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MineSense XRF Scanning Testwork Confirms Ore Sorting Applicability at CuMo

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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 Corp. (OTC Pink: COPR) ha ricevuto risultati iniziali promettenti dai test sull'utilizzo della tecnologia di scansione MineSense XRF su campioni del deposito di rame-molibdeno-argento CuMo in Idaho. I test, condotti presso la struttura di MineSense a Vancouver, hanno coinvolto simulazioni che replicano le operazioni di scavo con il cucchiaio della miniera e l'analisi dei minerali frantumati. I risultati indicano che:

1. La tecnologia MineSense può distinguere tra diversi gradi di rame e molibdeno nel deposito CuMo.
2. La mineralizzazione CuMo è altamente idonea per il separazione dei minerali utilizzando la tecnologia di rilevamento XRF.
3. La separazione dei minerali potrebbe potenzialmente rimuovere una parte significativa di scarti e materiali di grado inferiore, aumentando il grado del materiale alimentato al mulino.

Questo approccio potrebbe portare a una dimensione del mulino inferiore rispetto a quella proposta nella Valutazione Economica Preliminare del 2020, con potenziali riduzioni dei costi di capitale e operativi. Tuttavia, è necessario un ulteriore lavoro per confermare questi obiettivi concettuali e i potenziali miglioramenti del grado.

Idaho Copper Corp. (OTC Pink: COPR) ha recibido resultados iniciales prometedores de las pruebas sobre la tecnología de escaneo MineSense XRF en muestras del depósito de cobre-molibdeno-plata CuMo en Idaho. Las pruebas, realizadas en la instalación de MineSense en Vancouver, involucraron simulaciones que replican las operaciones de cubo de excavadora y el análisis de mineral triturado. Los resultados indican que:

1. La tecnología de MineSense puede distinguir entre diferentes grados de cobre y molibdeno en el depósito CuMo.
2. La mineralización de CuMo es altamente adecuada para la selección de mineral utilizando tecnología de detección XRF.
3. La selección de mineral podría eliminar potencialmente una parte significativa de desechos y material de menor grado, aumentando el grado del material que se alimenta al molino.

Este enfoque podría llevar a un tamaño de molino menor al propuesto en la Evaluación Económica Preliminar de 2020, lo que podría resultar en reducciones de costos de capital y operación. Sin embargo, se necesita más trabajo para confirmar estos objetivos conceptuales y las posibles mejoras en el grado.

아이더호 구리 공사(Idaho Copper Corp., OTC Pink: COPR)는 아이더호의 구리-몰리브덴-은 광산 CuMo에서 MineSense XRF 스캐닝 기술 테스트를 통해 유망한 초기 결과를 얻었습니다. 이 테스트는 MineSense의 밴쿠버 시설에서 수행되었으며, 광산 굴삭기 버킷 작업과 분쇄된 광석 분석을 재현하는 시뮬레이션이 포함되었습니다. 결과는 다음과 같습니다:

1. MineSense 기술은 CuMo 광산의 다양한 구리와 몰리브덴 등급을 구별할 수 있습니다.
2. CuMo 광물화는 XRF 감지 기술을 사용한 광석 분류에 매우 적합합니다.
3. 광석 분류는 상당한 양의 폐기물과 저급 물질을 제거할 수 있으며, 밀 가는 원료의 등급을 증가시킬 수 있습니다.

이 접근법은 2020년의 초기 경제 평가에서 제안된 것보다 작은 밀 크기로 이어질 수 있으며, 이는 자본 및 운영 비용 절감을 가져올 수 있습니다. 하지만 이러한 개념적 목표와 잠재적인 등급 향상을 확인하기 위해 추가 작업이 필요합니다.

Idaho Copper Corp. (OTC Pink: COPR) a reçu des résultats initiaux prometteurs des travaux d'essai utilisant la technologie de scan MineSense XRF sur des échantillons du dépôt de cuivre-molybdène-argent CuMo dans l'Idaho. Les tests, réalisés dans les locaux de MineSense à Vancouver, ont impliqué des simulations reproduisant les opérations de pelle de mine et l'analyse de minerai broyé. Les résultats indiquent que :

1. La technologie MineSense peut distinguer différents grades de cuivre et de molybdène dans le dépôt CuMo.
2. La minéralisation de CuMo est particulièrement adaptée à la tri de minerais utilisant la technologie de détection XRF.
3. Le tri de minerais pourrait potentiellement éliminer une part significative de déchets et de matériaux de moindre valeur, augmentant ainsi la qualité de l'alimentation du moulin.

Cette approche pourrait conduire à une taille de moulin inférieure à celle proposée dans l'évaluation économique préliminaire de 2020, entraînant potentiellement des réductions des coûts d'investissement et d'exploitation. Cependant, des travaux supplémentaires sont nécessaires pour confirmer ces objectifs conceptuels et les améliorations potentielles de qualité.

Idaho Copper Corp. (OTC Pink: COPR) hat ermutigende erste Ergebnisse von Tests mit der MineSense XRF-Scanning-Technologie an Proben des Kupfer-Molybdän-Silber-Vorkommens CuMo in Idaho erhalten. Die Tests, die in der Einrichtung von MineSense in Vancouver durchgeführt wurden, umfassten Simulationen, die den Betrieb von Minenschaufeln und die Analyse von zerkleinertem Erz nachahmten. Die Ergebnisse weisen darauf hin, dass:

1. Die MineSense-Technologie zwischen verschiedenen Kupfer- und Molybdän-Graden im CuMo-Vorkommen unterscheiden kann.
2. Die CuMo-Mineralisierung ist höchst geeignet für Erzsortierung unter Verwendung der XRF-Sensortechnologie.
3. Erzsortierung könnte potenziell einen signifikanten Teil von Abfall und niedriggradigem Material entfernen und die Millenfeed-Qualität erhöhen.

Dieser Ansatz könnte zu einer kleineren Mühlenkapazität führen als im ursprünglichen Wirtschaftlichkeitsgutachten von 2020 vorgeschlagen, was möglicherweise Kapital- und Betriebskosten senken könnte. Weitere Arbeiten sind jedoch erforderlich, um diese konzeptionellen Ziele und potenziellen Gradverbesserungen zu bestätigen.

Positive
  • MineSense XRF scanning technology successfully distinguished between different copper and molybdenum grades at CuMo deposit
  • CuMo mineralization is highly suitable for ore sorting using XRF sensing technology
  • Potential for significant reduction in capital and operating costs through improved ore sorting
  • Possible increase in mill feed grade by removing waste and lower-grade material
Negative
  • Results are preliminary and require further confirmation
  • Potential grade enhancements and targets are conceptual and uncertain

Boise, Idaho, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Idaho Copper Corp. (OTC Pink: COPR) is pleased to announce that it has received initial results from scanning and amenability testwork performed using MineSense XRF scanning technology from representative samples of the three main geological zones at the CuMo Idaho copper-molybdenum-silver deposit. These samples were tested by MineSense at its Vancouver, BC, Canada facility, and involved a series of simulations:

  • First, run of mine ore samples from each zone were repeatedly sent (ten times) through the MineSense XRF sensor ATM system, which replicates a mining shovel bucket
  • Next, the ore was crushed to <.5 inches and run through a revolving carousel equipped with the same XRF sensors
  • Thereafter, each sample was crushed to less than 5 mm and sent again to the carousel for further XRF sensor testwork.
  • Finally, the material was coned, quartered and split into 500 gm samples, and then sent to the ALS-Chemex laboratory in Vancouver for typical chemical and ICP analysis (inductive coupled plasma spectroscopy).

The amenability testing and modelling results reported by MineSense are extremely encouraging and demonstrate that (1) the MineSense technology is capable of distinguishing between the different copper and molybdenum grades that can be mined by shovels from the CuMo deposit , and (2) the copper and molybdenum mineralization at CuMo strongly lends itself to ore sorting at the mine face or on belts using XRF sensing technology.

The two graphs below for amenability modelling results show the ability of MineSense XRF shovel-based sensors to delineate between higher and lower grade copper and molybdenum CuMo ore.

These results support separating the metal-bearing veins from the host rock in the CuMo stockwork deposit. Idaho Copper’s plan is to utilize ore sorting to separate a significant portion of run-of-mine waste and lower-grade material immediately after mining, substantially increasing the head grade of the material being fed to the mill.

The Preliminary Economic Assessment (PEA)1 completed in June 2020 by SRK, based on 10-foot sample intervals, concluded that ore sorting would remove 28% of the mined material from mill feed, meaning that 72% of mined material would pass through to the mill. The current XRF analysis indicates that with optimized ore sorting, a marked improvement is possible, with a major portion of the mined material removed prior to sending higher-grade ore for mill processing. The grade enhancement effect for mill feed after scanning and separation of waste and lower-grade material results in a reduction in volume of material routed to the mill and should allow the corresponding mill size to be much smaller than that proposed in the 2020 PEA. This is further projected to yield a significant reduction in capital and overall operating costs.

The grade enhancement effect for mill feed after scanning and separation of waste and lower-grade material results in a reduction in volume of material routed to the mill and should allow the corresponding mill size to be much smaller than that proposed in the 2020 PEA. This is further projected to yield a significant reduction in capital and overall operating costs.

Notes: 1The PEA is preliminary in nature. It includes Inferred mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral Resources that are not mineral Reserves do not have demonstrated economic viability. Ore-Sorting is an industry technical term only and does not imply that there is any disclosure of Reserves currently at the CuMo project.
-

The targets and the potential grade enhancements are conceptual in nature as there has been insufficient work done to confirm the target values and it is uncertain that further work would result in realizing these targets.

About Idaho Copper Corporation

Idaho Copper Corporation is a mineral exploration and development company focused on exploring and developing a massive copper-molybdenum-silver deposit in Idaho (United States), (“the CuMo” project). The CuMo project currently consists of one hundred and twenty-six (126) federal unpatented lode mining claims, and six (6) patented mining claims. In total, the project comprises approximately 2,640 acres. The unpatented lode mining claims and patented claims are situated in an unorganized mining district in Boise County, Idaho.

For more information, visit: www.idaho-copper.com.

Safe Harbor Statement

This press release contains forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. These statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, the Company cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, the Company has no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “SEC”) on May 15, 2024, and the Company’s other periodic and quarterly filings with the SEC.

For further information, please contact: info@idaho-copper.com

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FAQ

What were the results of MineSense XRF scanning testwork for Idaho Copper Corp (COPR)?

The testwork showed that MineSense technology can distinguish between different copper and molybdenum grades in the CuMo deposit, and that the mineralization is highly suitable for ore sorting using XRF sensing technology.

How might ore sorting impact Idaho Copper Corp's (COPR) CuMo project?

Ore sorting could potentially remove a significant portion of waste and lower-grade material, increasing mill feed grade. This could lead to a smaller mill size and potentially reduce capital and operating costs compared to the 2020 Preliminary Economic Assessment.

What is the current status of the ore sorting potential for Idaho Copper Corp's (COPR) CuMo project?

The ore sorting potential and grade enhancements are currently conceptual. Further work is needed to confirm the target values and realize these potential benefits.

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