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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

Alta Copper Corp. is a Canada-based emerging copper development company. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. Canariaco comprises 97 square kilometers (km2) of highly prospective land located 150 kilometers (km) northeast of the City of Chiclayo, Peru, which include the Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect. Its 100% owned Arikepay Copper-Gold Porphyry consists of three claim blocks totaling 1,800 hectares (ha). The property is located approximately 110 km south of the city of Arequipa in southern Peru. It has a 100% interest in the Don Gregorio property which is a copper-gold porphyry target located in northern Peru 140 km north-northeast of Chiclayo in the department of Cajamarca. Its Canyon Creek property is located in the northwestern end of the Quesnelia Zone (Terrane) approximately 160 km from the Red Chris Mine, 15 km from a main highway and 60 km from the town of Dease Lake.


TSX:ATCU - Post by User

Post by nizzaon Jan 22, 2024 11:40am
137 Views
Post# 35839018

Patience should be worth it here

Patience should be worth it hereIf we think about it, the future prospects in the copper sector, but also in the precious metals

sector, are relatively good.
Yes, patience was tested in this case, there is no doubt about that.

However, if the environment in the next 1-2 years leads to copper prices of 15,000 USD/ton, gold

at 2,500 USD/oz and silver perhaps 30-40 USD/oz, as many market participants expect, then

patience might be worth it.
And in the meantime, the drilling program at Norte, Sur and Verde

should significantly increase the resource.
All of this should be the material for a re-evaluation.

The raw materials markets are still not the focus of the broader market. This is also likely to

change as raw material prices rise.


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