North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

Wheaton advances Kutcho feasibility funds

 

Kutcho Copper Corp.

The Kutcho Copper mine project in northwestern British Columbia hosts a high-grades volcanogenic massive sulfide system with 10.4 million metric tons of proven and probable reserves averaging 2.01 percent copper, 3.19 percent zinc, 34.61 grams per metric ton silver and 0.37 g/t gold.

Kutcho Copper Corp. April 4 said it has received a US$3.5 million advanced payment from Wheaton Precious Metals Corp., the first payment of US$7 million under an August 2017 precious metals purchase agreement between Kutcho and Wheaton.

Under this agreement Wheaton will pay Kutcho US$65 million for up to 100 percent of the payable silver and gold production from the Kutcho copper-zinc-silver-go...



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