Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") and Science World today announced a partnership providing an added layer of protection for visitors and staff at Science World while building awareness of copper's antimicrobial properties and the role metals play in our everyday lives.
Through its Copper & Health program, Teck has made a $650,000 contribution to Science World, the fourth largest attraction in British Columbia, to outfit high-traffic areas with antimicrobial copper surfaces known as CuVerro Shield™ by Aereus Technologies. Copper has been installed on surfaces including Science World exhibits (Hang-Time, Heart Drum, and Electric Hands), front door handles and entrance countertops. The installation creates an added layer of protection for about 1 million guests who visit Science World each year given copper's unique antimicrobial properties, proven effective to eliminate up to 99.9 per cent of harmful bacteria within two hours of contact.
Teck also becomes the presenting sponsor of Science World's Geology Science Exhibit which now includes new interactive and educational displays to help visitors discover how metals are used in our daily lives, from the smartphones we use to the bridges we drive on. This exhibit complements Science World's focus on STEAM (Science, Technology, Engineering, Art & Design, and Math) to encourage future generations to enter into these fields.
This partnership is the latest in a series made through Teck's Copper & Health program to expand the use and awareness of antimicrobial copper in B.C. hospitals , post-secondary educational institutions and on public transit in Vancouver and Toronto.
Quotes: Don Lindsay, President and CEO, Teck – "Teck is proud to support Science World's work to strengthen awareness of the health benefits of copper, and the essential role that metals play in our world and our daily lives. The installation of antimicrobial copper surfaces will provide an added layer of protection at this important institution that educates and amazes over a million visitors each year."
Tracy Redies , President & CEO, Science World – "The partnership with Teck will allow Science World to educate its visitors on the properties of antimicrobial copper and metals in general, in addition to expanding on our highly-popular Geology Experience. This exhibition will educate on the role that metals play in our everyday lives while incorporating antimicrobial copper in our space helping to keep our visitors and staff safe."
About Teck's Copper & Health Program Through its Copper & Health program, Teck has funded numerous initiatives across a range of industries and public facilities to help improve health and safety in high-traffic, high-touch areas through the installation of antimicrobial copper. Teck's Copper & Health program has installed copper surfaces in a number of healthcare facilities, including Vancouver General Hospital and St. Paul's Hospital, on public transit in partnership with TransLink and Toronto Transit Commission, and in schools through partnerships with BCIT, SFU and UBC. Teck is a proud member of CHAIR Canada, the Coalition for Community and Healthcare Acquired Infection Reduction ( chaircanada.org ).
There is no commercial benefit to Teck from the increased use of antimicrobial copper as the amount of metal needed is very small; the goal of the program is to improve health and safety for communities.
For more information about the role of antimicrobial copper, the Copper & Health program, and other examples of copper in action, please visit www.copperstopsthespread.ca .
About Teck As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .
About Science World Science World is a non-profit organization based in Vancouver. It has a mission to educate the public in STEAM (Science, Technology, Engineering, Art & Design, and Math). The goal is to ignite wonder and empower dreams through science and nature. Science World's vision is that within a generation, Canada will be a country of thriving, sustainable communities rooted in science, innovation and a deep connection to nature.
Teck Media Contact Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.com
Science World Media Contact Larissa Dundon Public Relations 604.649.5506 larissa@the-tea.co
Teck Investor Contact Fraser Phillips Senior Vice President, Investor Relations and Strategic Analysis 604.699.4621 fraser.phillips@teck.com
News Provided by GlobeNewswire via QuoteMedia
Thompson Rivers University and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced a partnership to improve health and safety for staff, students and faculty on campus through the use of antimicrobial copper on high-touch surfaces.
Through Teck's Copper & Health program, Teck is installing more than 650 antimicrobial copper surfaces at three key buildings on the Kamloops campus: Old Main, the Campus Activity Centre and the Chappell Family Building for Nursing and Population Health.
The installation of antimicrobial surfaces on door fixtures and handles provides an added layer of protection. Copper has unique antimicrobial properties and is proven effective in eliminating up to 99.9% of harmful bacteria within two hours of contact. When installed in high-touch, high-traffic locations, antimicrobial copper can help reduce the spread of infection.
With students, staff and faculty returning to campus for the fall semester, there will once again be an emphasis on health and safety as university administrators work to create a safe environment to limit the spread of infection from communicable diseases. Partnering with Teck's Copper & Health program adds an extra layer of reassurance to help TRU provide a safe and healthy experience for all members of the university community.
The product provided for this project, known as Copper Clean by CopTek, is manufactured in Canada.
This TRU and Teck partnership is the latest in a series made through Teck's Copper & Health program to expand the use of antimicrobial copper in B.C. hospitals , post-secondary educational institutions , and on public transit in Vancouver and Toronto.
Quotes: Don Lindsay, President and CEO, Teck – "Thompson Rivers University continues to show their leadership as an innovator and valuable contributor to local communities, and we are proud to partner on the installation of antimicrobial copper on campus. Through partnerships like this, Teck is working to make communities safer while increasing awareness of copper's natural ability to reduce the spread of infection."
Brian Daly, Vice President University Relations, Thompson Rivers University – "The health and safety of TRU's students, faculty and staff is very important to us, which is why this partnership to install antimicrobial copper in buildings on campus is such a great initiative. TRU highly values community partnerships such as this project with Teck and we look forward to more collaborations in the future."
Media downloads: Click here for video
About Teck's Copper & Health Program Through its Copper & Health program, Teck has funded numerous initiatives across a range of industries and public facilities to help improve health and safety in high-traffic, high-touch areas through the installation of antimicrobial copper. Teck's Copper & Health program has installed copper surfaces in a number of healthcare facilities, including Vancouver General Hospital and St. Paul's Hospital, on public transit in partnership with TransLink and Toronto Transit Commission, throughout the terminal at Vancouver International Airport, in major attractions including Royal Ontario Museum and Science World, and in schools through partnerships with BCIT, SFU and UBC. Teck is a proud member of CHAIR Canada, the Coalition for Community and Healthcare Acquired Infection Reduction ( chaircanada.org ).
There is no commercial benefit to Teck from the increased use of antimicrobial copper as the amount of metal needed is very small; the goal of the program is to improve health and safety for communities.
For more information about the role of antimicrobial copper, the Copper & Health program, and other examples of copper in action, please visit copperstopsthespread.ca
About Thompson Rivers University (TRU) Thompson Rivers University was established in 1970. It provides learning opportunities to more than 25,000 students on campuses in Kamloops and Williams Lake and online through Open Learning. From traditional academics to trades, from certificates to graduate degrees, TRU offers over 140 on-campus programs and 60-plus Open Learning programs. Our students apply what they learn in co-op work terms, study abroad, undergraduate research, field schools, and practicums.
About Teck As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .
Teck Media Contact: Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.com
TRU Media Contact: Kathy Sinclair Senior Communications Consultant, University Relations Thompson Rivers University 250.371.5697 kasinclair@tru.ca
Teck Investor Contact: Fraser Phillips Senior Vice President, Investor Relations & Strategic Analysis 604.699.4621 fraser.phillips@teck.com
News Provided by GlobeNewswire via QuoteMedia
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) regrets to report that a fatal accident has occurred at the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo (DRC).
The fatal accident occurred at the underground Kansoko Mine in a development area when a fall of ground struck a Kamoa Copper employee. On behalf of the Kamoa Copper Joint Venture, Ivanhoe Mines extends its deepest condolences to the grieving family and friends of the deceased.
Kamoa Copper is undertaking a comprehensive internal investigation into the accident and is working with the DRC authorities to facilitate their investigation of the accident. Once the investigations are complete, management will review and implement any additional safety measures recommended to prevent such an accident from recurring.
Operations at the Kakula Mine and processing facility were not affected by the accident.
The Kamoa-Kakula Mining Complex is operated by Kamoa Copper, a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government (20%).
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the major new, mechanized, underground mines at the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo, the development of the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the restart of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.
Kamoa-Kakula Mining Complex is one of the highest grade and fastest growing major copper mining operations in the world. Copper concentrates were first produced in May 2021 and, through on-going phased expansions, it is positioned to become one of the world's largest copper producing operations by Q4 2024. The Kamoa-Kakula Mining Complex is powered by clean, renewable hydro-generated electricity and is among one of the world's lowest greenhouse gas emitters per tonne of copper metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Mining Complex.
Ivanhoe Mines is also exploring for new copper discoveries across its circa 2,400km2 of wholly-owned exploration licences in the Western Foreland, which are located adjacent to the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo.
Vancouver: Matthew Keevil +1.604.558.1034 London: Tommy Horton +44 7866 913 207
Tanya Todd +1.604.331.9834 Website www.ivanhoemines.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136492
News Provided by Newsfile via QuoteMedia
What copper facts are important for investors? The metal’s relationship with human development is longstanding. From its use in plumbing in ancient Egyptian civilizations to being an essential component of power generation, copper has been an “electric” metal for millennia.
Considered a tertiary commodity compared to the shinier appeal of gold and silver, copper is often the third choice for metals-focused investors during economic uncertainty. Today, copper is the third most-used metal in the world and plays a pivotal role in all major economies and in the developing world.
Here are some basic copper facts for investors looking to get into the copper resource space.
Copper’s most distinctive quality is its reddish-orange color. Despite being known as a base metal, it has the symbol Cu on the periodic table and is found in the same group as precious metals silver (Ag) and gold (Au). These metals were among the first elements discovered, as all three occur naturally in elemental form.
In pure form, copper is soft with very high thermal and electrical conductivity. This means it is popular for use in alloys that are vital in many industries, including manufacturing and construction, similar to its sister metal zinc.
Construction is copper's largest application worldwide. It is estimated that nearly half of all copper supply is used by this industry. A home can contain on average 439 pounds of copper in copper wire, pipes and appliances due to its corrosion resistance, while a car can contain 50 pounds of copper in its motor, connectors and brakes.
Because homes are so reliant on the semi-precious metal, copper prices are tied to the health of housing markets. The second largest market for copper is the electrical and electronics space due to the metal’s excellent electrical conductivity. This arena now includes electric vehicles.
In terms of consumption, China has taken the top spot several times, including in 2021, when the Asian nation was the largest consumer of refined copper at 13.3 million metric tons (MT).
The country also ranks number one on a 2020 list of copper ore and concentrate importers, with Japan and South Korea following behind. Refined copper imports in 2020 were the same story, though the US and Germany took the second and third spots, respectively.
Click here to learn more copper facts about the refining process.
What is copper priced at and who decides? The price of copper is set by the free market. Producers, suppliers and customers balance extraction, copper production and distribution costs with demand. Two common exchanges where copper is traded are the London Metal Exchange and the COMEX.
Copper is heavily consumed, but it is also heavily traded, which can lead to price volatility as large orders come in and out of the market. As with many commodities, copper is also traded on the futures market, which gives investors and consumers the opportunity to hedge against copper metal price changes.
Chile, at 5.6 million MT, is the world’s largest copper miner, producing more than double the amount of the next highest producer, Peru, at 2.2 million MT in 2021. Chile’s state-owned mining company Codelco is the top copper-producing company. Chile also has the highest copper reserves at 200 million MT.
The next largest copper miners are Freeport-McMoRan (NYSE:FCX), and Glencore (LSE:GLEN,OTC Pink:GLCNF) , which produced more than 1.4 million pounds and 1.19 million MT of copper supply in 2021, respectively.
Also producing more than 1 million MT per year of mined copper is BHP (ASX:BHP,NYSE:BHP,LSE:BHP), which delivered over 1.22 million MT in 2021. Other key players in the world’s copper market that own or operate copper mines or copper deposits include Southern Copper (NYSE:SCCO), Rio Tinto (LSE:RIO,NYSE:RIO,ASX:RIO) and Anglo American (LSE:AAL,OTCQX:AAUKF).
For copper resource investors looking to enter the copper market, there are a number of options:
For the time being, copper prices remain somewhat contingent on demand levels out of China, which have weakened under COVID-19 as the country continues its COVID-zero policy lockdowns.
Analysts in the space are also currently concerned with copper’s supply, as a dwindling pipeline of mine projects in production has some worried about a potential shortage. However, that sentiment is commonly accompanied by the notion that a deficit is still a ways off; in the meantime, copper’s presence in the electrification narrative is set to continue pushing demand for the foreseeable future.
This is an updated version of an article first published by the Investing News Network in 2016.
Don’t forget to follow us @INN_Resource for real-time news updates.
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Massive overreach is significantly outside of established process and sets dangerous precedence
Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") announces that its 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") has submitted extensive comments objecting to the Environmental Protection Agency's ("EPA") preemptive veto of the Pebble Project. The Pebble Partnership called upon the agency to withdraw its action and refrain from further action against the project, thus allowing the appeal process undertaken by the U.S. Army Corps of Engineers ("USACE") to conclude. PLP CEO John Shively had the following statement about the comments submitted by PLP
"The comments we filed today clearly show there is absolutely no justification for the EPA's actions against the Pebble Project. The EPA's proposed veto of Pebble is legally, environmentally and technically unsupported. The EPA action is premature and it flies in the face of decades of regulatory precedent for fair and due process for development projects in Alaska and in the nation.
"The EPA's actions are politically motivated, and in our comments today we spell out just how indefensible this veto process has become. The EPA has made wildly speculative claims about possible adverse impacts from Pebble's development that are not supported by any defensible data and are in direct contradiction with the facts demonstrated in the USACE's Final Environmental Impact Statement (FEIS)for the Pebble Project. The FEIS clearly states that Pebble can be developed without harm to the Bristol Bay fishery. Regulations and court precedent specify EPA must establish that development will have demonstrable adverse impacts before it can initiate a veto, and the EPA did not do this. Simply put, EPA's speculation about impacts is not the same as demonstrating impacts will occur.
"Congress did not give the EPA broad authority to act as it has in the Pebble case. The 404 veto was intended to be narrowly defined and for specific areas. In this case, the EPA has preemptively vetoed 309 square miles (nearly 200,000 acres) of state of Alaska land, an area 66 times larger than any previous 404 veto. In fact, this site prohibition is 23 times larger than the entire mine site footprint. This is clearly a massive regulatory overreach by the EPA and well outside what Congress intended for the agency when it passed the Clean Water Act.
"Perhaps the most egregious aspect of this entire process is the EPA's blatant dismissal of the significant economic benefits this project could have for the region and for the state without explanation or justification. The EPA gives short shrift to what hundreds, if not thousands, of jobs could mean for the communities around Iliamna Lake. I know from personal experience what jobs mean for Alaska's smaller, rural communities and for the Alaska Natives who live there. The Final EIS clearly demonstrates the dramatic impact responsible Pebble development could have for these communities. The benefits are indisputable.
"Should the EPA finalize its Pebble veto, there are numerous violations of rights, agreements and laws that profoundly affect the future of Alaska, and these will likely be contested in court. EPA has blatantly ignored the state of Alaska, which is the landowner that specifically selected the Pebble area for its mineral potential. If the EPA finalizes its veto and precludes any development on 309 square miles of Alaska land, it would be violating Alaska's Statehood Compact and the ‘no-more' clause of the Alaska National Interest Lands Conservation Act, which requires congressional approval of any additional park land in Alaska. The EPA would also be violating the U.S. Constitution by taking away the State and the project's legally protected property interests in the mineral rights underlying the land, without any just compensation.
"EPA gives little to no consideration to the critical role copper will play in our nation's transition to more renewable sources of power. There are multiple studies and reports that point to a looming supply gap for copper in the decades ahead. Pebble could be a critical source for the copper the nation needs to make this transition, or the U.S. will face the reality of being dependent upon China for the copper and other minerals necessary for green energy.
"Thus, for numerous legal, environmental, technical and economic reasons, the EPA should withdraw its actions against Pebble and let the established permitting and review process function as designed. Our team has submitted a thorough and detailed set of comments against the EPA's preemptive veto of Pebble and I encourage all project stakeholders to read them."
A copy of PLP's comments to the EPA can be found on the Company's website https://northerndynastyminerals.com/site/assets/files/4968/2022-09-06-pebble-comments.pdf
About Northern Dynasty Minerals Ltd. Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
For further details on Northern Dynasty and the Pebble Project, please visit the Company's website at www.northerndynastyminerals.com or contact Investor services at (604) 684-6365 or within North America at 1-800-667-2114. Review Canadian public filings at www.sedar.com and U.S. public filings at www.sec.gov.
Ronald W. Thiessen President & CEO
U.S. Media Contact: Dan Gagnier, Gagnier Communications (646) 569-5897
Forward-Looking Information and other Cautionary Factors This release includes certain statements that may be deemed "forward-looking statements" under the United States Private Securities Litigation Reform Act of 1995 and under applicable provisions of Canadian provincial securities laws. All statements in this release, other than statements of historical facts, which address permitting, development and production for the Pebble Project are forward-looking statements. These include statements regarding (i) statements on the economic contribution of the Pebble Project to the Alaskan economy, which are based on the Company's 2021 preliminary economic assessment of the Pebble Project (the "2021 PEA") which is preliminary in nature, and the IHS Markit report, identified in NDM's February 28, 2022 news release (the "IHS Markit Report"), (ii) the timing of the appeal process and the ability to successfully appeal the negative Record of Decision and secure the issuance of a positive Record of Decision by the USACE, (iii) the political and public support for the permitting process, (iv) the ability of the Pebble Project to ultimately secure all required federal and state permits, (v) future metals prices, including the price of copper, (vi) the right-sizing and de-risking of the Pebble Project, (vii) the design and operating parameters for the Pebble Project mine plan, including projected capital and operating costs, (viii) exploration potential of the Pebble Project, (ix) future demand for copper and gold, (x) the potential addition of partners in the Pebble Project, (ix) if permitting is ultimately secured, the ability to demonstrate that the Pebble Project is commercially viable, (xi) the EPA's Proposed Determination process under the CWA and the impact of this process on the ability of the Pebble Partnership to develop the Pebble Project, and (xii) the ability and timetable of NDM to develop the Pebble Project. Although NDM believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements should not be in any way be construed as guarantees that the Pebble Project will secure all required government permits, establish the commercial feasibility of the Pebble Project, achieve the required financing or develop the Pebble Project.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by NDM as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Assumptions used by NDM to develop forward-looking statements include the following assumptions, all of which are subject to risks (i) the assumptions underlying the 2021 PEA, and the assumptions related to the IHS Markit Report, (ii) the Pebble Project will ultimately obtain all required environmental and other permits and all land use and other licenses, (iii) any feasibility studies prepared for the development of the Pebble Project will be positive, (iv) NDM's estimates of mineral resources will not change, and NDM will be successful in converting mineral resources to mineral reserves, (v) NDM will be able to establish the commercial feasibility of the Pebble Project, (vi) NDM will be able to secure the financing required to develop the Pebble Project, and (vii) any action taken by the EPA in connection with the Proposed Determination will ultimately not be successfully in restricting or prohibiting development of the Pebble Project.
The likelihood of future mining at the Pebble Project is subject to a large number of risks and will require achievement of a number of technical, economic and legal objectives, including (i) the 2021 PEA may not reflect the ultimate mine plan for the Pebble Project, (ii) obtaining necessary mining and construction permits, licenses and approvals without undue delay, including without delay due to third party opposition or changes in government policies, (iii) finalization of the mine plan for the Pebble Project, (iv) the completion of feasibility studies demonstrating that any Pebble Project mineral resources that can be economically mined, (v) completion of all necessary engineering for mining and processing facilities, (vi) the ability of NDM to secure a partner for the development of the Pebble Project, and (vii) receipt by NDM of significant additional financing to fund these objectives as well as funding mine construction, which financing may not be available to NDM on acceptable terms or on any terms at all. NDM is also subject to the specific risks inherent in the mining business as well as general economic and business conditions, such as the current uncertainties with regard to COVID-19. Investors should also consider the risk factors identified in its Annual Information Form for the year ended December 31, 2021, as filed on SEDAR and included in the Company's annual report on Form 40-F filed by the Company with the SEC on EDGAR, and the Company's Management Discussion and Analysis for the year ended December 31, 2021, as filed on SEDAR and EDGAR, for a discussion of the risks that may impact our forward-looking statements and the 2021 PEA.
The National Environment Policy Act Environmental Impact Statement process requires a comprehensive "alternatives assessment" be undertaken to consider a broad range of development alternatives, the final project design and operating parameters for the Pebble Project and associated infrastructure may vary significantly from that currently contemplated.
For more information on the Company, Investors should review the Company's filings with the United States Securities and Exchange Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.
SOURCE: Northern Dynasty Minerals Ltd.
News Provided by ACCESSWIRE via QuoteMedia
Dave O’Neill, Managing Director of American West Metals commented:
“Assays continue to return spectacular copper intersections at the 2750N Zone.
“ST22-02 has intersected thick, high-grade copper just 8m from surface again highlighting the quality and shallow nature of copper sulphide mineralisation at the 2750N Zone.
“Results from the 2750N Zone are quickly confirming the potential for a high-grade open pit and DSO mining operation with outstanding expansion opportunities.
“We are also eagerly awaiting the results for drill hole ST22-10, which has intersected a thick sequence of sedimentary copper mineralisation below the shallow high-grade zones. We believe this new style of copper deposit at Storm is a game changing discovery, which may have huge implications for the copper endowment in the region.
“This year’s drilling program is exceeding our expectations, and we are clearly defining two exciting growth stories within the Storm Project.
“Further results are expected soon and we look forward to reporting on these in the coming weeks.”
Figure 1: Plan view of the 2750N Zone showing drilling and gossans over aerial photography.
DRILL HOLE ST22-02 DETAILS
ST22-02 was drilled to a downhole depth of 155m and was designed to test the continuity of the copper mineralisation in the central 2750N Zone (Figure 1).
The drill hole intersected a broad, 83m zone of vein and fracture style copper sulphide mineralisation from approximately 5m downhole. The volume of copper sulphide throughout the interval is variable and is controlled by the intensity of rock fracturing within the broader fault zone.
The stronger mineralisation in ST22-02 (and throughout the 2750N Zone) consists of massive and semi-massive chalcocite and/or bornite and is hosted within large fractures and breccia zones. The stronger zones within ST22- 02 occur between 14m and 15m (21.9% Cu), 29m and 37m (7.86% Cu), 48m and 50m (10.24% Cu), 53m and 56m (3.07% Cu), 82m and 83m (3.93% Cu) and 87m and 88m (4.97% Cu) downhole (Table 1 & Figure 2).
The remaining half-core from ST22-02 will be used for beneficiation and metallurgical test work to produce a direct shipping ore (DSO) product from the 2750N Zone mineralisation.
Table 1 summarises the significant intersections from ST22-02. Intersections are expressed as downhole widths and are interpreted to be approximately 90% of true width. A cut-off grade of 0.5% copper is used to define a significant intersection and is based on ore mineralogy, mineralisation habit and expected beneficiation performance.
Click here for the full ASX Release
This article includes content from American West Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Importantly, several drill holes recorded higher grades than estimated in the current San Antonio Inferred resource model.
The new drill results will upgrade the classification of the existing resource at San Antonio from Inferred to Indicated – allowing the resource to be included in open pit reserve estimates for the Costa Fuego Pre- feasibility Study (PFS).
A total of thirteen Reverse Circulation (RC) drill holes for 2,009m were complete across the San Antonio resource window to test extensional potential, as well as in-fill areas of lower geological confidence. Seven RC drill holes recoded significant intersections. In addition, three diamond holes for 495m were completed for metallurgical testwork purposes.
The current resource at San Antonio ((Inferred resource of 4.2Mt grading 1.2% CuEq (1.1% Cu, 2.1g/t Ag) for 48kt Cu and 287koz Ag, reported March 2022) extends from surface over a strike length of approximately 1km, and is amenable to open pit mining with relatively low strip-ratio.
Drilling undertaken across San Antonio, and its neighbouring high grade deposit Valentina, have provided significant encouragement for the addition of two potential high grade, front-end, open pit, ore sources for the combined Costa Fuego coastal copper super-hub.
Click here for the full ASX Release
This article includes content from Hot Chili Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.