Alta Copper Corp T.ATCU

Alternate Symbol(s): ATCUF

Metals & Mining Copper

Alta Copper Corp. is a Canada-based copper developer, which is engaged in the acquisition, exploration and development of mineral rights interests. The Company is focused on the development of its 100% owned Canariaco advanced staged copper project. The Canariaco Copper Project is an advanced stage porphyry copper exploration and development project located in Northern Peru. Canariaco comprises about 97 square kilometers of highly prospective land located about 102 kilometers (km) northeast of the City of Chiclayo, Peru, which includes the advanced stage Canariaco Norte deposit, Canariaco Sur deposit and Quebrada Verde prospect, all within a four km NE-SW trend in northern Peru’s mining district. The Company also holds other earlier stage base metal properties located in Peru and Canada. Its other projects include Don Gregorio property, Arikepay Copper-Gold Porphyry Discovery, and Canyon Creek property. Don Gregorio property is a copper-gold porphyry target located in northern Peru.

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Alta Copper Corp

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Comment by PAiron Feb 20, 2012 8:09am

313 Views

Post# 19557010

RE: RE: RE: Mitsubishi Corp buys 18% of Peru coppe

We have to keep in mind that these big projects can take time. There are a lot of details that the buyer needs to consider and evaluate. Just from a quick search on Quellaveco, I found out that Anglo American were ready to go with Quellaveco in 2001 (maybe earlier??).

in 2009 the Peru gov. approved a revised environmental study.

Just two years ago, in 2010 the BoD of Anglo American gave the OK for the mine - that's 9 years after they were willing to go with the project. And here we are in 2012 and they are still looking for partners.

Now we have the new laws and procedures to contend with. Quellaveco like CN are big enough projects. It will get done, in time. There are just a few pieces of the puzzle missing.

jmho
P-Air

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