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Highland Copper Provides Michigan Projects Update; Copperwood Feasibility Study Expected in Q2 2018
LONGUEUIL, Quebec, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSX-V:HI) (the “Company”) is pleased to provide an update on the feasibility
About this update from Highland Copper Co., Inc.
[{"type":"text","content":"LONGUEUIL, Quebec, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSX-V:HI) (the “Company”) is pleased to provide an update on the feasibility study currently underway on the Copperwood Project located in the Upper Peninsula, Michigan, USA, as well as on the most recent activities of the Company around the White Pine North project and the UPX Minerals exploration property. The feasibility study, which is expected to be released in the second quarter of 2018, will incorporate an updated resource estimate and will be designed to consider a mining and processing capacity of 6,000 metric tonnes per day. The management team being put in place strongly believes in a “hands-on” approach and is reviewing multiple alternative scenarios and best use of new technologies to optimise the overall capital requirement while ensuring good productivity and reliability during Copperwood’s estimated twelve to fifteen years of operation. The Company’s primary objective is to complete the necessary permitting and financing for the development of the Copperwood Project in the first half of 2018, with construction planned to begin in the second half of 2018. Copperwood Project Feasibility Study In May 2017, the Company engaged G Mining Services Inc. (“G Mining”) as lead consultant for the preparation of an update to the feasibility study (“FS Update”) on the Copperwood Project. In their lead role, G Mining will use the results of the 2017 drilling program to update the current resource estimate reported in the NI 43-101 technical report generated in 2015. This new resource estimate is expected to be available later in October. G Mining will also be responsible for the development of the mining plan using a mine throughput of 6,000 tonnes per day, and a room-and-pillar mining method as the base case. Alternative mining scenarios will also be evaluated. Mine design will be carried out by G Mining with geotechnical support from Golder Associates, using results from additional geotechnical holes drilled on all mineralized zones earlier this year. Design of the processing facility is being completed by Lycopodium Minerals Canada, of Toronto, an engineering firm well-known for its skills at designing compact and efficient processing plants. Design of the tailings dam and water management systems is being done by Golder Associates, who...