Vancouver – As far as permitting goes, all Western Copper (WRN-T) needs now is a quartz mining license for its Carmacks copper property, about 200 km north of Whitehorse, Yukon.
Western Copper has become the first mining company to complete the relatively new socio-environmental approval process under the Yukon Environmental and Socio-economic Assessment Act.
The government has handed Western Copper a go-ahead in its document of decision. The next step is to apply for the quartz mining license that would allow it to begin operations.
In its feasibility study for Carmacks Western Copper outlined a 6 year, open pit mine, with a $144 million price tag.
So far the company has defined an oxide resource of 12 million measured and indicated tonnes grading 1.07% copper, 0.46 gram gold per tonne and 4.6 grams silver per tonne, and a sulphide resource of 4.3 million tonnes grading 0.75% copper, 0.22 gram gold and 2.4 grams silver.
On news of the document of decision Western Copper’s share price slipped 10 to close at 95.
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