- Lion Copper and Gold Corp. (LEO) files a technical report for its MacArthur Copper Project in Nevada
- The technical report is a follow up to the results of a previous mineral resource estimate
- The company recorded a measured and indicated resource containing roughly one billion pounds of total copper
- The update increased of over 55 per cent compared to a prior estimate
- Lion Copper and Gold Corp. (LEO) is up 5.56 per cent and is trading at $0.09 per share as of 12:39 p.m. EST
Lion Copper and Gold Corp. (LEO) has filed a technical report for its MacArthur Copper Project in Nevada.
The technical report is a follow-up to the results of a mineral resource estimate done last month.
The company recorded a measured and indicated resource containing roughly one billion pounds of total copper, and an inferred resource of 466.3 million pounds of total copper.
The company updated the mineral resource estimate results with an increase of over 55 per cent compared to a prior estimate.
Travis Naugle, CEO of Lion Copper and Gold stated,
“This substantial increase to the resource is a result of our recent drilling and an improved understanding of the MacArthur mineralization.”
The mineralized envelope of the deposit was confirmed to be open to the south-southeast. Additional sulphide mineralization remains open to the north and east
“The veracity of the resource modelling approach undertaken by IMC instills confidence in these positive findings… We are intrigued by the mineralization remaining open in numerous directions and look forward to evaluating further potential resource growth in both oxide and sulphide mineralization,” said Naugle.
Lion Copper and Gold is a Canadian-based company holding properties in Montana, Nevada, and B.C.
Lion Copper and Gold Corp. (LEO) is up 5.56 per cent and is trading at $0.09 per share as of 12:39 p.m. EST.
