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Idaho Copper Corporation (COPR) is a prominent copper mining company dedicated to sustainable and responsible mining practices. They specialize in the exploration, development, and production of high-quality copper resources. With a strong focus on innovation and environmental stewardship, Idaho Copper Corporation is committed to enhancing shareholder value while contributing positively to the communities in which they operate.
Idaho Copper Corp. (OTC Pink: COPR) has received promising initial results from MineSense XRF scanning technology testwork on samples from the CuMo Idaho copper-molybdenum-silver deposit. The tests, conducted at MineSense's Vancouver facility, involved simulations replicating mining shovel bucket operations and crushed ore analysis. Results indicate that:
1. MineSense technology can distinguish between different copper and molybdenum grades in CuMo deposit.
2. CuMo mineralization is highly suitable for ore sorting using XRF sensing technology.
3. Ore sorting could potentially remove a significant portion of waste and lower-grade material, increasing mill feed grade.
This approach could lead to a smaller mill size than proposed in the 2020 Preliminary Economic Assessment, potentially resulting in reduced capital and operating costs. However, further work is needed to confirm these conceptual targets and potential grade enhancements.
Idaho Copper (OTC:COPR) has appointed Andrew Brodkey as its new Chief Executive Officer, replacing Steven Rudofsky who will remain on the board of directors. Brodkey, previously the company's Chief Operating Officer, brings over 30 years of experience in the mining and metals sector. His background includes executive positions at publicly traded mining companies and founding the International Mining and Metals Group at CB Richard Ellis.
Brodkey holds a Bachelor of Science in Mining Engineering from the University of Arizona and a Juris Doctor from Creighton University. The company's CFO, Robert Scannell, emphasized that Brodkey's expertise in mining engineering, law, and permitting will be important for Idaho Copper's future success.
Idaho Copper announced promising results from Veracio's TruScan XRF technology analysis on six drillholes at its CuMo deposit. The detailed scanning revealed potential for ore sorting, which can separate waste from higher-grade ore, thus improving overall processing efficiency. The initial results suggest significant grade enhancements, with Mo increasing from 0.041% to 0.232%, Cu from 0.08% to 0.11%, and Cu-equivalent from 0.36% to 1.46% in mill feed. This could reduce waste, lower mill size requirements, and decrease capital and operational costs, presenting an optimistic future for the CuMo project.
Idaho Copper (COPR) is beginning a important phase in its business plan by deploying a 'TruScan' core scanning unit to analyze metal grades from drill cores at the CuMo project. Veracio, a subsidiary of Boart Longyear, is providing the technology. The company aims to optimize ore sorting parameters to enhance profitability and reduce capital costs. Additionally, Idaho Copper CFO commented on the industry's M&A activity, signaling a positive outlook for the mining sector.
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