Idaho Copper Corp. signs agreements to commence ore sorting program and update its PEA

Boise, Idaho, April 03, 2024 (GLOBE NEWSWIRE) -- Idaho Copper Corporation (OTC:COPR), (“ICC” or the “Company”), a U.S. based company focused the exploration and development of its copper-molybdenum-silver deposit in Idaho, known as “the CuMo” project, announces that it has recently hired three world-class mining consulting and engineering firms to commence comprehensive core scanning and ore sorting programs designed to result in an updated preliminary economic assessment (“PEA”).

ICC has recently signed agreements with three companies, including: MineSense (www.minesense.com) in Vancouver, BC Canada for bucket-level ore sorting testing, Veracio (www.veracio.com) from Salt Lake City, Utah for core scanning, and SGS Bateman of Tucson, Arizona (www.sgs.com) to complete metallurgical testing and to be the lead author on the PEA report update.

“We are pleased to continue technical work for the CuMo project, and our goal is to have updated results to share with the public within 6 to 9 months of commencing this work,” commented Steven Rudofsky, Chief Executive Officer of Idaho Copper Corporation.

“Ore-sorting, which separates mined waste from ore, has changed rapidly over the last decade, and is a proven technology in use at numerous large mines globally. ICC anticipates that the application and testing of the MineSense bucket level technology for material from the CuMo project will produce enhanced waste separation and allow the company to design a much smaller concentrator at a greatly reduced initial capital cost and operating cost, compared to the numbers released in our last PEA in May of 2020,” said Andrew Brodkey, Chief Operating Officer of Idaho Copper Corporation. “I should also note that prices for all of our major metals (copper, molybdenum and silver) were approximately 30% lower in 2020 and we will be able to incorporate today’s prices into the updated PEA valuation.”

About Idaho Copper Corporation

Idaho Copper Corporation is a mineral exploration and development company focused on exploring and developing a massive copper-molybdenum-silver deposit in Idaho (United States), (“the CuMo” project). The CuMo project currently consists of one hundred and twenty-six (126) federal unpatented lode mining claims, and six (6) patented mining claims. In total, the project comprises approximately 2,640 acres. The unpatented lode mining claims and patented claims are situated in an unorganized mining district in Boise County, Idaho.