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Lion Copper and Gold Announces Commencement of the Yerington Copper Project Pre-Feasibility Study and Drilling Operations
Yerington, Nevada and Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Lion Copp...
About this update from Lion Copper And Gold Corp
[{"type":"text","content":"Lion Copper and Gold Announces Commencement of the Yerington Copper Project Pre-Feasibility Study and Drilling OperationsYerington, Nevada and Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Lion Copper and Gold Corp. (TSXV: LEO) (OTCQB: LCGMF) (\"Lion CG\", the \"Company\") is pleased to announce the commencement of the Stage 2b and Stage 3 Advance Programs of Work in accordance with the agreement between the Company and Nuton LLC (\"Nuton\"), a wholly-owned subsidiary of Rio Tinto (see news releases dated March 21, 2022 and October 20, 2023). Total funding of US$11,500,000 will advance the flagship Yerington Copper Project through completion of a Pre-Feasibility Study (\"PFS\") and progress permitting and Bear exploration initiatives.\"We are thrilled to commence this fully-funded next phase of advancement at our flagship Yerington Copper Project,\" states Travis Naugle, Co-Chairman & CEO of Lion CG. \"The Pre-Feasibility Study will systematically derisk key parameters as we hone in on optimal economics using Nuton technologies, while we continue advancing project permitting and Bear exploration initiatives in parallel. Together with Nuton, this sets the stage for the Company to emerge in a clear leadership position among U.S. copper development plays.\"Key components of the fully-funded Stage 2b Program of Work include:Drilling: PFS Program - Phase 1 Yerington Pit - approximately 3,000 ft of core drilling Seeking to upgrade the mineral resource along the margin of, and beneath, the Yerington PitPit slope stability evaluationSulfide metallurgical testingGeochemical characterizationMacArthur - approximately 4,900 ft of rotary drillingSeeking to upgrade the mineral resource within the MacArthur mineral resource domain as represented in the Preliminary Economic Assessment (see news release dated January 30, 2024)Drilling: PFS Program - Phase 2Resource upgrade - barge-mounted drilling within the Yerington Pit Resource upgrade - W-3 and VLT legacy materialsCondemnation drillingYerington Copper Project Pre-Feasibility StudyOngoing heap leach metallurgical optimization and testingTrade-off analyses: Yerington Pit dewatering, materials movement and logistics, site infrastructurePermitting, water rights, stakeholder engagementAdditionally, a US$1,500,000 Stage 3 Advance will fund continued exploration at the B...