Identifies Near Resource Expansion Drill Targets
Kutcho Copper Corp. (TSXV: KC) has unveiled a significant mineral resource estimate update to be utilised in its Feasibility Study on its 100% owned Kutcho high grade copper-zinc project located in British Columbia.
“We are pleased to announce an updated mineral resource estimate for the Kutcho Project that incorporates the substantial work completed over the past few years, and most notably since the previous resource estimate, incorporating the improved metallurgical recoveries achieved in 2020,” President and CEO, Vince Sorace, said.
“The updated estimate of mineral resources includes an eight per cent increase in Measured and Indicated tonnes and a 24% increase in Inferred tonnes compared to the 2019 resource estimate.
“This updated mineral resource is currently being used as the foundation for the Feasibility Study, which remains on track to be completed this June. In addition, there remains significant exploration potential between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project.,” stated Vince Sorace of Kutcho Copper.”
Mr Sorace said four priority targets exist on the Kutcho project that are located between, below or along strike from existing mineral resources. These targets represent high probability drill areas that could result in significant accretive value to the Kutcho project.
- The Main-Sumac Gap identifies a 400 m by 380m panel between the Main and Sumac lenses that is untested by drilling. A conductive geophysical anomaly coincides with the area and is 360 m long. The most eastern hole to intersect the Sumac lens and located on the western margin of the gap returned 5.12 m of 1.29% Cu, 0.49% Zn and 7 g/t Ag confirming the potential of this panel.
- Open Down Dip: Significant portions of all three lenses remain open down dip outside of current resources including over 36% of the strike length of the Main deposit, 50% of Esso and 100% of Sumac.
- The Esso-West Expansion target lies 300 m west of the high-grade Esso deposit where just 150m of a 1,500m long geophysical anomaly has been drill tested. That drilling returned several mineralised intercepts including 7.2 m of 2.0% Cu, 5.2% Zn and ~17 g/t Ag. There remains 300m of untested Kutcho horizon between hole E094B3 and Esso, along with an additional 1000 m of untested horizon to the west of hole E094B3.
- Footwall Zone (FWZ) lies stratigraphically beneath the Main zone and represents a stacked massive sulphide horizon that is open in all directions. The last drill hole to the east and down dip intersected 1.5 m of 3.54% Cu, 6.94% Zn, 316.9 g/t Ag and 1.47 g/t Au.
