Kutcho Copper Reports on Feasibility Study Progress
Kutcho Copper Corp. | 717 – 1030 West Georgia Street | Vancouver, British Columbia | Canada | V6E 2Y3
Telephone: (604) 628-5623 | www.kutcho.ca
Kutcho Copper Reports on Feasibility Study Progress
Vancouver, B. C., March 31, 2021. Kutcho Copper Corp. (TSXV: KC, OTC: KCCFF ) (“Kutcho
Copper” or the “Company”) is pleased to provide a progress update regarding the feasibility study being
led by CSA Global Consultants Canada Ltd. (“CSA Global”, an ERM Group Company) on the high grade
Kutcho Copper - Zinc Project, which is on target for completion mid-year 2021.
“As an underground mining scenario is being thoroughly developed in support of the current feasibility
study, options for a combination of alternative mining methodologies for the various deposits are also being
evaluated to develop a project that is optimal in terms of economic returns and environmental outcomes
and that is sensitive to commun ity objectives,” said Vince Sorace, President & CEO of Kutcho Copper
Corp. “We look forward to the results of this optimization of development strategies and to potentially
expanding the benefits of the Kutcho project.”
Items substantially completed to date include:
The underground mine access and development have been designed on the basis of an updated
geological model, resource estimation and structural features. The underground mine design has
been through a number of iterations as a function of stope and geotechnical parameters. Production
throughput has been adequately and realistically defined by the constraints imposed by stope
sequencing and ore release based on an efficient and cost effective longitudinal long hole stoping
mining methodology.
The mine plan utilizes block selection on an NSR basis that recognises not only historical pricing
and cost relationships but considers the significant changes in the copper and zinc markets since
the publication of the 2017 pre-feasibility study (“2017 PFS”).
Extensive confirmatory metallurgical testwork was completed at the beginning of the year , based
on the revised metallurgical process and results derived and reported by the Company throughout
2020. The results confirmed the process and reagent scheme previously reported and is expected
to provide enhanced metal recoveries compared with the 2017 PFS.
The surface infrastructure for the underground mine has been designed to provide a more compact
footprint and eliminate any encroachment on creeks with sensitive fish habitats in order to facilitate
an environmentally sound project and enhance permitting timelines. The T ailings Management
Facility, which is in the final stages of design, will reflect a construction methodology that ensures
stability and safety throughout the facility’s life and minimises long term post-closure impacts.
On-site power generation using LNG generator sets is still considered the most economical power
supply option.
The access road alignment and construction methodology are essentially the same as that set out in
the 2017 PFS. Due consideration has been given to optimising bridge construction. Construction
scheduling to facilitate early and timeous equipment delivery for project construction is an integral
part of the design process.
Kutcho Copper Corp.
-2-
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 i nformation contained in this news release. Mr. Kutluoglu is the
Company’s Exploration Manager.
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 “expect s”, “plans”, “anticipates”,
“believes”, “intends”, “estimates”, “projects”, “potential” , “indicates”, “opportunity”, “possible” 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
the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in
economic conditions or financial markets; the inherent hazards associa tes 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 potential for new discoveries, the potential to convert inferred r esources to
indicated or measured resources, the potential to optimize the mine plan, 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 i mpact 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 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 ev ent that
management’s beliefs, estimates or opinions, or other factors, should change.