SEATTLE (Scrap Monster): British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) is pleased to announce that the White Pine Copper, LLC, its joint venture with Kinterra Copper USA, LLC (“Kinterra”)., has initiated a drilling program at the White Pine North Project (the “Project”) in Ontonagon County, Michigan.
The winter drilling program initiated mid-January intends to obtain material for additional metallurgical and geotechnical test work programs. The drilling program, which will run through Q2 2024, focuses on data collection to advance project development. The intent is to complete ten drill holes, three PQ and seven HQ sized, for a total of approximately 6,460 metres. Downhole geotechnical imaging is planned for all drillholes to support mine design engineering. The successful completion of the program will be dependent on weather conditions over the course of the upcoming months.
The initiation of this drilling program demonstrates the joint venture’s commitment to advancing the White Pine North Project, while at the same time progressing permitting and engineering studies. The forthcoming testing will contribute to further refining the economic results obtained in the 2023 Preliminary Economic Assessment. White Pine Copper, LLC. has also recently hired a senior environmental representative that will manage environmental compliance requirements, future environmental baseline work, and permitting activities. Operating responsibly in Michigan remains a key focus of Highland.
“We are very excited with the focus that our joint venture partner, Kinterra, is putting on White Pine North. Kinterra has assembled a strong project leadership team to take charge of development of the Project and is proactively moving it forward. We created the joint venture on White Pine North to draw on Kinterra’s expertise in permitting and technical studies, in addition to their strong balance sheet. This has allowed Highland’s management to focus its time and capital on progressing the fully permitted, 100% owned, Copperwood Project, building value at both assets simultaneously,” stated Barry O’Shea, Interim CEO of Highland Copper.
Courtesy: www.marketscreener.com
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