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Coast Copper Signs MOU with five other Companies to Study Viability of Hub and Spoke Mill Complex at a Permitted Site at Kitsault, BC
Coast Copper Signs MOU with five other Companies to Study Viability of Hub and Spoke Mill Complex...
About this update from Coast Copper Corp
[{"type":"text","content":"\n \n \n \n Coast Copper Signs MOU with five other Companies to Study Viability of Hub and Spoke Mill Complex at a Permitted Site at Kitsault, BC\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX. V: COCO\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 21, 2023\n \n \n /CNW/ -\n \n Coast Copper Corp. (\"Coast Copper\"\n \n or the\n \n \"Company\")\n \n (TSXV: COCO) is pleased to announce that it has signed a Memorandum of Understanding (\"\n \n MOU\n \n \") with BWCG Holdings Ltd., Blackwolf Copper & Gold Ltd. (TSXV: BWCG), Dolly Varden Silver Corp. (TSXV: DV) (OTC: DOLLF), New Moly LLC. and Goliath Resources Ltd. (TSXV: GOT) (OTCQB: GOTRF) (Frankfurt: B41F) (collectively, the \"\n \n Companies\n \n \"), to jointly study the viability of using New Moly LLC's Kitsault project (\"\n \n Kitsault\n \n \" or the \"\n \n Project\n \n \") as the potential site for a centralized polymetallic processing facility that could accept mineralized material from the Companies' respective deposits (\"\n \n Kitsault Polymetallic Mill\n \n \"), working as a hub and spoke mill.\n \n \n \n MOU\n \n \n \n The proposed site at Kitsault previously hosted a molybdenum mine. Within the past decade, Kitsault received Canadian Federal and Provincial Permits and given the buoyant molybdenum market, New Moly LLC is now considering funding requirements to restart a larger scale project. The Project is in northern\n \n British Columbia\n \n , approximately 140 kilometers north of\n \n Prince Rupert\n \n . The Project is located on the BC Hydro grid, has road access to the Nass Valley as well as tidewater access. The Kitsault Polymetallic Mill concept may assist to enhance and de-risk the potential restart of Kitsault.\n \n \n The Companies have engaged Fuse Advisors Inc. (\"\n \n Fuse Advisors\n \n \") to complete an initial assessment of the technical viability of the Kitsault Polymetallic Mill concept. By reviewing the respective metallurgical test work completed at the various deposits, Fuse Advisors will asses...