Leach tests on core from last year’s diamond drilling program on the Getty North property has returned positive results.
The property, owned by Getty Copper (VSE) and situated in the Highland Valley of British Columbia, contains a large porphyry copper deposit capped by a zone of oxide copper mineralization.
Several majors have held interests in the property dating back to the 1960s and early 1970s, but most of their work concentrated on sulphide mineralization. Getty estimates the zone is 86-96% oxidized and extends from surface to a depth of 350 ft.
Leach tests on five drill holes returned recoveries of 67.5-92%, confirming the results of previous, more extensive leach tests of surface mineralization. Getty President John Lepinski estimates the oxide resource is more than 13 million tons grading about 0.5% copper and he notes that the stripping ratio should be less than 1-to-1.
The company is trying to raise $4 million to advance the project to the feasibility stage.
Getty has 14.9 million shares outstanding, of which almost 10 million are held in escrow.
Be the first to comment on "Getty develops oxide copper"