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Alta Copper Corp T.ATCU

Alternate Symbol(s):  ATCUF

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.


TSX:ATCU - Post by User

Post by nizzaon May 27, 2024 1:21am
181 Views
Post# 36058410

Not long until the expected drilling permits

Not long until the expected drilling permits
I think this might be an important point that horseewithnoname raises.

The drilling permits signal, on the one hand, that the expected increase in resources is finally getting closer and, on the other hand, the acceptance of the community.

And the last is indeed a very important signal that could create enormous trust.

There is no doubt in my mind that the government supports it.

And only when drilling can new resources be discovered.

In my opinion, Sur can be expected to double from 2.2 to 4.4 MRD p Cu, Verde is promising and good for surprises, but should at least reach the level of Sur.

This means that the current resource of 16.6 MRD p Cu could be expanded by a further 6.6 MRD p Cu.

That would correspond to a whopping expansion of 40%.

If I understand correctly, drilling permits are expected in the last third of Q3, so in about 3 months.


That won't be long now.

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