Gunnison Copper Mobilizes Mining Fleet at the Johnson Camp Mine in SE Arizona
Gunnison Copper Corp (TSX: GCU) (OTCQB: GCUMF) has begun mining activities at the Johnson Camp Mine (JCM) in southeast Arizona, with first copper production expected by mid-2025. The project, fully funded by Nuton , a Rio Tinto venture, includes the mobilization of the mining fleet and pre-stripping operations. The mine has a production capacity of 25 million pounds of copper cathode annually, aimed at supplying American clean energy, defense, and manufacturing sectors.
The construction progress includes new leach pad development and crushing of over-liner material. The project currently employs over 150 local workers and contractors, demonstrating the company's commitment to local workforce development. Three engineering firms are contributing to this industry-first project.
Gunnison Copper Corp (TSX: GCU) (OTCQB: GCUMF) ha avviato le attività minerarie presso la Johnson Camp Mine (JCM) nel sud-est dell'Arizona, con i primi eventi di produzione di rame attesi entro metà del 2025. Il progetto, interamente finanziato da Nuton, una joint venture di Rio Tinto, prevede la mobilitazione della flotta mineraria e le operazioni di pre-stripping. La miniera ha una capacità produttiva di 25 milioni di libbre di catodo di rame all'anno, destinato a fornire i settori dell'energia pulita, della difesa e della manifattura negli Stati Uniti.
I progressi nella costruzione includono lo sviluppo di nuove aree di percolazione e la frantumazione di materiali di copertura. Attualmente, il progetto impiega oltre 150 lavoratori locali e appaltatori, dimostrando l'impegno dell'azienda nello sviluppo della forza lavoro locale. Tre aziende di ingegneria stanno contribuendo a questo progetto pionieristico nel settore.
Gunnison Copper Corp (TSX: GCU) (OTCQB: GCUMF) ha comenzado las actividades mineras en la Johnson Camp Mine (JCM) en el sureste de Arizona, con la primera producción de cobre prevista para mediados de 2025. El proyecto, completamente financiado por Nuton, una empresa conjunta de Rio Tinto, incluye la movilización de la flota minera y las operaciones de pre-despojo. La mina tiene una capacidad de producción de 25 millones de libras de cátodo de cobre anualmente, destinada a abastecer los sectores de energía limpia, defensa y manufactura de Estados Unidos.
El progreso de la construcción incluye el desarrollo de nuevas plataformas de lixiviación y la trituración de material de cobertura. Actualmente, el proyecto emplea a más de 150 trabajadores locales y contratistas, demostrando el compromiso de la empresa con el desarrollo de la fuerza laboral local. Tres firmas de ingeniería están contribuyendo a este proyecto pionero en la industria.
건니슨 구리 공사 (TSX: GCU) (OTCQB: GCUMF)가 애리조나 남동부에 위치한 존슨 캠프 광산 (JCM)에서 채굴 활동을 시작하였으며, 2025년 중반에 첫 번째 구리 생산이 예상됩니다. 이 프로젝트는 리오 틴토의 합작 투자인 뉴턴에 의해 전액 자금 지원을 받으며, 채굴 함대의 동원과 사전 제거 작업을 포함합니다. 이 광산은 연간 2500만 파운드의 구리 음극을 생산할 수 있는 능력을 가지고 있으며, 미국의 청정 에너지, 방위 및 제조 분야에 공급될 예정입니다.
건설 진행 상황에는 새로운 용해 패드 개발과 덮개재의 분쇄가 포함됩니다. 현재 이 프로젝트에는 150명 이상의 현지 근로자와 계약업체가 고용되어 있으며, 이는 지역 노동력 개발에 대한 회사의 의지를 보여줍니다. 세 개의 엔지니어링 회사가 이 업계 최초의 프로젝트에 기여하고 있습니다.
Gunnison Copper Corp (TSX: GCU) (OTCQB: GCUMF) a commencé ses activités minières à la Johnson Camp Mine (JCM) dans le sud-est de l'Arizona, avec une première production de cuivre prévue pour mi-2025. Le projet, entièrement financé par Nuton, une coentreprise de Rio Tinto, inclut la mobilisation de la flotte minière et les opérations de pré-décapage. La mine a une capacité de production de 25 millions de livres de cathodes de cuivre par an, destinée à approvisionner les secteurs de l'énergie propre, de la défense et de la fabrication américains.
Les progrès de la construction comprennent le développement de nouvelles aires de lixiviation et le concassage de matériaux de couverture. Actuellement, le projet emploie plus de 150 travailleurs locaux et entrepreneurs, démontrant l'engagement de l'entreprise envers le développement de la main-d'œuvre locale. Trois entreprises d'ingénierie contribuent à ce projet pionnier dans l'industrie.
Gunnison Copper Corp (TSX: GCU) (OTCQB: GCUMF) hat mit den Bergbauaktivitäten in der Johnson Camp Mine (JCM) im Südosten von Arizona begonnen, wobei die erste Kupferproduktion bis Mitte 2025 erwartet wird. Das Projekt, das vollständig von Nuton, einem Unternehmen von Rio Tinto, finanziert wird, umfasst die Mobilisierung der Bergbaufleet und Vorab-Aushubarbeiten. Die Mine hat eine Produktionskapazität von 25 Millionen Pfund Kupferkathode jährlich, die auf die Bereitstellung für den amerikanischen Sektor der sauberen Energie, Verteidigung und Fertigung abzielt.
Der Baufortschritt umfasst die Entwicklung neuer Laugungsflächen und das Zerkleinern von Überdeckungsmaterial. Derzeit beschäftigt das Projekt über 150 lokale Arbeitskräfte und Auftragnehmer, was das Engagement des Unternehmens für die Entwicklung der lokalen Arbeitskräfte unter Beweis stellt. Drei Ingenieurbüros tragen zu diesem branchenführenden Projekt bei.
- Fully funded construction by Nuton (Rio Tinto venture)
- Production capacity of 25 million pounds of copper cathode annually
- Project tracking major construction milestones and budget
- 150+ local employees and contractors already hired
- Production not expected until mid-2025
Phoenix, Arizona--(Newsfile Corp. - December 16, 2024) - Gunnison Copper Corp. (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS) ("Gunnison" or the "Company") is pleased to provide a construction update for the fully permitted Johnson Camp Mine ("JCM"), in southeast Arizona, with first copper production anticipated mid 2025.
Further to the construction update from the press release dated August 8th, 2024, where it was announced construction of the new leach pad, including crushing of the over-liner material, had commenced the Company is pleased to report that the mining fleet has been mobilized, and mining activities such as pre-stripping have begun.
Construction of the Johnson Camp Mine is fully funded by Nuton LLC ("Nuton"), a Rio Tinto venture. Gunnison is the owner and operator of the mine which has a production capacity of up to 25 million pounds of copper cathode per year to directly supply critical American supply chains in the clean energy, defense, and manufacturing sectors.
"We are extremely pleased with how well the JCM construction is progressing. We are tracking our major construction milestones and budget, including mobilization of the mining fleet and leach pad construction. The successful start of mining activities was made possible by our highly talented local workforce of over 150 employees and third party contractors, reflecting our commitment to workforce development and local area economic stimulus," comments Robert Winton, SVP Operations and General Manager of Gunnison Copper. "From concept to first production measured in months is a testament to our partnership with Nuton and the support of the 3 engineering firms contributing to this industry first."
Phase 1 Pad Liner installation (Nov 21/24)
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Ore control drilling in Burro Pit (December 10/24)
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During construction, progress along with an image gallery will be posted on the company website at www.GunnisonCopper.com
ABOUT GUNNISON COPPER
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 known deposits within an 8 km economic radius, in the Southern Arizona Copper Belt.
Its flagship asset, the Gunnison Copper Project, has a measured and indicated mineral resource containing over 831 million tons with a total copper grade of
The PEA is preliminary in nature and 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. There is no certainty that the conclusions reached in the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
In addition, Gunnison's Johnson Camp Asset, which is under construction with first copper production in H1 2025, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million lbs of finished copper cathode annually.
Other significant deposits controlled by Gunnison in the district, with potential to be economic satellite feeder deposits for Gunnison Project infrastructure, include Strong and Harris, South Star, and eight other deposits.
For additional information on the Gunnison Project please refer to the Company's press release dated November 14, 2024 entitled "Gunnison Copper Announces Preliminary Economic Assessment of Open Pit Mining at its Flagship Gunnison Project in Arizona's Copper Belt".
Dr. Stephen Twyerould, Fellow of AUSIMM, President and CEO of the Company is a Qualified Person as defined by NI 43-101. Mr. Twyerould has reviewed and is responsible for the technical information contained in this news release.
ABOUT NUTON
Nuton is an innovative venture that aims to help grow Rio Tinto's copper business. At the core of Nuton is a portfolio of proprietary copper leaching related technologies and capability. Nuton offers the potential to economically unlock copper through leaching, including from primary sulfide resources, achieving market-leading recovery rates and contributing to an increase in copper production at new and ongoing operations. One of the key differentiators of Nuton is the ambition to produce the world's lowest carbon footprint copper while having at least one Positive Impact at each of its deployment sites, across its five pillars: water, energy, land, materials and society.
For more information on Gunnison, please visit our website at www.GunnisonCopper.com
For further information regarding this press release, please contact:
Gunnison Copper Corp.
Concord Place, Suite 300, 2999 North 44th Street, Phoenix, AZ, 85018
Shawn Westcott
T: 604.365.6681
E: info@GunnisonCopper.com
www.GunnisonCopper.com
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, statements with respect to: (i) the intention to deploy the Nuton® technology at the Johnson Camp mine and future production therefrom; (ii) the continued funding of the stage 2 work program by Nuton; (iii) the details and expected results of the stage two work program; (iv) future production and production capacity from the Company's mineral projects; (v) the results of the preliminary economic assessment on the Gunnison Project; and (vi) the exploration and development of the Company's mineral projects.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, Nuton will continue to fund the stage 2 work program, the availability of financing to continue as a going concern and implement the Company's operational plans, the estimation of mineral resources, the realization of resource and reserve estimates, , copper and other metal prices, the timing and amount of future development expenditures, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs (including the price of acid), the availability of labour, material and acid supply, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to the Company not obtaining adequate financing to continue operations, Nuton failing to continue to fund the stage 2 work program, the breach of debt covenants, risks inherent in the construction and operation of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined including the possibility that mining operations may not be sustained at the Gunnison Copper Project, risks related to the delay in approval of work plans, variations in mineral resources and reserves, grade or recovery rates, risks relating to the ability to access infrastructure, risks relating to changes in copper and other commodity prices and the worldwide demand for and supply of copper and related products, risks related to increased competition in the market for copper and related products, risks related to current global financial conditions, risks related to current global financial conditions on the Company's business, uncertainties inherent in the estimation of mineral resources, access and supply risks, risks related to the ability to access acid supply on commercially reasonable terms, reliance on key personnel, operational risks inherent in the conduct of mining activities, including the risk of accidents, labour disputes, increases in capital and operating costs and the risk of delays or increased costs that might be encountered during the construction or mining process, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233903
FAQ
When will Gunnison Copper (GCUMF) begin copper production at Johnson Camp Mine?
What is the annual production capacity of GCUMF's Johnson Camp Mine?
Who is funding the Johnson Camp Mine construction for GCUMF?
How many employees does GCUMF currently have at Johnson Camp Mine?
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