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Kutcho Copper Corp (KCCFF) is a Canadian resource development company focused on the expansion and development of the high-grade Kutcho copper-zinc project in northern British Columbia. With a feasibility stage project positioned to advance permitting, Kutcho Copper has completed target generation over its project package hosting VMS deposits. Recent accomplishments include enhancing drill targeting information, refining the flotation flowsheet for economic efficiency, and confirming closure requirements. The Esso West target, high priority target for 2024, has geophysical characteristics similar to the Esso deposit, showcasing significant exploration upside. The company continues to progress exploration targets like Mother and Far East, demonstrating a commitment to value creation and environmental responsibility.
Kutcho Copper (TSXV: KC) (OTCQX: KCCFF) has announced the discovery of a new intrusive related target at its feasibility stage copper-zinc development project in north-western British Columbia. The discovery comes from refined ZTEM, VTEM, and seismic data analysis.
Geophysical 3D inversion modeling has identified a near-surface conductivity high measuring 2,000 x 800 x 500 m in rocks younger than the Kutcho VMS system. A discrete intrusion was defined at depth, with its apex 1,300 m below the horizon of anomalous conductivity, covering approximately 4,000 by 5,000 m.
Historical rock chip samples from quartz veins near the modelled intrusion have shown significant values for copper, lead, and antimony. The high antimony and lead values differ from typical VMS mineralization, suggesting potential hydrothermal mineralization related to an igneous source. Historical soil samples in the intrusion's footprint revealed copper anomalies in sedimentary rocks above VMS stratigraphy.
Kutcho Copper has advanced its exploration targeting for the 2025 field program at its high-grade copper-zinc development project in British Columbia. The company has utilized ZTEM, VTEM, and seismic geophysical data to identify several high-priority VMS (Volcanogenic Massive Sulphide) drill targets.
The analysis has defined three near-mineralization targets (Esso West, Sumac Gap, and Hamburger) and four additional high-priority targets in fold repeat VMS horizons. The Esso West target, considered high priority, spans approximately 1900m strike by 500m down dip at 300-600m depth, with historical drilling showing promising results of 7.2m @ 2.0% Cu and 5.2% Zn.
Other significant targets include the Hamburger target near the Main deposit, the Sumac Gap below the Main deposit, and the Jenn target located 5km east and south from the Main deposit. Additional targets include Mother, Far East, and Kris, all showing promising geological characteristics for potential VMS deposits.
Kutcho Copper (TSXV: KC) (OTCQX: KCCFF) has announced a favorable resolution to its ongoing audit with the Canada Revenue Agency (CRA). The audit involved the company's subsidiary, Kutcho Copper Holdings Inc. (KCH), for taxation years ending April 30, 2019, and 2020. Initially, the CRA had denied almost all expenses claimed by KCH related to work programs conducted in 2018 and 2019.
Following formal notices of objection filed by KCH, the CRA has now fully allowed the disputed amounts. As a result, Kutcho Copper expects to receive approximately $800,000 in refunds, comprising GST refunds that were previously withheld, mining exploration tax credits for the 2020 taxation year, and accrued interest on withheld amounts.
Kutcho Copper (TSXV: KC) (OTCQX: KCCFF) provided an update on its feasibility-stage copper-zinc project in British Columbia. The project's feasibility study demonstrates strong economics with after-tax NPV ranging from C$536M to C$839M at various copper prices (US$4.00-5.00/lb), with IRRs between 30.5% and 42.3%.
Recent optimization efforts have yielded significant improvements, including a $57 million reduction in initial capital through deferring underground operations, and enhanced metallurgical processes. The company is advancing mine closure details and has confirmed non-acid generating properties of overburden materials.
The project features existing infrastructure including a camp and airstrip, with planned exploration of multiple targets in 2025. Two key exploration areas - Esso West and Mother targets - will be tested with 4,100m of drilling. The Esso West target notably showed historical drilling results of 7.2m @ 2.0% Cu and 5.2% Zn.
Kutcho Copper announces the resignation of Stephen Quin from its board of directors, though he will continue as an advisor to the company. Quin has served as director since the company's foundation in 2017, contributing to the completion of the feasibility study. The Kutcho copper-zinc project is highlighted as one of the few high-grade copper-zinc projects in Canada positioned to potentially benefit from increasing copper demand related to electrification and decarbonization trends.
Kutcho Copper has enhanced its drill targeting at its high-grade copper-zinc project in north-western British Columbia. The company has refined data using ZTEM, VTEM, and seismic methods to improve target delineation, especially at the Esso West location, which has shown promising results. Kutcho Copper has also identified two additional targets near the Main Zone. Mira Geoscience provided the data analysis, showing significant depth potential up to 800m. Despite historical work, Esso West showed a 7.2m intercept with 2.0% Cu and 5.2% Zn. The company is also progressing on new targets: Sumac Gap and Hamburger.
Kutcho Copper Corp. (TSXV: KC, OTCQX: KCCFF) has outlined key value opportunities and accomplishments for its high-grade copper-zinc project in British Columbia. Highlights include a feasibility study presenting an after-tax NPV of C$384M to C$839M and IRR of 24.2% to 42.3% at copper prices from $3.50 to $5.00/lb. The project's strategic location features existing infrastructure and reduced environmental impacts. 2023 milestones include significant metallurgical optimization, capital reduction via deferred underground mining, and promising exploration targets like Esso West and Mother. For 2024, the focus is on advancing exploration, evaluating strategic opportunities, and progressing towards production.
Kutcho Copper Corp. has officially commenced trading on the OTCQX Best Market under the symbol KCCFF as of May 27, 2021. This upgrade from the Pink market reflects the company's commitment to transparency and high financial standards, aiming to enhance its visibility to U.S. investors. The President, Vince Sorace, noted that the improved market presence could expand the investor base, especially as the copper market remains robust. The company focuses on developing its high-grade copper-zinc project in British Columbia, committed to social responsibility and environmental standards.
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