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Gunnison Copper Corp T.GCU

Alternate Symbol(s):  GCUMF

Gunnison Copper Corp., formerly Excelsior Mining Corp., is a copper development company. The Company operates in Cochise County, Arizona, and is focused on delivering pure copper cathode into the United States domestic supply chain. The Company’s projects include Gunnison Copper Project, the Johnson Camp Mine, and a portfolio of exploration projects, including the Peabody Sill and the Strong and Harris deposits, in Cochise County, Arizona. The Strong and Harris copper-zinc-silver deposit is located just 1.3 miles (2.4 kilometers) north of Gunnison Copper’s Johnson Camp SX-EW facility. The Gunnison Project which incorporates a large open pit of predominantly copper oxide mineralization approximately two kilometers south of Johnson Camp Mine (JCM). The Project is a copper cathode and is designed to produce around 167 million pounds of copper cathode annually.


TSX:GCU - Post by User

Post by Richiechileon Feb 19, 2021 6:12pm
298 Views
Post# 32616355

Onwards and Upwards

Onwards and UpwardsThere are 41 production wells. 16 injection and 25 recovery wells arranged in a 5 spot pattern. Beyond that there are further point of compliance wells to ensure hydraulic control and compliance with the APP/UIC. Copper production is a function of flow rate x PLS grade (pregnant leach solution). The 5 spot pattern means acid solution flows from an injection well to numerous recovery wells leaching the copper which is found on the surfaces of the rock fractures. Individual wells will have different flow rates (some high, some low) but what matters is the overall wellfield flowrate and PLS grade.The copper mineral is mainly chysocolla which leaches well. Have a look at the Florence website for announcements and timings for acid break through and leach curves to ramp up to full production in the feasibility. It takes a while but what a great time to be ramping up production into a rising copper price. The project capex was mainly funded by the triple flag stream so there is not a rigid senior secured debt instrument hanging round the neck of management. Covid has disrupted many copper mines. Relax and give the process some more time.
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