All Eyes on Copper as 'Incredibly Bullish' Investment Opportunities Arise - Seite 2
With that, copper companies are racing to provide supply. For example, District Copper Corporation offers investors an intriguing opportunity with its Eaglehead project. Located in northwest British Columbia, a preliminary estimate performed in 2012 showed an inferred resource containing 102.5 million tons of copper. However, analysts believe it could be substantially larger than that figure.
Even Nevada Copper for example is ramping up production with its Pumpkin Hollow project that could produce 60 million pounds of copper in its first five years of operations.
District Copper Corporation: Leading the Charge
Sitting in a proven mineral district, District Copper's Eaglehead property is one of the most advanced, district-scale discoveries in northwestern British Columbia, hosting an NI 43-101 Inferred Mineral Resource estimated to total 102.5 million tonnes at an average grade of 0.29% copper, 0.010% Molybdenum and 0.08 g/t gold.
The region is also home to infrastructure, including road access, electrical power and accessible seaport facilities that make the project even more valuable.
Recent work has "considerably advanced our understanding and demonstrates the potential of the Eaglehead project to host a large, polymetallic porphyry copper deposit. The presence of a large, relatively untested porphyry system combined with the two recently identified exploration targets expands the exploration target and supports our interpretation of the project's potential. The next step for District Copper is to prepare an exploration program designed to significantly advance the project in 2018," noted Jevin Werbes, President of District Copper Corporation.
With increased demand in a "green revolution, " the environment for copper mining is favorable for the foreseeable future. Any company, such as District Copper Corporation, which can show it has copper resource, could quickly attract the attention of both investors and larger copper producing companies.
Active miners in the Copper industry and other mining developments of note include:
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Southern Copper Corporation (NYSE:SCCO) - Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes.