Copper North Mining Corporation announced an update on current corporate activities this includes progress on the updated Feasibility Study for the Carmacks Copper Project the Company's community engagement program and successful Land Use Permit application for the Redstone Property and expansion of its investor relations activities.
Carmacks Copper Project, Yukon;
Earlier this year, Copper North reported that it had engaged M3 Engineering & Technology to prepare an updated Feasibility Study for the Carmacks Copper Project. M3 had previously prepared the National Instrument 43-101 compliant, Feasibility Study report for Carmacks in May 2007. Completion of the updated Feasibility Study remains on target for the Q3 2012.
Golder Associates Limited is finalizing the revised feasibility level design for the permanent Heap Leach Facility which will incorporate the use of inter lift liners. Further, Golder is updating the site wide water balance and water quality model, and is preparing a revised closure plan for the HLF. The revised closure plan will include an enhanced store and release cover optimized to limit water infiltration into the closed heap and a new passive treatment design.
In July, Golder completed the annual site inspection at Carmacks, a condition required by the current Quartz Mining Licence. Copper North is continuing the baseline surface water quality, hydrology and groundwater quality sampling at the Carmacks site to add an eighth consecutive open-water season to the baseline database for the site. Concurrently, the Company is preparing a revised Project Proposal for submission to the Yukon Environmental and Socio economic Assessment Board.
Redstone Property, Northwest Territories;
The Company's application for a five year Type A LUP, submitted in support of the 2012 exploration program at the Redstone Property has been approved by the Mackenzie Valley Land and Water Board. A LUP has been granted to Redbed Resources Corporation, a wholly owned subsidiary of Copper North. The LUP will enable the Company to conduct exploration activities on its Redstone Property for a period of five years from the date of grant.
Local community engagement in the Northwest Territories was initiated by the Company in early 2012, in advance of the submission of the LUP application. In the Sahtu Region, the Company has completed a Traditional Knowledge study, conducted in partnership with the Tulita Renewable Resources Council, the Fort Norman Metis Land Corporation, the Tulita Land and Financial Corporation and the Tulita District Land Corporation. In the Dehcho Region, the Company has met with board representatives of the Pehdzeh Ki First Nation Development Corporation as well as senior representatives of the Liidli Kue First Nation, Fort Simpson.
Dr Sally Eyre president & CEO of Copper North said that "I am very satisfied with our progress as we continue to systematically advance Carmacks and Redstone. Efficient processing of the Redstone LUP application has enabled us to successfully execute our 2012 exploration program and as a result, we are able to start planning field activities for 2013 at Carmacks, we remain on schedule to complete the updated Feasibility Study in the third quarter which will subsequently enable us to complete and submit the revised Project Proposal to the Yukon Environmental and Socio-economic Assessment Board.”
Source - Copper North Mining
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