Kutcho Copper Acquires Option on TCS Property in Northern B.C.
Kutcho Copper Corp. | 717 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3
Telephone: (604) 628-5623 | www.kutcho.ca
Kutcho Copper Acquires Option on TCS Property in Northern B.C.
Vancouver, B.C., April 10, 2018. Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho
Copper” or the “Company”) is pleased to announce that the Company has entered into an agreement by
which it can earn a 100% interest in the TCS Property located in northern British Columbia, approximately
90 km from the Kutcho project and 16 km from Dease Lake.
Vince Sorace, President and CEO, stated, “The TCS property covers prospective Kutcho Formation rocks
with defined Copper-Zinc anomalies which have never been drill tested and compliments the regional
exploration work planned for the Kutcho project in 2018 and 2019. TCS has been acquired as a pipeline
project and could have several future synergies as it is located proximal to the proposed haul road for the
Kutcho project."
The TCS property is underlain by the same Kutcho Formation rocks as found in the vicinity of the
mineralized deposits at the Kutcho property. These include crystal bearing felsic volcanic rocks and aphyric
felsic tuffs that may represent the same mineralized time horizon as at Kutcho. Alteration and
mineralization at TCS consists of silica-sericite-pyrite alteration of felsic volcanic units with weakly
anomalous geochemistry. Historic soil sampling defines a 600 m by 800 m Cu-Zn anomaly and is largely
limited only by the presence of glacio-lacustrine deposits. The TCS targets have never been drill tested.
References to the Kutcho Formation rocks are for information purposes only and there are no assurances
as to the similarity to the Kutcho project or that the TCS property will achieve the same results as the
Kutcho project.
Kutcho Copper can earn a 100% interest in the TCS Property by making cash payments of $10,000 upon
approval of the transaction, $15,000 at the first anniversary date and a total balance of $120,000 over the
proceeding 3 years of the option. In addition, the Company will issue up to a total of 150,000 shares over
the 4 year term, subject to approval of the TSX Venture Exchange. The TCS property will include a residual
2% NSR, of which 1% of the NSR can be bought for $500,000 on or before the first indicated resource
estimate is published, for $750,000 on or before a PEA or more stringent economic study is published, and
$1.25 million thereafter. Once the option is exercised, there will be annual advanced royalty payments of
$10,000 for five years, doubling to $20,000 a year thereafter.
In addition, the Company has recently conducted additional claim staking that has increased the size of the
project to approximately 50 km 2 (5000 Ha). For more information regarding the TCS project please visit
the company’s website at www.kutcho.ca
Qualified Person: Rory Kutluoglu, B.Sc. P.Geo., a Qualified Person as defined by National Instrument 43-
101, has read and approved all technical and scientific information contained in this news release. Mr.
Kutluoglu is the Company’s Vice President of Exploration & Development.
Kutcho Copper Corp.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing
the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility
and the highest environmental standards, the Company intends to progress the Kutcho Project through
feasibility and permitting to a positive construction decision.
Vince Sorace
President & CEO, Kutcho Copper Corp.
For further information regarding Kutcho Copper Corp., please email [email protected] or visit our website
at www.kutcho.ca.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company
within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”,
“projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur.
Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results
or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but
are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going
forward, to maintain its mineral tenures and concessions in good standing, to explore and develop Kutcho or its other projects, to
repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards
associates with mineral exploration, and mining operations, future prices of copper and other metals, changes in general economic
conditions, accuracy of mineral resource and reserve estimates, the ability of Kutcho Copper to obtain the necessary permits and
consents required to explore, drill and develop TCS and if obtained, to obtain such permits and consents in a timely fashion relative
to Kutcho Copper’s plans and business objectives for the projects; the general ability of Kutcho Copper to monetize its mineral
resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations,
compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation,
dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based
on the reasonable beliefs, estimates and opinions of Kutcho Copper’s management on the date the statements are made. Except as
required by law, Kutcho Copper undertakes no obligation to update these forward-looking statements in the event that
management’s beliefs, estimates or opinions, or other factors, should change.