Canadian Copper (CSE: CCI) has released a new resource estimate for its Murray Brook copper-zinc project near Bathurst, N.B. The company took a majority stake in Murray Brook earlier this year, and will soon own 100% of the asset.
The new estimate increases measured and indicated sulphide resources by 18% to 21.4 million tonnes containing an additional 670 million lb. copper equivalent.
The Murray Brook deposit now contains 15.8 million measured tonnes grading 0.43% copper, 2.6% zinc, 0.92% lead, 0.52 gram gold per tonne, and 39 grams silver. Seen another way, the measured resource has a grade of 1.42% copper equivalent or 8.65% zinc equivalent.
The indicated portion is now 5.3 million tonnes grading 0.52% copper, 2.14% zinc, 0.85% lead, 0.67 gram gold, and 37.3 gram silver, containing 1.41% copper equivalent or 8.58% zinc equivalent.
Canadian Copper plans to release a new preliminary economic assessment for Murray Brook in next year’s second quarter.
The sulphide mineralization is a sedimentary-hosted, volcanogenic massive sulphide (VMS) deposit and is suitable for open pit, truck and shovel mining. The property has additional exploration potential and is located about 10 km from a mineral processing plant.
Canadian Copper also controls the Murray Brook West property adjacent to Murray Brook. This is a grassroots project that the company believes has considerable potential, being located between the former Caribou copper-zinc mine (east of the Murray Brook property) and the former Restigouche copper-zinc mine (west of Murray Brook West).
The company has a market capitalization of $7.3 million.
Be the first to comment on "Canadian Copper adds to Murray Brook resource ahead of PEA"