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Kutcho Copper Corp. (KC.V)

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Previous Close0.6000
Open0.6200
Bid0.5800 x 0
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Day's Range0.6200 - 0.6200
52 Week Range0.0500 - 0.8200
Volume1,101
Avg. Volume194,179
Market Cap49.134M
Beta (5Y Monthly)2.69
PE Ratio (TTM)N/A
EPS (TTM)-0.0620
Earnings DateN/A
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  • Kutcho Copper Reports Updated Mineral Resources of 18.6 MT of Measured & Indicated at 2.58% CuEq1 and 13.2 MT of Inferred at 1.59% CuEq1; Outlines Near Resource Expansion Drill Targets
    GlobeNewswire

    Kutcho Copper Reports Updated Mineral Resources of 18.6 MT of Measured & Indicated at 2.58% CuEq1 and 13.2 MT of Inferred at 1.59% CuEq1; Outlines Near Resource Expansion Drill Targets

    Figure 1 Isometric View Looking Southwest showing the distribution of drilling and mineral resources by category. VANCOUVER, British Columbia, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC, OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to provide an updated mineral resource estimate that is currently being utilized in its Feasibility Study on its 100% owned Kutcho high grade copper-zinc project located in British Columbia (“Kutcho Project”). The mineral resource estimate was prepared under the direction of Robert Sim, P.Geo, of SIM Geological Inc. (SGI). “We are pleased to announce an updated mineral resource estimate for the Kutcho Project that incorporates the substantial work completed over the past few years, and most notably since the previous resource estimate, incorporating the improved metallurgical recoveries achieved in 2020. The updated estimate of mineral resources includes an 8% increase in Measured and Indicated tonnes and a 24% increase in Inferred tonnes compared to the 2019 resource estimate (see Company’s press release dated March 4, 2019). This updated mineral resource is currently being used as the foundation for the Feasibility Study, which remains on track to be completed this June. In addition, there remains significant exploration potential between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project.,” stated Vince Sorace, President & CEO of Kutcho Copper. Kutcho Project - Estimate of Mineral Resources ClassTonnes(000)CuEq1(%)Cu(%)Zn(%)Au(g/t)Ag(g/t)Pb(%)Main DepositMeasured6,0912.571.872.690.4728.20.04Indicated9,8892.101.552.010.3928.10.06Measured + Indicated15,9802.281.672.270.4228.10.05Inferred2,3851.781.191.910.4827.50.06Esso DepositIndicated2,6044.422.404.480.7861.40.07Inferred1,6402.131.311.580.4135.60.01Sumac DepositInferred9,2191.441.051.520.1616.10.03Combined Measured6,0912.571.872.690.4728.20.04Indicated12,4932.581.732.520.4735.10.06Measured + Indicated18,5842.581.782.580.4732.80.05Inferred13,2441.591.111.600.2520.60.03 The estimates in the table form coherent bodies that are considered amenable to underground extraction methods based on the following parameters: Metal Prices: Copper US $3.25/lb, Zinc US $1.25/lb, Gold US $1550/oz, Silver US $20.00/oz. Projected operating costs: Mining US $33.75/t, Processing US $17.91/t, G&A US $10.13/t. Process recoveries Main and Sumac: Copper 87.4%, Zinc 63.8%, Gold 36.9%, Silver 59.0%. Process recoveries Esso: Copper 94.5%, Zinc 89.3%, Gold 40.8%, Silver 71.2%.The base case cut-off grade is 1.0% CuEq for the Main and Sumac deposits based on the formula: CuEq = (Cu% x 0.874) + (Zn% x 0.245) + (Au g/t x 0.257) + (Ag g/t x 0.0053). The base case cut-off grade for Esso is 0.9%CuEq based on the formula: CuEq = (Cu% x 0.945) + (Zn% x 0.343) + (Au g/t x 0.284) + (Ag g/t x 0.0064).The effective date of the estimate of mineral resources is September 8, 2020.Mineral resources do not have demonstrated economic viability.The estimate of mineral resources was calculated based on the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions.It is reasonably expected that the majority of Inferred mineral resources could be upgraded to Indicated, or Measured, mineral resources with continued exploration.Kutcho Copper is not aware of any legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources. High Priority Near Resource Targets Four priority targets exist on the Kutcho project that are located between, below or along strike from existing mineral resources (Figure 1). These targets represent high probability drill areas that could result in significant accretive value to the Kutcho project; The Main-Sumac Gap identifies a 400 m by 380m panel between the Main and Sumac lenses that is untested by drilling. A conductive geophysical anomaly coincides with the area and is 360 m long. K003, the most eastern hole to intersect the Sumac lens and located on the western margin of the gap returned 5.12 m of 1.29% Cu, 0.49% Zn and 7 g/t Ag confirming the potential of this panel.Open Down Dip: Significant portions of all three lenses remain open down dip outside of current resources including over 36% of the strike length of the Main deposit, 50% of Esso and 100% of Sumac.The Esso-West Expansion target lies 300 m west of the high-grade Esso deposit where just 150m of a 1,500m long geophysical anomaly has been drill tested. That drilling returned several mineralized intercepts including 7.2 m of 2.0% Cu, 5.2% Zn and ~17 g/t Ag in hole E094B3. There remains 300 m of untested Kutcho horizon between hole E094B3 and Esso, along with an additional 1000 m of untested horizon to the west of hole E094B3. (off the western edge of the attached map)Footwall Zone (FWZ) lies stratigraphically beneath the Main zone and represents a stacked massive sulphide horizon that is open in all directions. The last drill hole to the east and down dip intersected 1.5 m of 3.54% Cu, 6.94% Zn, 316.9 g/t Ag and 1.47 g/t Au in hole E057. Mineral Resource Estimation Methodology The mineral resources are estimated in conformity with generally accepted CIM Estimation of Mineral Resources and Mineral Reserves Best Practices Guidelines (November 29, 2019) and are reported in accordance with NI 43-101. Drill core samples used to estimate mineral resources were collected in accordance with industry standards and were submitted to the ALS sample preparation laboratory in Whitehorse, Yukon Territory, Canada, and then transferred to ALS' laboratory in Vancouver, British Columbia, Canada for fire assay and ICP analysis. The precision and accuracy of the assays were monitored through the systematic inclusion of standards, blanks and check assays. Mineral resource estimates are generated using a total of 362 drill holes at the Main deposit, 118 drill holes at the Esso deposit, and 29 drill holes in the vicinity of the Sumac deposit. Drill holes are collared from surface and extend to depths of 700m below surface in some areas. Mineral resource estimates are derived from three-dimensional block models with nominal block sizes measuring 5 x 2.5 x 5m (LxWxH). Resource estimates are generated using drill hole sample assay results and the interpretation of geological models which relate to the spatial distribution of copper, zinc, gold and silver in the deposits. Interpolation characteristics are defined based on the geology, drill hole spacing, and geostatistical analysis of the data. The effects of potentially anomalous high-grade sample data, composited to 1 metre intervals, are controlled using both traditional top-cutting as well as limiting the distance of influence during block grade interpolation. Block grades are estimated using ordinary kriging and have been validated using a combination of visual and statistical methods to ensure they are appropriate representations of the underlying sample data. Resources in the Measured category are delineated with drill holes on a regular 25m pattern. Resources in the Indicated category are delineated with holes on a nominal 50m pattern and resources in the Inferred category occur within a maximum distance of 100m from a drill hole. The deposits form consistent zones of mineralization, above the base case cut-off grades, that are considered to exhibit reasonable prospects for eventual economic extraction using underground extraction methods. Qualified Person Robert Sim, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the estimate of mineral resources presented in this news release and has reviewed, verified and approved the contents of this news release as they relate to the mineral resource estimate, including the sampling, analytical, and test data underlying the mineral resource estimate. Mr. Sim is independent from Kutcho Copper and confirms there were no limitations from the company in verifying the drilling and sample data with site visit observations and monitoring of the QAQC program. Kutcho's additional disclosure of a technical or scientific nature in this press release has been reviewed and approved by Mr. Rory Kutluoglu, B.Sc, P.Geo., Kutcho's Exploration Manager, who serves as a Qualified Person under the definition of National Instrument 43-101. 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. Vince SoracePresident & CEO, Kutcho Copper Corp. For further information regarding Kutcho Copper Corp, please email info@kutcho.ca or visit our website at www.kutcho.ca. Cautionary Note Regarding Forward-Looking StatementsNeither 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”, “indicates”, “opportunity”, “possible” 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 potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, 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. Statements concerning mineral resource and mineral reserve estimates may also be deemed to constitute Forward-Looking Statements to the extent that they involve estimates of the mineralization that may be encountered if the Kutcho Project is developed. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/95c7845c-27e3-4893-9a2d-8bab3c329a02

  • Kutcho Copper Appoints Key Personnel
    GlobeNewswire

    Kutcho Copper Appoints Key Personnel

    VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce it has appointed Ms. Cherie Leeden to the Company’s Advisory Board and Mr. Mark Vendrig as Manager of Environment and Permitting. Cherie LeedenMs. Leeden is a proven Resources executive with two decades of experience, including 10 years at public company board level. She has led businesses in senior positions at publicly traded companies as well as developed and built several successful resource focused start-ups. Ms. Leeden is experienced in capital raising, mergers & acquisitions, and complex joint venture negotiations. She has extensive technical experience from exploration through to mine construction, across a range of commodities, and has managed projects and companies in the Americas, Africa, and Australasia while holding leadership positions with Battery Minerals, Rio Tinto, LionOre and Strike Resources. Ms. Leeden holds a Bachelor of Science in Applied Geology with Honours from the Western Australian School of Mines and is a member of the American Exploration and Mining Association, the Australian Institute of Geoscientists, Nevada Mining Association, and the Geological Society of Nevada. Ms. Leeden resides in Nevada, where she is a local Director of Hog Ranch Minerals Inc. for ASX listed Rex Minerals Ltd which is advancing a 1.4 million ounce gold project in Nevada and is CEO of Gold Bull Resources Corp (TSX-V:GBRC). Mark Vendrig M.Sc.Mr. Vendrig has been involved in the mining industry for 28 years, working hands-on at mines before taking a role at SRK Consulting, where he became a principal consultant. Mr. Vendrig specializes in delivering exploration projects into operating mines and has helped numerous mining companies take their projects through environmental assessment and permitting. In projects, he works to eliminate environmental effects through design that leads to clean and straightforward closure. In the past twelve years, he has helped deliver Copper Mountain permitting in BC, lead the assessment of Oromin’s Sabodala Project in Senegal, and managed permitting of Puregold’s Red Lake Mine in Ontario. Mr. Vendrig is experienced working within the Canadian Federal and BC provincial processes and has managed comprehensive baseline studies, assessments and permitting applications. He is a skilled communicator and has participated in numerous successful community and First Nations consultation programs. Vince Sorace, President & CEO, stated, “We are pleased to welcome both Cherie and Mark to the Kutcho team. Cherie brings extensive corporate and technical experience to Kutcho with a breadth of knowledge in the mining markets that will help enhance the Company’s access to strategic opportunities and general market awareness of the Kutcho project. Mark has tremendous experience and success within the regulatory and permitting processes, and we look forward to his guidance and direction moving Kutcho forward through the Feasibility study and ultimately the full scope of the permitting process” Sue Craig has stepped down as VP of Community and Environment due to other commitments. The Company would like to thank Sue for her efforts in helping Kutcho Copper advance its community and environmental/permitting goals over the past few years. In addition, Rory Kutluoglu will change roles from VP Exploration & Development to Exploration Manager. 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. Vince SoracePresident & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca. Cautionary Note Regarding Forward-Looking StatementsNeither 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”, “indicates”, “opportunity”, “possible” 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 potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, 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.

  • Kutcho Copper Commences Feasibility Study on its High Grade Copper-Zinc Project
    GlobeNewswire

    Kutcho Copper Commences Feasibility Study on its High Grade Copper-Zinc Project

    VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC, OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce it has begun work on a feasibility study for its high grade Kutcho copper-zinc development project located in northwestern British Columbia. CSA Global Consultants Canada Ltd. (“CSA Global”, an ERM Group company) has been chosen to lead the feasibility study and will be supported by a team of resource, geotechnical, environmental, metallurgical, processing, and mining consultants.   “With a significant amount of preliminary work already completed, and now the selection of CSA Global to lead the feasibility study, we look forward to an efficient and timely process in completing the next significant milestone in the life cycle of the Kutcho project,” stated Vince Sorace, President and CEO of Kutcho Copper. “We have recently seen an encouraging rise in the price of copper and, along with bullish sentiment for the coming years and the accelerating trend towards the electrification of everything, Kutcho is well positioned to take advantage of this anticipating completion of the feasibility study in Q2, 2021. Kutcho is a high margin, low capital project with significant upside potential; our objective in 2021 will be to continue to de-risk and advance the project towards a production decision.”Under the engineering lead of CSA Global, who will undertake the mining, hydrology and site water balance work, the feasibility study team will be supported by Mineit for mining engineering, processing and recovery, reserve estimation and financial modelling; Allnorth for process plant and infrastructure design and engineering and Piteau Associates for waste and tailings management engineering and design. Incorporated into the feasibility study team, but contracted directly to Kutcho Copper, will be SIM Geological Inc. for resource modeling and estimation, Terrane Geoscience Inc. for mining geotechnical engineering, and OnSite Engineering Inc. for main access road design and engineering.Kutcho PFS Highlights (2017)Kutcho Copper completed a Pre-Feasibility study (“PFS”) dated July 31, 2017 that demonstrated positive economics with an after-tax NPV of CAD$265 million and an IRR of 27.6%. The Company completed the acquisition of the project in December 2017 with the support of Wheaton Precious Metals, involving a staged financing package of over $100 million. The Kutcho project benefits from existing ground access, and an on-site camp and airstrip. Proximal highway access will facilitate the shipping of concentrate from the nearby port at Stewart.   Additional details can be found in the technical report on SEDAR.Significant Milestones Achieved in 2019 & 2020 to be Incorporated into the Feasibility Study Include:1) Completed an updated mineral resource estimate for the Main, Esso and Sumac deposits resulting in 17.26 Mt of measured & indicated mineral resources at 2.61% CuEq1 and 10.71MT of Inferred mineral resources at 1.67% CuEq1 (refer to Table 1 below for details). * Significant exploration potential remains between, below and along strike from the existing mineral resources, providing further upside opportunities to grow the size of the project. * The updated mineral resource incorporates the significant work and new drilling conducted by Kutcho Copper during its first year of ownership of the Project, resulting in a substantial 84% increase in inferred mineral resources compared to the 2017 resource estimate. See news release dated March 4th, 2019 and our website at www.kutcho.ca or SEDAR at www.sedar.com for the 2017 NI 43-101 Technical Report for previous mineral resource estimate details. Table 1. Kutcho Project Mineral Resources EstimateClassTonnes (000)CuEq (%)Cu (%)Zn (%)Au (g/t)Ag (g/t) Main Deposit Measured5,8312.661.922.780.4828.7 Indicated9,0032.201.622.130.4029.2 Measured + Indicated14,8342.381.742.380.4329.0 Inferred1,9021.981.312.160.4829.7 Esso Deposit Indicated2,4253.982.524.760.8164.0 Inferred1,0252.301.602.230.5241.4 Sumac Deposit Inferred7,7791.521.101.600.1716.9 Main + Esso + Sumac Combined Measured5,8312.661.922.780.4828.7 Indicated11,4282.581.812.680.4936.5 Measured + Indicated17,2592.611.852.720.4933.9 Inferred10,7061.671.181.760.2621.5 1. The estimates in the table are considered to be amenable to underground extraction methods. The base case cut-off grade is 1.2% CuEq based on the formula CuEq = (Cu% x 0.825) + (Zn% x 0.302) + (Ag g/t x 0.004) + (Au g/t x 0.262). Mineral resources are not mineral reserves because the economic viability has not been demonstrated. 2. Estimate assumes Mining (underground) US $34.00/t, Processing US $18.00/t, US G&A $10/t, copper price US $3.00/lb, zinc price US $1.25/t, gold price US $1350/oz, silver price US $17.00/oz, copper payable recovery 82.5%, zinc payable recovery 72.5%, silver payable recovery 45%, gold payable recovery 40% 3. Effective date of resource estimate February 22nd, 2019 4. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated or measured mineral resources with continued exploration. 5. Assumptions used to derive the cut-off grades in order to meet the NI43-101 requirement for mineral resource estimates to demonstrate “reasonable prospects for eventual economic extraction”. The cut-off grades to be used in the upcoming feasibility study may vary from those used to limit the mineral resources reported herein, as the inputs to that study are determined. No inference is implied in the changes to the assumptions used in the cut-off grade calculations from the prior mineral resource estimates as to what will be used in the upcoming feasibility, as those assumptions remain to be determined. 2) Additional testwork delivered improved metallurgical results including (see press release dated June 25, 2020): * Main Lens flotation recoveries improved to 87.4% copper, 63.8% zinc, 36.9% gold and 59.0% silver * Esso Lens flotation recoveries improved to 94.5% copper, 89.3% zinc, 40.8% gold and 71.2% silver * Main Lens tailings stream leaching achieved additional incremental recoveries of an estimated 8.0% copper, 32.9% gold and 20.7% silver * Esso Lens tailings stream leaching achieved additional incremental recoveries of an estimated 2.7% copper, 27.6% gold and 11.2% silver * Approximate Life of Mine (LOM) blend comprising 75% LOM feed from the Main Lens and 25% LOM feed from the Esso Lens and combining flotation and tailings leach recoveries yields 96.4% copper, 75.1% zinc, 70.4% gold and 82.9% silver3) Undertook extensive quantitative mineralogical analyses by QEMSCAN and built a geo-metallurgical model of the Main and Esso deposits. This resulted in a comprehensive understanding of the distribution of copper and zinc bearing minerals, along with other important minerals that has and should continue to help improve the metallurgical performance at the Kutcho project. 4) Initiated various trade-off studies centered on mining methods, mining costs, tailings management facility design and location, preliminary geotechnical parameters and stope sizing. These studies are ongoing and will be the foundation for completion of the upcoming Feasibility Study. 5) Submission and acceptance of the final Project Description to the British Columbia Environmental Assessment Office (BCEAO) and reception of a Section 11 Order that defines the scope of the Environmental Assessment and the Indigenous Nations that Kutcho and British Columbia will engage with through the process.  In further discussion with Indigenous Nations, Kutcho has agreed for the project to be reviewed under the new BC Environmental Assessment Act. With the passing of Bill C-69 (Canadian Impact Assessment Act) and associated threshold regulations, the Kutcho Project is not required to undertake a federal environmental assessment. 6) Signed and maintain exploration agreements with both Tahltan and Kaska (Dena) Nations as well as working collaboratively as the project progresses. 7) Completed comprehensive baseline data collection for meteorological, groundwater, and surface water (quantities and quality). About CSA Global CSA Global, an ERM Group company, is an international mining consultancy with headquarters in Perth and offices in Vancouver, Toronto, Dublin, Horsham (UK), Johannesburg, Jakarta, Brisbane, and the additional global network of ERM, which is one of the world’s largest sustainability consultancies operating in more than 40 countries and territories around the world. CSA Global’s core expertise is in geology, mineral resources, mining, geochemistry, geometallurgy and hydrogeology/hydrology with additional close associates who bring expertise in geotechnical engineering, metallurgy and process engineering. Through ERM, CSA Global brings industry leading experience and reputation in environmental and community studies and all other aspects of ESG and sustainability. CSA Global has undertaken many PEA to FS level studies globally and in 2019 was the lead consultant for BMC Minerals’ Feasibility Study on the Kudz ze Kayah polymetallic VMS project in the Yukon.Qualified Persons Robert Sim, P.Geo. Consultant to the Company and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101") has reviewed and approved the contents of this news release related to the mineral resource estimate. All samples were collected in accordance with industry standards. Splits from the drill core samples were submitted to the ALS sample preparation laboratory in Whitehorse, Yukon Territory, Canada, and then transferred to ALS' laboratory in Vancouver, British Columbia, Canada for fire assay and ICP analysis. Accuracy of results is tested through the systematic inclusion of standards, blanks and check assays. The mineral resource estimate referenced in this press release was prepared in November 2018 by Robert Sim, P.Geo., an independent Qualified Person as defined by NI 43-101.Tom Shouldice, Chief Executive Officer of Base Metallurgical Laboratories is a professional metallurgical engineer with over 20 years of experience in mineral processing.  His relevant experience includes plant operations, project management, engineering and all aspects of metallurgical testing. Tom specializes in flotation and mineralogical interpretation in relation to metallurgical response. Mr. Shouldice is a “Qualified Person” as defined in National Instrument 43-101 “Standards of Disclosure for Mineral Projects” of the Canadian Securities Administrators and has reviewed and approved metallurgical data presented in this news release.Kutcho's additional disclosure of a technical or scientific nature in this press release has been reviewed and approved by Mr. Rory Kutluoglu, B.Sc, P.Geo., who serves as a Qualified Person under the definition of National Instrument 43-101.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 advance the Kutcho Project through feasibility and permitting to a positive construction decision.Vince Sorace President & CEO, Kutcho Copper Corp.For further information regarding Kutcho Copper Corp., please email info@kutcho.ca or visit our website at www.kutcho.ca.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.