VVC Exploration Corp V.VVC

Alternate Symbol(s): VVCVF

Metals & Mining Gold

VVC Exploration Corporation is engaged in the exploration, development, and management of natural resources. It produces helium & NG at its project in Kansas, Syracuse, it focuses on helium & NG projects. Its Syracuse project, located in the Bradshaw field, consists of over 16,400 acres of nearly contiguous oil and gas leases, directly north of the Greenwood Field and due west of the Hugoton Field. Its focus is the near-production copper project, Gloria, which hosts oxide copper mineralization with a copper resource of 59.4 million pounds. Gloria, a copper project in Northern Mexico, is its main property. The property comprises 4,055 acres in Chihuahua State, Mexico, 30 miles south of El Paso, TX. Its other projects include Cumeral, a gold/silver project in Northern Sonora, MX; La Osa and El Recreo, two gold/copper projects located in Northern Sonora and near Mazatlan, MX. It also engages in the exploration of new copper projects and other associate metals including gold and silver.

TSXV:VVC - Post by User

VVC Exploration Corp

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Post by production05on Mar 03, 2017 10:46pm

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Post# 25930728

Slight update to the Samalayuca website page

I only copied some of the info from the webpage.

Also, all of this info is just tentative. As with every other time, none of this info matters until they get the mining permit in hand. Though, first they have to get the drilling permit. Perhaps it will be a somewhat positive indicator for changes of getting the mining permit, if they are able to get the drilling permit.

The numbers below were crunched at US$2.25 Cu price per lb. The current spot price it US$2.69 per lb. If copper prices remain high, and if VVC is able to control operating costs, we could see much higher numbers than profiled below.

Opportunity:

• 42.5 million pound copper resource minimum (43-101 verified) on less than 10% of known mineralization zones.

• Estimated 500 million pound copper resource (minimum) with a multi-billion pound potential.

• 3 Year Pilot Mine Project to start in Q4 of 2017 or Q1 of 2018 and generate over $175 million revenue from the pilot phase only with an assumed copper price of $2.25.

General Info & Timeline:

• VVC optioned 33.75% of the Samalayuca project in October 2013 and assumed management control, increasing that option to 67.5% in 2015.

• This previously producing property was shut down when Asarco closed the Copper Smelter in El Paso in 1970 and copper prices did not justify a local recovery facility.

• Phase 1 production area includes less than 10% of the mineralized zone of the Samalayuca property.

• 43-101 tons of 4.25 million tons of copper ore (42.5 million pounds of copper) completed in April 2013.

• Phase 1 production expected to begin Q4 of 2017 or Q1 of 2018 and last for 3 years and produce between 7 and 8 million tons of ore (70 to 80 million pounds of copper)

• VVC’s 67.25% share of Phase 1 production at $2.25 per pound is expected to be in excess of US $125 million.

Samalayuca Milestones to Production and Cash Flow Positive:

Filed for drilling permits—February 2017.
Drilling for first pit, heap leach pad and camp—tentatively scheduled for April/May 2017.
Mining Permit filing—Q3 2017
Mine construction—Q4 2017/Q1 2018.
First New Copper Mined—late 2018.
First Copper Sales—2nd half of 2018.