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Copernic Project

The Copernic project was offered to Upstream Mining S.A.C. by Quippu Exploraciones S.A.C. for creating a joint venture. The JV Coppernico Exploraciones S.A.C. was created on March 31, 2010 for geological exploration of potentially economic copper occurrences in the concession territories owned by both companies and the subsequent development of the projects to prefeasibility and feasibility stages.
2014–2015 Season:

 

Drilling activities continues thru 2014-2015 season. Remote site was established to support local operations. We collect perfect ore samples and forward it for analysis and reporting.

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2009–2010 Prospecting results:
 
Download "Copernic project: Report on the Prospecting work. Stages I, II. 2011" here

 

  • outlook for the future of the Copernic project has been specified substantially and its reliability increased;

  • the Western site became more promising, and the contours of forecasted economic mineralization therein became more specific;

  • new geophysical data give grounds to expect shallow-seated sulfide mineralization in the Western site and its extension in the northern and northeastern directions;

  • showings of visible oxidized and sulfide copper mineralization are traced northward and northeastward beyond the concession areas belonging to the JV Copernic Exploraciones S.A.C.;

  • the distinct, highly contrasting Cu and Mo geochemical anomalies likely correspond to extensive zones of economic mineralization;

  • new evidence for occurrence of primary sulfide porphyry copper–molybdenum ore at a depth substantially increases ore resource potential of the Copernic ore field;

  • first of all, economic mineralization should be expected in the Western site, where economic Cu (0.1–1.0%) and Mo (0.01–0.1%) were detected;

  • Mo resource potential of the Copernic ore field remains vaguely estimated, however, promise for economic Cu-Mo mineralization is rather high;

  • speculative copper resources of the Copernic ore field have been estimated;

  • it seems realistic that 80–85% recovery of copper from oxidized ore can be achieved;

  • the main parameters of inferred orebodies in the Copernic ore field are comparable  with those of medium and large porphyry copper deposits currently explored in Peru by other companies;

  • the estimated copper resources of the Copernic ore field fits a small- or medium-sized deposit;

  • the forecasted deposit will be suitable for open-pit mining with expected stripping ratio of 0.5 for oxidized copper ore and subsequent vat- or heap-leaching and SX/EW copper recovery;

  • the infrastructure of the territory, where the deposit is situated, is favorable for geological exploration, development, and mining.

  • IN SUMMARY, the Copernic project is a promising object for further geological exploration.

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