Kutcho Copper Outlines Regional Exploration Plans
Kutcho Copper Corp. | 717 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3
Telephone: (604) 628-5623 | www.kutcho.ca
Kutcho Copper Outlines Regional Exploration Plans
Vancouver, B.C., February 28, 2023. Kutcho Copper Corp. (TSXV: KC, OTCQX: KCCFF)
(“Kutcho Copper” or the “Company”) is pleased to provide an overview of its explorations plans
at its feasibility stage, high -grade copper -zinc Kutcho Project located in north -western British
Columbia.
Vince Sorace, President & CEO of Kutcho Copper comments: “The Kutcho Project has not seen
any significant exploration since 1990. The prospective mineralized horizons that host the existing
deposits repeat three times across our land position and volcanogenic massive sulphide (“VMS”)
deposits typically occur in clusters along favourable horizons. With three deposits already
identified along the Main-Sumac-Esso horizon, the Project has the making of a substantive VMS
district and has potential for discovery of completely new deposits.”
“We have a detailed regional exploration plan for the Kutcho Project that will involve an extensive
geophysics program across the entire claim block. Previous VTEM surveys on select areas over
the Project were only able to penetrate a few hundred meters below surface, while a 1983 gravity
survey over the Main lens proved that th e Kutcho massive sulphides produce a significant
gravitational response. We intend to focus on gravity techniques and other improved remote
sensing capabilities and new technologies, combined with existing data and interpretations, to
generate compelling targets to be followed up with drill testing.”
Highlights of the planned program include (Figure 1):
• In depth assessment of the existing geophysical survey data with enhanced modelling
techniques.
• An aerial gravity survey to cover the full project area with techniques that have improved
significantly since 1983.
• Information from the gravity survey will aid in the interpretation of existing versatile time
domain electromagnetic (“VTEM”) and total magnetic intensity (“TMI”) data
• Detailed seismic will be used to follow up on potential additional VMS lenses prior to
expedited drilling of priority targets.
• Combine all geophysical data, rock chip sampling, structural information, and exposure
mapping to define priority drill targets.
• Hyperspectral logging of select drill core to capture alteration zonation and help map rock
units hidden by intense alteration to provide vectors towards new mineralization
The Kutcho Project encompasses ~90% of the prospective Kutcho Formation rocks east of Dease
Lake, B.C. These prospective volcanic rocks are folded, repeating the favourable mineralized
horizon that hosts the Main, Sumac and Esso VMS deposits three times within the Project
boundary, including the areas hosting the known deposits.
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The Main, Sumac and Esso deposits are all aligned and plunge at 15 o to the west , with Main
outcropping at surface and Esso occurring at approximately 400 m below the surface. The existing
VTEM data does not penetrate deep enough to detect the Esso deposit but the proposed aerial
gravity survey can investigate the highly prospective co rridor west of and to depth, beyond the
Esso deposit, where drilling in 1980 returned an intersection of 7.2m of 2.0% Cu, 5.2% Zn and
17g/t Ag in hole E094B3 (Figure 2)
Figure 1: Kutcho Project geology and VTEM Tau signal overlaid that defines the Main and Sumac lenses
and other VTEM targets across the project. Note that the depth of investigation of the VTEM cannot detect
Esso at a depth of 400m. The new proposed aerial gravity survey has significantly greater depth penetration
and should be able to image the highly prospective corridor west of the Esso lens.
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Figure 2: Inclined Plan view demonstrating the alignment of the Main, Sumac and Esso deposits.
Highlighting drill in tercepts from The Esso West target located 300m west and down plunge from Esso
where the potential for new massive sulphide lens is located.
Kutcho Copper has already identified target areas of interest from a review of available technical
information, which targets will also be the focus of the planned geophysical program and include
(see figure 3):
• Target 1 – the IRJ Northwest target was first identified as a conductor in a 1990 ground -
based survey and was tested with two drill holes. The holes intersected intensely altered
and weakly copper-mineralized intervals, as well as a thick sequence of altered lapilli tuff
and ash. The size and strength of the alteration in both holes suggests a prospective target
down dip that may be defined by gravity techniques.
• Target 2 – the IRJ Northeast target has been intersected by three holes drilled in 1990 that
returned massive to semi-massive sulphide layers up to 1m thick that are associated with
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argillaceous material. Hole E017 returned ~3m of a stringer zone with an average of 20%
pyrite that includes some massive bands, which assayed 7.3m of 0.27% Cu. The
geochemical trends suggest that a hydrothermal vent area lies further east and exploration
should focus on this area.
• Target 3 – This target is a significant VMS -type showing located on the flank of a felsic
dome. A prospect pit was excavated and reached “mineralize d bedrock” at a depth of 1.6
m, returning assays of 0.3% Cu, 0.1% Pb, 0.1% Zn and 7g/t Ag. Soil sampling defined a
400m x 500m cluster of strong Cu -Zn anomalies that are coincident with a strong, linear,
chargeability anomaly. A Cu -Zn soil anomaly containi ng up to 0.15% Zn and 0.03% Cu
occurs on the southwestern flank of the same rhyolite flow/dome complex that has not been
drill tested either.
• Target 4 – B-C East is a 3.5km long conductor inferred to be overlain by 30m of silica
exhalite. Host rocks compr ise a narrow band of sericite schist with narrow lenses of
massive pyrite and silica exhalite hosted in mafic rocks. Gravity surveys produced a broad
and shallow response that suggests a diffuse zone of increased density that could indicate
disseminated or stringer-style sulphide mineralization commonly associated with VMS
deposits.
• Target 5 – The I-PC area is associated with cherts hosted in crystal lithic tuffs and is
interpreted as a hydrothermal exhalative horizon. E024 and 90K16 are proximal drill holes
which intersected alteration in lithic tuffs and massive to laminated pyrite with minor
disseminated sphalerite and chalcopyrite, potentially indicating proximity to a productive
VMS environment. This tuff unit occurs upstream from numerous rounded boul ders of
finely banded, sphalerite- and galena-bearing chert and exhalate, suggesting potential for a
nearby sub-cropping VMS system.
• Target 6 - Esso West: The Esso West expansion target is represented by a geophysical
anomaly extending 1,500m westward fro m the Esso deposit, with approximately only
150m (10%) of the anomaly being drill tested. This drilling returned several mineralized
intercepts including 7.2m of 2.0% Cu, 5.2% Zn and 17g/t Ag in hole E094B3 (estimated
true thickness of 6.12m), which lies 300m west of the Esso deposit. The 300m of
prospective Kutcho horizon between hole E094B3 and the Esso deposit is untested by
drilling, as is the further 1,000 m of prospective Kutcho horizon to the west of hole
E094B3.
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Figure 3: Kutcho Project geology delineating regional targets 1 – 6 defined from a compilation of
historic work
Qualified Persons
The technical or scientific information in this press release has been reviewed and approved by
Andrew Sharp, P.Eng BC, FAusIMM, Chief Operating Officer for Kutcho Copper, who serves as
a qualified person under the definition of National Instrument 43-101.
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About Kutcho Copper
Kutcho Copper Corp is a Canadian resource development company focused on expanding and
developing the Kutcho hi gh grade copper-zinc project in northern British Columbia. Committed
to social responsibility and the highest environmental standards, the Company recently completed
a feasibility study on the Kutcho project and is advancing permitting with the objective of getting
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 “plans”, “believes”, “estimates”,
“potential”, “indicates”, and similar expressions, or that events or conditions “will”, “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 un certainties include, but are not limited to : the timing, results and implications of the planned
exploration programs, whether or not new deposits will be identified and, if so, whether such deposits will be
permittable and economically feasible, 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 the Kutcho Project, to repay its debt and for general wor king 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 minera l resource and
reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill
and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the
Company’s plans and business objectives for the projects; the general ability of the Company 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 e nvironmental 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 the Company’s
management on the date the statements are made. Except as required by law, the Company undertakes no obligation
to update these forward -looking statements in the event that management’s beliefs, estimates or opinions , or other
factors, should change.
This news release includes historical information that has been reviewed by the Company’s geological team and
qualified person. The Company’s review of the historical records and information reasonably substantiate the validity
of the information presented in this news release; however, the Company cannot directly verify the accuracy of the
historical data, including the procedures used for sample collection and analysis. There is insufficient exploration on
these prospects to define a mineral resource. It is uncertain if after additional exploration a mineral resource will be
delineated. Therefore, the Company encourages investors to exercise appropriate caution when evaluating these
results.