Potential
CA Market News
4月前
Kutcho Copper Announces $3,000,000 Flow-Through FinancingFebruary 3, 2026 5:15 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - Kutcho Copper Corp. (TSXV: KC) (OTCQX: KCCFF) ("Kutcho Copper" or the "Company") announces that it has arranged a non-brokered private placement (the "Private Placement") to raise total proceeds of up to $3,000,000. The Private Placement is for up to 6,976,744 units consisting of flow-through units ("FT Units") at a price of $0.43 per FT Unit of the Company for gross FT Unit proceeds of $3,000,000.Each FT Unit will consist of one flow-through share in the capital of the Company (each, a "FT Share") and one-half of one transferable common share purchase warrant (each whole, a "Warrant"). Each Warrant is exercisable at a price of $0.55 per common share (a "Warrant Share") for a period of 24 months from the closing date. Each FT Share will be a common share in the capital of the Company that will qualify as a "flow-through share" for the purposes of the Income Tax Act (Canada)(the "Tax Act"). The Warrant Shares will not qualify as "flow-through shares" for the purposes of the Tax Act.The Company intends to use the gross proceeds raised from the sale of FT Shares (comprised within the FT Units) for exploration on its Kutcho copper-zinc property in British Columbia that will qualify as "Canadian exploration expense" and "flow-through critical mineral mining expenditure" (both within the meaning of the Tax Act) and which will be incurred on or before December 31, 2027 and renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Shares (comprised within the FT Units). The closing of the Private Placement is subject to the Company's receipt of TSX Venture Exchange approval. The Company may pay finder's fees under the Private Placement as permitted by TSX Venture Exchange policy and applicable securities laws. All securities issued under the Private Placement will have a hold period of four months and a day from the date of issuance.Certain directors and officers of Kutcho Copper may participate in the Private Placement, which participation constitutes a related-party transaction, as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The issuance of any FT Units to directors and officers is exempt from the valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(a) of MI 61-101 and exempt from the minority shareholder approval requirements of Section 5.6 of MI 61-101, pursuant to Subsection 5.7(1)(a) of MI 61-101.The securities to be offered pursuant to the Private Placement have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.Vince Sorace
President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsThis news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "plans", "believes", "estimates", "potential", "indicates", and similar expressions, or that events or conditions "will", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to: the timing, results and implications of the planned exploration programs, whether or not new deposits will be identified and, if so, whether such deposits will be permittable and economically feasible, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho Project, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. This news release includes historical information that has been reviewed by the Company's geological team and qualified person. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this news release; however, the Company cannot directly verify the accuracy of the historical data, including the procedures used for sample collection and analysis. There is insufficient exploration on these prospects to define a mineral resource. It is uncertain if after additional exploration a mineral resource will be delineated. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these results.NOT FOR DISTRIBUTION TO U.S NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.STo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282599
Original: Kutcho Copper Announces $3,000,000 Flow-Through Financing
Chipaway
7年前
Kutcho Blockchain Technology Consortium
This could be HUGE!!!
Goldcorp, ING Bank, Kutcho Copper, Ocean Partners and Wheaton Precious Metals Collaborate with MineHub on Industry-Wide Approach to Enhance Efficiency in Mining
Jan 16, 2019, 00:05 ET
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VANCOUVER, British Columbia and ARMONK, N.Y., Jan. 16, 2019 /PRNewswire/ -- MineHub Technologies, Inc. ("MineHub") and IBM (NYSE: IBM) today announced a collaboration to use blockchain technology to help improve operational efficiencies, logistics and financing and reduce costs in the high-value mineral concentrates supply chain -- from mine to end buyer.
Goldcorp Inc. (TSX: G), ING Bank (NYSE: ING), Kutcho Copper Corp. (TSXV: KC), Ocean Partners USA Inc. and Wheaton Precious Metals Corp. (TSX: WPM) are working with mining technology company MineHub to build the new mining supply chain solution on top of the IBM Blockchain Platform.
The $1.8 trillion* global mining and metals market has traditionally suffered from inefficiencies due to manual, paper-based processes and a lack of transparency between supply chain participants. Blockchain technology helps address this by providing a shared ledger to create a single, real time view of transactions and data across the supply chain that can be seen by all permissioned participants. Each of the participating companies represent key areas of the supply chain from mining, streaming, trade and finance.
"We are delighted to be working with some of the most forward thinking and innovative companies from each area of the mining and metals industry. By digitizing the supply chain, we can increase the level of automation, reduce reliance on intermediaries and increase the speed at which goods are transferred from miners to end buyers. This creates the opportunity for transformative efficiencies and cost reductions throughout all aspects of operations," said Vince Sorace, Founder and CEO of MineHub. "This is a significant advancement for an industry looking to integrate and use data in ways not previously possible."
The first use case will be built on the MineHub platform and will manage concentrate from Goldcorp's Penasquito Mine in Mexico throughout its path to market. When ore is mined, the mining company will upload data, including sustainability and ethical practices, allowing independent verification from regulators to end users as required. When materials are loaded for transport, the MineHub platform can record each transaction and allow permissioned parties to view and reconcile information throughout its journey. Smart contracts for supply chain processes such as trade finance, streaming and royalty contracts will be used by companies such as Wheaton Precious Metals and other institutions who provide credit facilities such as ING Bank in connection with the Penasquito Mine.
Arnout van Heukelem, Global Head of Metals and Mining at ING said, "As a global leader in banking in the metals and mining sector, we feel many of the operational challenges that our clients face. Blockchain has the potential to reduce or even overcome these, as shown by our pioneering work in energy with VAKT, in trade finance with Komgo and Voltron, and in the soft commodity sector. I am excited to be working together with MineHub and help our clients in metals and mining lower costs, increase transparency and contribute to sustainable production and trading."
The MineHub supply chain platform is built on the cloud-based IBM Blockchain Platform, powered by the Linux Foundation's Hyperledger Fabric. MineHub plans to expand the collaboration to additional members across the mining industry to encourage innovation and new applications using the technology.
"Blockchain technology can serve as the foundation for transforming entire business processes in the mining industry while creating greater transparency across the supply chain," said Manish Chawla, general manager, Global Industrial Products, IBM. "By bringing together stakeholders at different points across the mining and minerals supply chain, MineHub is building a platform that has the potential to bring new levels of efficiency and trust to the mining industry."
MineHub and IBM plan to work together to collaborate on new ways to scale and expand the platform, identify new use cases, and incorporate innovative technologies into the platform in the future.
About MineHub
MineHub (www.MineHub.com) is an innovative technology company developing a new generation of cost saving applications for the mining and metals industry. MineHub has established a consortium of leading industry partners including Goldcorp Inc., Kutcho Copper Corp., ING Bank, Ocean Partners USA Inc. and Wheaton Precious Metals Corp. to build the MineHub platform which manages high value assets from mine to end buyer across the mining and metals supply chain. Built using Hyperledger Fabric in collaboration with IBM, the MineHub platform will bring automation, cost savings, enable greater security, transparency, auditability and efficiency among participants.
About IBM Blockchain
IBM is recognized as the leading enterprise blockchain provider. The company's research, technical and business experts have broken barriers in transaction processing speeds, developed the most advanced cryptography to secure transactions, and are contributing millions of lines of open source code to advance blockchain for businesses. IBM is the leader in open-source blockchain solutions built for the enterprise. Since 2016, IBM has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications, and operates a number of networks running live and in production. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks. IBM is an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/ or follow us on Twitter at @ibmblockchain.
Contact:
Hannah Slocum
IBM Communications
hslocum@us.ibm.com
Vince Sorace
MineHub
vsorace@minehub.com
* Marketline. Global Metals & Mining Industry Profile & Value Chain Analysis. May 2018.
SOURCE IBM
Related Links
http://www.ibm.com
Chipaway
7年前
Kutcho Copper Provides Interim Metallurgical Update
8:29 am ET March 14, 2019 (Globe Newswire)
Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) ("Kutcho Copper" or the "Company") is pleased to provide an update to its metallurgical program based on work led by Mr. Len Holland of Holland & Holland Consultants, UK, an internationally recognized metallurgical consultant and Ausenco Limited, a multinational engineering company. Results to date suggest a simplified reagent suite that could achieve similar recoveries and concentrate grades, but at lower capital and operating costs compared to the 2017 Kutcho Prefeasibility Study (Please see the Company's website www.kutcho.ca for the 2017 NI 43-101 Technical Report or SEDAR www.SEDAR.com)
"The revised metallurgical program test results reveal potential for an important value addition to the Kutcho project," said Vince Sorace, President and CEO of Kutcho Copper Corp. "The Kutcho team continues to identify opportunities to enhance the value of the project through previously reported resource increases, operational efficiencies through areas such as this enhanced metallurgical performance and progressing towards completion of the Feasibility study."
Optimization Program
Kutcho's team, led by Mr. Holland, identified an opportunity to improve on the historical metallurgical work conducted by previous owners of the Kutcho project. The Company has developed an improved reagent scheme based upon an optimized primary grind and standard zinc depressor reagents to obtain selectivity between the copper and zinc at a relatively high pH in the copper float. The flowsheet and reagent scheme presently developed is both simpler and lower operating cost when compared to previous proposed systems. In addition, lower levels of zinc reporting to the initial copper concentrate should assist in improving the overall zinc reporting to the zinc circuit.
Grind parameters are typical of those used for polymetallic deposits similar to Kutcho, with a primary grind anticipated at 60 microns. A regrind on the copper rougher concentrate will be required and is presently anticipated as +/-25 microns, while the zinc circuit does not require a regrind.
The 2017 Prefeasibility Study utilized life of mine average recoveries of 84.7% copper, 75.7% zinc, 48.0% silver and 41.2% gold, with the copper concentrate anticipated to grade 27.6% copper and the zinc concentrate anticipated to grade 55.1% zinc.
"The metallurgical test work is presently in the regrind and cleaner phase to optimize the separation of the value metals into their respective concentrates. Regrind and cleaner phase test work is anticipated to be complete within 2 weeks, with lock-cycle test work to be performed thereafter to establish the overall metallurgical parameters for the feasibility study. It is anticipated that the results of the present test work will be comparable to previous metallurgy, but with lower plant operating and capital costs," commented Mr. Holland.
Mr. Holland is an experienced mineral processing engineer with considerable expertise in the recovery of metals from polymetallic ores spanning several decades on deposits around the world. Mr. Holland has more than 50 years of experience in world-wide operations and consulting, in association with, but not limited to, BP Minerals, Glencore, SNC Lavalin, and First Quantum. The metallurgical test work is being carried out in the Bureau Veritas laboratories in Richmond, BC, Canada, under the direction and supervision of the Kutcho metallurgical team.
Qualified Person
Leonard Holland, of Holland and Holland Consultants holds a B.Sc. (Hons) in Extraction Metallurgy from the University of Wales, Swansea, United Kingdom, is a Fellow of the Institution of Materials Mining and Metallurgy, a Fellow of the Minerals Engineering Society and is a Chartered Engineer. Leonard Holland is an independent technical consultant with over 50 years of global experience in mine development and metallurgy. Mr. Holland is a "Qualified Person" as defined in National Instrument 43 -101 "Standards of Disclosure for Mineral Projects" of the Canadian Securities Administrators and has reviewed and approved this press release.
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 news release. Mr. Kutluoglu is the Company's Vice President, Exploration & Development.
About 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. 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.
Vince Sorace
President & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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Chipaway
7年前
Kutcho Copper Expands High-grade Mineral Resources
Folks, this looks like the real deal. Major, Major players here. For a first time post, this may be a little too much on the technical side, but I'm anticipating that fellow Mining enthusiasts can see the vast opportunity of Kutcho. I have read through all the information I could get a hold of and I'm not seeing any red flags, just massive upside. Let me know what you think.
6:59 am ET March 4, 2019 (Globe Newswire)
Copper Corp. (TSXV: KC) (OTC: KCCFF) ("Kutcho Copper" or the "Company") is pleased to provide an updated mineral resource estimate that will be used as the basis for its upcoming Feasibility Study on its 100% owned Kutcho high grade copper-zinc project located in British Columbia ("Kutcho Project"). The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo, with the assistance of Bruce Davis, PhD, FAusIMM, by SIM Geological Inc. (SGI).
"We are pleased to announce an updated mineral resource estimate for the Kutcho Project that incorporates the significant work and new drilling conducted by Kutcho Copper during our first full year of ownership. The updated mineral resource includes a substantial 84% increase in inferred mineral resources compared to the 2017 resource estimate*. In addition, there remains significant exploration potential between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project. This expanded mineral resource will form the foundation for the Feasibility Study, which is slated to be completed in Q2/Q3 2019", stated Vince Sorace, President & CEO of Kutcho Copper.
Kutcho Project - Estimate of Mineral Resources
Class Tonnes (000) CuEq (%) Cu (%) Zn (%) Au (g/t) Ag (g/t)
Main Deposit
Measured 5,831 2.66 1.92 2.78 0.48 28.7
Indicated 9,003 2.20 1.62 2.13 0.40 29.2
Measured 14,834 2.38 1.74 2.38 0.43 29.0
+ Indicated
Inferred 1,902 1.98 1.31 2.16 0.48 29.7
Esso Deposit
Indicated 2,425 3.98 2.52 4.76 0.81 64.0
Inferred 1,025 2.30 1.60 2.23 0.52 41.4
Sumac Deposit
Inferred 7,779 1.52 1.10 1.60 0.17 16.9
Combined - All Deposits
Measured 5,831 2.66 1.92 2.78 0.48 28.7
Indicated 11,428 2.58 1.81 2.68 0.49 36.5
Measured 17,259 2.61 1.85 2.72 0.49 33.9
+ Indicated
Inferred 10,706 1.67 1.18 1.76 0.26 21.5
-- The estimates in the table are considered to be amenable to underground extraction methods. The base case cut-off grade is 1.2% CuEq based on the formula CuEq = (Cu% x 0.825) + (Zn% x 0.302) + (Ag g/t x 0.004) + (Au g/t x 0.262). Mineral resources are not mineral reserves because the economic viability has not been demonstrated.
-- Estimate assumes Mining (underground) US $34.00/t, Processing US $18.00/t, US G&A $10/t, copper price US $3.00/lb, zinc price US $1.25/t, gold price US $1350/oz, silver price US $17.00/oz, copper payable recovery 82.5%, zinc payable recovery 72.5%, silver payable recovery 45%, gold payable recovery 40%
-- Effective date of resource estimate February 22nd, 2019
-- Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.
-- Assumptions used to derive the cut-off grades in order to meet the NI43-101 requirement for mineral resource estimates to demonstrate "reasonable prospects for eventual economic extraction". The cut-off grades to be used in the upcoming feasibility study may vary from those used to limit the mineral resources reported herein, as the inputs to that study are determined. No inference is implied in the changes to the assumptions used in the cut-off grade calculations from the prior mineral resource estimates as to what will be used in the upcoming feasibility, as those assumptions remain to be determined.
*Please see our website for the 2017 NI 43-101 Technical Report for previous mineral resource estimate details www.kutcho.ca or SEDAR www.SEDAR.com
Updated Mineral Resource Metrics
-- 38 new drill hole intersections through the Main and Esso deposits utilized to update the new mineral resource calculation (3 at Esso, 35 at Main);
-- 2018 drilling successfully delineated additional mineral resources along the down-dip edge of Main, which remains open to further expansion; and
-- Drilling defined a large contiguous body of Measured resources at Main (Figure 1).
"The definition of an updated, robust and larger resource estimate is a significant milestone for the Company", stated Rob Duncan, COO for Kutcho Copper. "Based on new drill hole data and an independent mineral resource estimation at Kutcho, we have expanded the mineral resources at Kutcho and demonstrated potential for further reserve growth in the upcoming Feasibility Study."
High Priority Near Resource Targets
Four excellent targets exist on the Kutcho project that are located between, below or along strike from existing mineral resources (Figure 1). These targets represent high probability drill areas that could result in significant accretive value to the project;
-- The Main-Sumac Gap identifies a 400 m by 380m panel between the Main and Sumac lenses that is untested by drilling. A conductive geophysical anomaly coincides with the area and is 360 m long. K003, the most eastern hole to intersect the Sumac lens and located on the western margin of the gap returned 5.12 m of 1.29% Cu, 0.49% Zn and 7 g/t Ag.
-- Open Down Dip: Significant portions of all three lenses remain open down dip outside of current resources including over 36% of Main, 50% of Esso and 100% of Sumac.
-- The Esso-West Expansion target lies 300 m west of the Esso deposit where 150m of a 1500 m long geophysical anomaly has been drill tested. Drilling returned several mineralized intercepts including 7.2 m of 2.0% Cu, 5.2% Zn and ~17 g/t Ag in hole E094B3. There remains 300 m of untested Kutcho horizon between hole E094B3 and Esso, along with an additional 1000 m of untested horizon to the west of hole E094B3. (Off western edge of map)
-- Footwall Zone (FWZ) lies beneath the Main zone and represents a stacked massive sulphide horizon that is open in all directions. The last drill hole to the east and down dip intersected 1.5 m of 3.54% Cu, 6.94% Zn, 316.9 g/t Ag and 1.47 g/t Au in hole E057.
Mineral Resource Estimation Methodology
Mineral resource estimates are generated using a total of 362 drill holes at the Main deposit, 118 drill holes at the Esso deposit, and 29 drill holes in the vicinity of the Sumac deposit. Drill holes are collared from surface and extend to depths of 700m below surface in some areas. Mineral resource estimates are derived from three-dimensional block models with nominal block sizes measuring 5 x 2.5 x 5m (LxWxH). Resource estimates were generated using drill hole sample assay results and the interpretation of geological models which relate to the spatial distribution of copper, zinc, gold and silver in the deposits. Interpolation characteristics were defined based on the geology, drill hole spacing, and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample data, composited to 1 metre intervals, are controlled using both traditional top-cutting as well as limiting the distance of influence during block grade interpolation. Block grades are estimated using ordinary kriging and have been validated using a combination of visual and statistical methods to ensure they are appropriate representations of the underlying sample data. Resources in the Measured category are delineated with drill holes on a regular 25m pattern. Resources in the Indicated category are delineated with holes on a nominal 50m pattern and Inferred class resources extend to a maximum distance of 100m from a drill hole. It is assumed that the Kutcho deposits would be mined using underground extraction methods. Based on projected technical and economic parameters, the deposits form consistent zones of mineralization, above a projected base case cut-off threshold of 1.2%CuEq, that are considered to be amenable to underground mining methods.
Qualified Person
Robert Sim, P.Geo. Independent consultant to the Company and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101") has reviewed and approved the contents of this news release related to the mineral resource estimate. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to the ALS sample preparation laboratory in Whitehorse, Yukon Territory, Canada, and then transferred to ALS' laboratory in Vancouver, British Columbia, Canada for fire assay and ICP analysis. The precision and accuracy of results is tested through the systematic inclusion of standards, blanks and check assays. The mineral resource estimate referenced in this press release was prepared in November 2018 by Robert Sim, P.Geo., an independent Qualified Person as defined by NI 43-101. Kutcho's additional disclosure of a technical or scientific nature in this press release has been reviewed and approved by Mr. Rory Kutluoglu, B.Sc, P.Geo., Kutcho's Vice President of Exploration and Development, who serves as a Qualified Person under the definition of National Instrument 43-101. In the opinion of the QP, the mineral resource estimate reported herein is a reasonable representation of the mineralization found at the Kutcho project at the current level of sampling. The mineral resources were estimated in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (November 23, 2003) and is reported in accordance with NI 43-101.
About 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. 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.
Vince Sorace
President & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper Corp., please email Michael Rapsch, VP Corporate Communications at mrapsch@kutcho.ca or visit our website at www.kutcho.ca.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed "forward-looking statements" with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicates", "opportunity", "possible" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company's ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/91131221-47b9-4e78-af94-fa07e7a2259f
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