{"id":1118033,"date":"2019-05-27T21:33:25","date_gmt":"2019-05-27T21:33:25","guid":{"rendered":"http:\/\/www.mining.com\/?p=989551"},"modified":"2019-05-27T21:33:25","modified_gmt":"2019-05-27T21:33:25","slug":"kutcho-copper-to-raise-c2m-for-bc-project","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1118033","title":{"rendered":"Kutcho Copper to raise C$2m for BC project"},"content":{"rendered":"<p>Kutcho Copper Corp. (TSXV: KC) plans to raise C$2 million through a <a href=\"https:\/\/www.kutcho.ca\/investors\/news-releases\/2019\/kutcho-copper-announces-2-million-private-placement\/\"  rel=\"noopener\">private placement<\/a> of 10 million units (each consisting of one share and one warrant). Shares of the company were up nearly 3% following the announcement of funding. Its current market capitalization sits at approximately C$11.3 million.<\/p>\n<p>The Vancouver-based miner intends to use the proceeds for its Kutcho copper-zinc project, located in the Liard mining division of northern British Columbia. It consists of one mining lease and 46 mineral exploration claims covering an area of about 17,060 hectares.<\/p>\n<p>Kutcho is a high-grade copper development project that has low upfront capital costs, low operating costs and significant upside potential, says the company.<\/p>\n<p>According to a prefeasibility study released in 2017, Kutcho has an estimated 12-year mine life with 2,500 tpd production rate &#8211; for a total life-of-mine payable production of 378 million lbs copper and 473 million lbs zinc.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/kutcho-copper-raise-c2m-bc-project\/\">Kutcho Copper to raise C$2m for BC project<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Vancouver-based miner intends to use the proceeds for its Kutcho copper-zinc project in northern BC.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/kutcho-copper-raise-c2m-bc-project\/\">Kutcho Copper to raise C$2m for BC project<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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