TSXV:USCU - Post Discussion
Post by
WildlyBullish on Oct 17, 2021 2:28pm
Company Highlights (Location Location Location)
- Copper Resources (NI 43-101 compliant):
- Indicated: 1.3 billion pounds of copper
- Inferred: 1 billion pounds of copper
- Historical resource estimate of 4 billion pounds of copper by prior owner PlacerAmex.
- Historical production of 161 million pounds of copper at 2.2% grade from 1915 to 1930.
- Located in a mining-friendly county in NE California.
- PEA on Moonlight indicates an NPV(8%) of US$179M after tax at $3.15/lb copper.
- PEA economics exclude two other deposits which could increase size and value.
- Gold and silver credits present further upside; represented 20% of historic mined value.
Three Advanced Stage Deposits
Focused on three advanced stage copper deposits with previous exploration work located in the historic Lights Creek District in Plumas County, California.
- Moonlight Deposit – NI 43-101 compliant copper resource of 252 million tons at 0.25% Cu Indicated and 109 million tons at 0.24% Cu Inferred.
- Superior Deposit – NI 43-101 compliant copper resource of 54 million tonnes at 0.41% Cu Inferred.
- Engels Deposit - Historical resource estimate of 19 million tons at 0.63% copper sulfide at surface.
- Several partially tested and untested exploration targets.
- 100 miles NW of Reno, Nevada.
- State Highway 89: 7 miles SW
- Rail: 7 miles SW • Power lines: 2 miles south
- Paved road to property
- Lodgings, supplies & qualified labor nearby
- Sacramento deep water port: 150 miles SW HISTORIC LIGHTS CREEK DISTRICT:
source:
https://uscoppercorp.com/wp-content/uploads/2021/04/US-Copper-Fact-Sheet-20210401.pdf
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