VANCOUVER, British Columbia, April 24, 2018 (GLOBE NEWSWIRE) — Kutcho Copper Corp. (TSXV:KC) (OTC:KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce it has chosen Ausenco Engineering Canada Inc. (“Ausenco”) to lead the preparation of a feasibility study for the high grade Kutcho copper-zinc project. Ausenco will be supported by a team of geotechnical, environmental, metallurgical, resource, mining and hydrology/hydrogeological consultants.
Vince Sorace, President & CEO stated, “With the field season fast approaching, the Company has worked closely with Ausenco to assemble a team of mining & geotechnical engineering firms, environmental baseline experts and hydrology/hydrogeological experts that will deliver an optimized feasibility study for the Kutcho project. We are happy to be working with Ausenco who recently completed the construction of Atlantic Gold’s Moose River Project on time and on budget.”
Under the engineering lead of Ausenco, the feasibility study team consists of: Sim Geological Inc. for resource modeling, Holland & Holland for metallurgical engineering and process design, Terrane Geoscience Inc. for geotechnical engineering, SRK Consulting for open pit and underground mine design, ERM Consultants Canada Inc./Rescan Tahltan Environmental Consultants for environmental baseline studies and permitting, Lorax Environmental for hydrology and hydrogeological modeling and OnSite Engineering Inc. for road design and engineering.
Simon Cmrlec, President, Americas Ausenco stated, “We are thrilled to be leading the feasibility study on this exciting high grade copper-zinc project with Kutcho Copper Corp. We look forward to optimizing the value of the project and delivering the feasibility study by summer 2019, on time and on budget.”
Ausenco is a global diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions to the resources, energy and infrastructure sectors. Ausenco’s experience in copper-zinc projects ranges from conceptual, pre-feasibility and feasibility studies for new project developments to project execution with EPCM and EPC delivery. Ausenco is currently engaged on a number of global projects with similar characteristics and opportunities to the Kutcho Copper Project.
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
President & CEO, Kutcho Copper Corp.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration, and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.