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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

Comment by Richiechileon Feb 20, 2021 4:31am
233 Views
Post# 32617724

RE:RE:RE:RE:RE:RE:Onwards and Upwards

RE:RE:RE:RE:RE:RE:Onwards and UpwardsThe SX-EW is conventional. The copper on the cathodes grows through electrolysis and then periodically the copper cathodes (sheets) are harvested, typically every 30 days. Excelsior announced the first harvest on 21 Dec and the first sale on 28 Jan. It makes sense they had a second harvest in late Jan which was combined with the first harvest in Dec and was sold. The combined harvest was 90,000lbs of copper. What matters is the wellfield flowrate and PLS grade, not whether an individual well is above or below expectations. The copper mineralogy at Gunnisson and Florence is both chrysocolla. Refer to the technical studies for both projects. Acid breakthrough and rampup for both projects is slow. No problems when the copper price is getting stronger and the majority of funding was with a stream. Excelsior and Florence are both great projects. There are some differences but fundamentally they are the same (copper in the form of chrysocolla on the fracture surfaces of an intensely fractured rock under the water table). Read the technical reports. There are some differences in the host rock and hence the acid reacts differently with the gangue. This is temporary and with time will ameliorate. What a great time to be ramping up production as breakeven production has got much lower thanks to the copper price. The world is desperately short of new copper discoveries and demand is very strong and growing. I have no doubt we will see $5/lb copper.
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