The Company has revealed the results of an Updated Resource Estimate for the Zonia copper-oxide deposit in Arizona, USA, which show a significant increase in copper resources. CEO Gord Neal expressed excitement about the enhanced value of the copper asset and highlighted the potential for extended mine life, increased production, and becoming a large-scale producer.
### Updated Resource Estimate
The Updated Resource Estimate includes 113.2 million short tons of Indicated Resources grading 0.303% total copper and 59.2 million short tons of Inferred Resources grading 0.254% total copper. This expansion is a result of using a higher copper price and improved modeling methods.
### Expansion and Potential
The resource estimate expansion compared to the Historical Resource Estimate, as well as a low strip ratio and pre-development revenue from re-processing of historically mined material, signify the project’s growth potential. Future operations could see increased throughput and annual production profiles.
### Zonia Norte Exploration
Beyond the current deposit, exploration potential exists in Zonia Norte where a large geochemical anomaly indicates the presence of copper-molybdenum mineralization. This area presents an opportunity for new discoveries and further resource expansion, showcasing the project’s long-term growth prospects.
### Zonia Resource Modelling
The Updated Resource Estimate underwent thorough data verification by Moose Mountain Technical Services, ensuring the accuracy and reliability of the resource data. A technical report supporting the estimate will be filed on SEDAR within 45 days of the release.
### Escalones Project
The Escalones copper project faces regulatory challenges in Chile, requiring approval for compatibility with conservation objectives. Negotiations are ongoing regarding access rights and management plans to address these issues.
### Conclusion
World Copper remains dedicated to advancing the Zonia copper project towards feasibility and production. The company aims to leverage the existing infrastructure in Arizona for timely copper cathode production. Additionally, a verification drill program and potential pre-production cash flow could accelerate project development, aligning with market demands in the rising copper market.
### Additional Insight
The increased resource estimate at Zonia signals promising growth opportunities for World Copper, positioning the company as a significant player in the copper market. The focus on exploration and development in stable, mining-friendly jurisdictions underscores the company’s commitment to sustainable mining practices and long-term success.
