Azco Mining (TSE) has received approval of its final environmental impact statement for the Sanchez project near Safford, Ariz.
Azco originally submitted a plan of operations to the Bureau of Land Management in August, 1991.
Yearly production from the planned 12-million-ton-per-year solvent extraction-electrowinning operation is projected at 56 million lb. of cathode copper. Cash cost: about US49 cents per lb.
Preliminary reserves are estimated to be about 191 million tons grading 0.31% copper.
Azco hopes to start constructing the plant this summer if financing can be arranged for the estimated US$75-million capital cost.
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