Post by
MisterMarket on Mar 01, 2024 11:21pm
Try to Visualize...
It's Day 1 and exploration is ready to begin. The old company, Candente is gone, its assets taken over by NewCo---Alta Copper. Alta was extremely lucky to acquire the Canarico Norte deposit which is of considerable size. It is a good stand alone asset that can be developed if further exploration is unsuccessful. Alta's goal is to develop the 4km which hosts Canarico Norte, Canarico Sur, and Quebrava Verde. The sum total of the 3 deposits could turn out to be one mega deposit.
Alta optimized Candente's Preliminary Economic Assessment. The optimized PEA will more likely suit majors interested in the deposit. 3D geological modeling identified high grade copper zones and high priority targets which will be tested in the 2 phase, 20000 M drill program. (See Feb 29 NR). Rock in the nearby Canarico Sur deposit was found to be soft and metallurgicaly clean with low pyrite levels. This ore will be integrated into the mining plan. The long awaited PEA is set to be released in early April 2024.
There is blue sky exploration potential. With Candente getting good results at Canarico Norte, Quebrava Verde remained untested. I hope it is drilled soon, if not the shareholders of Alta Copper may not realize its value. A major player in this copper hungry world could come along and scooping Alta up and cutting its story short.
Comment by
eartotheground on Mar 07, 2024 3:14pm
MisterMarket, I can visualize quite a lot and I see what you are getting at. Alta Copper is going to have 3 large resources (mega deposit) which will all share one processing plant. The economics on the "Canariaco Trio" is exceptional in my view. Canariaco will be a generational project and that is what the majors want. The PEA will be out soon. Let's see those drills turn!