Copper Fox: North of 60 Mining and Exploration Review 2016

A recent article in North of 60 Mining highlights Copper North Mining Corp. (TSXV:COL) and their flagship Carmacks project located in the Yukon.
As quoted from the article:

Copper North’s flagship project, Carmacks project, is located approximately 30 kilometres off the Klondike Highway at Carmacks, Yukon. The Carmacks copper-goldsilver deposit is in the southern portion of an evolving copper-gold district that extends to the northwest to the Dawson gold fields.
A review of the project in March 2014 indicated that the project needed to overcome several hurdles: expansion of mineral resources, reduction of capex and opex costs, and recovery of gold and silver to increase revenues. The previous feasibility study completed in 2012, consisted of mining the oxide copper-gold-silver resources, crushing of the ore and placement on a large leach pad, followed by sprinkling of sulphuric acid to leach the copper, collection of the copper laden (pregnant solution) liquid to strip out the copper by electrolysis to make cathode copper sheets. The operation of heap leach pads in winter conditions and closure of the leach pads provides engineering challenges.
The key to the re-engineering was the recovery of gold and silver, increasing operating revenues, and reducing operational risk. To evaluate the economics the company undertook a Preliminary Economic Assessment (PEA) to provide some insight as to the impacts of gold and silver recovery in improving project economics. The results were encouraging as the PEA indicated that a modified heap leach copper and gold-silver plan would provide an approximate 40 per cent increase in gross mine revenues and a reduction in the cost of producing copper from US$1.65/lb copper to approximately US$1.07/lb copper after deducting gold and silver credits.
Copper North management are pleased that they have been able to refinance and re-engineer the project. We have raised approximately $5 million during the past 18 months for funding our steps forward. The financing required 11 financings with widespread search of funds. We have been lucky and rewarded for our perseverance. I encourage other junior companies to not give up and fight to move forward. Despite the long period of difficult markets we remain confident that there are opportunities going forward. With the optimism, that is key to explorers and developers, Copper North acquired a large land position adjacent to the dormant Kemess Mine in northwest British Columbia. Perhaps Copper North can also make their magic on the Thor property.

Connect with Copper North Mining Corp. (TSXV:COL) to receive an Investor Presentation.