Kutcho Copper / Zinc / Silver / Gold Project

The Kutcho Project is a high grade copper-zinc-gold-silver underground mine proposal in the advanced development stage. The Project is located approximately 100 km east of the community of Dease Lake and 330 km north of Terrace and Smithers. The project is anticipated to create an estimated 300 positions during construction and up to 230 jobs during operations.

About This Project

The Kutcho Project is owned by Kutcho Copper Corp., a wholly-owned subsidiary of Capstone Mining Corp. The Kutcho Project is a proposed high grade copper-zinc-gold-silver underground mine development, located approximately 100 km east of the community of Dease Lake and 330 km north of Smithers in northern British Columbia. The Prefeasibility Study (PFS) released in February 2011 reports the Kutcho Project contains a mineral reserve estimate of 10.4 million tonnes with an average grade of 2.01% copper and 3.19% zinc. The PFS indicated an expected mine life of 12 years with an average throughput of 2,500 tonnes per day producing separate copper and zinc concentrates. The project is anticipated to create an estimated 300 positions during construction and up to 230 jobs during operations.


Project Status

Estimate Investment
The Kutcho Project was estimated during the 2011 PFS to require an initial capital investment of C$187.3 million. Although a formal update of the PFS has not yet been completed, recent work continues to indicate that capital costs should be expected to i

Estimated Project Start Date
The Kutcho Project is currently in the pre-application stage of the British Columbia environmental assessment process and is being advanced towards a production decision. In the third quarter of 2013, work is ongoing to refine the project concept to evaluate engineering design alternatives to address technical developments and stakeholder consultation comments and to update project economic expect

Contacts

Proponent Contact

Cindy Burnett
Vice President, Investor Relations
Capstone Mining Corp.
Tel: 604-684-8894

Economic Development Contact

Nelson Silveira
Economic Development Officer
Regional District of Kitimat-Stikine
Tel: 250-615-6100


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