Business
World Copper Updates & Expands Resource Estimate for the Zonia Copper Oxide Deposit, Arizona
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - World Copper Ltd. (TSXV: WCU)...
About this update from World Copper Ltd
[{"type":"text","content":"World Copper Updates & Expands Resource Estimate for the Zonia Copper Oxide Deposit, ArizonaVancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (\"World Copper\" or the \"Company\") announces the results of an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA (\"Zonia\" or the \"Project\"). The updated mineral resource estimate includes 75.7 million short tons grading 0.30% total-copper (Indicated Resources) containing 450.5 million pounds of copper and 122.0 million short tons grading 0.24% total-copper (Inferred Resources) containing 575.4 million pounds of copper (the \"Updated Resource Estimate\"), which is a significant expansion of the Historical Resource Estimate (as defined below).CEO Nolan Peterson states: \"The Updated Resource Estimate for Zonia is a critical first milestone since World Copper's acquisition of the project, representing our best understanding of the resource as it is, and an expansion over past resources. As we advance the project on the engineering front, we will simultaneously aim to expand the resource even further by targeting the high potential Zonia Norte target northeast of the main resource deposit. Zonia is a key component of our development portfolio, and we look forward to continued positive developments at the site.\"Highlights:Updated Resource Estimate with: Indicated Resources of 75.7 million short tons grading 0.30% total-copper containing 450.5 million pounds of copper; andInferred Resources of 122.0 million short tons grading 0.24% total-copper containing 575.4 million pounds of copper.Low strip ratio of 0.8:1 waste to mineralized material in base case mineral resource estimate.Significant expansion of the Zonia resource estimate compared to the Historical Resource Estimate.Zonia Norte confirmed as next exploration target at the Project.The classified resources are outlined in detail in Table 1 at the base case total-copper cut-off grade of 0.125 - 0.130% and at a range of total-copper cut-off grades in Table 2. Figure 1 is a 3D view looking north, showing resource blocks at various copper grades that are constrained within the optimized pit shell.The Updated Resource Estimate was completed by Richard A. Schwering P.G., SME-RM, of Hard Rock Consulting, LLC of Lakewood, Colorado (\"HRC\"), an...