A milling study is under way at the Huckleberry porphyry copper property near Houston, B.C.
Owner New Canamin Resources (VSE) is investigating the potential economic effects of milling 25,000 tonnes per day.
A feasibility study by consultant Kilborn Engineering Pacific indicates the deposit hosts diluted minable reserves of 91 million tonnes grading 0.517% copper and 0.014% molybdenum, as well as 0.064 grams gold and 2.78 grams silver per ton. The overall stripping ratio is estimated at 1.23-to-1. It has been proposed that milling of 13,500 tonnes per day would yield a net value of $227 million over a projected mine life of 18 years. New Canamin expects to apply for a mining development certificate in early 1995.
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