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Evaluating Airborne Georadiotomography (aGRT) for Potential Copper and Uncommon Earth Focusing on
Gunnison Copper Corp. (TSX: GCU,OTC:GCUMF) (OTCQB: GCUMF) (FSE: 3XS0) (“Gunnison” or the “Firm”) is happy to announce that it has entered right into a non-binding Letter of Intent (“LOI”) with Lunasonde Inc. (“Lunasonde”), a U.S.-based protection know-how start-up specializing in airborne based mostly subsurface imaging.
Beneath the LOI, Gunnison will present entry to its district-scale land bundle in southeastern Arizona, permitting Lunasonde to check and refine its superior experimental distant sensing know-how. The objective is to speed up the identification of recent copper, different important minerals, and uncommon earth component targets throughout the Firm’s Cochise Mining District property.
“Geology like that of the Cochise Mining District has been identified to host not less than 12 of the Vital Minerals so essential to the US provide chain, but most of this geology lies, un-explored, beneath thick alluvial cowl. We’re delighted to discover this partnership with Lunasonde who’s know-how has the potential to see by this cowl and make new discoveries,” said Stephen Twyerould, President & Chief Govt Officer.
“Our partnership presents an unparalleled alternative to show how Lunasonde can speed up important mineral exploration,” says Jeremiah Pate, Lunasonde’s Founder and Chief Know-how Officer.
The events intend to use for funding of this enterprise underneath the USA Division of Power (“DOE”) ROCKS (Dependable Ore Characterization with Keystone Sensing) Program. The transaction stays topic to the negotiation and execution of definitive agreements, profitable submission and approval of the DOE funding software, and customary closing circumstances.
ABOUT GUNNISON COPPER
Gunnison Copper Corp. is a multi-asset pure-play copper developer and producer that controls the Cochise Mining District (the district), containing 12 identified deposits inside an 8 km financial radius, within the Southern Arizona Copper Belt.
Its flagship asset, the Gunnison Copper Mission, has a Measured and Indicated Mineral Useful resource containing over 831.6 million tons with a complete copper grade of 0.31% (Measured Mineral Useful resource of 191.3 million tons at 0.37% and Indicated Mineral Useful resource of 640.2 million tons at 0.29%), and a preliminary financial evaluation (“PEA“) yielding sturdy economics together with an NPV8% of $1.3 Billion, IRR of 20.9%, and payback interval of 4.1 years. It’s being developed as a standard operation with open pit mining, heap leach, and SX/EW refinery to supply completed copper cathode on-site with direct rail hyperlink.
The PEA is preliminary in nature and consists of Inferred Mineral Sources which can be thought-about too speculative geologically to have the financial concerns utilized to them that might allow them to be categorized as mineral reserves. There isn’t a certainty that the conclusions reached within the PEA shall be realized. Mineral Sources that aren’t Mineral Reserves would not have demonstrated financial viability.
As well as, Gunnison’s Johnson Camp Asset, which is now in manufacturing, is totally funded by Nuton LLC, a Rio Tinto Enterprise, with a manufacturing capability of as much as 25 million lbs of completed copper cathode yearly.
Different vital deposits managed by Gunnison within the district, with potential to be financial satellite tv for pc feeder deposits for Gunnison Mission infrastructure, embrace Sturdy and Harris, South Star, and eight different deposits.
For added info on the Gunnison Mission, together with the PEA and mineral useful resource estimate, please consult with the Firm’s technical report entitled “Gunnison Mission NI 43-101 Technical Report Preliminary Financial Evaluation” dated efficient November 1, 2024, and out there on SEDAR+ at www.sedarplus.ca.
Dr. Stephen Twyerould, Fellow of AUSIMM, President and CEO of the Firm is a Certified Individual as outlined by NI 43-101. Dr. Twyerould has reviewed and is accountable for the technical info contained on this information launch.
For extra info on Gunnison, please go to our web site at www.GunnisonCopper.com
ABOUT LUNASONDE
Lunasonde Inc. is a protection and mineral exploration know-how startup devoted to revolutionizing subsurface sensing utilizing its novel radar system able to discerning underground options from aerial and house platforms. Their mission is to deal with the shortage of important minerals and life-sustaining pure sources by delivering speedy, high-resolution subsurface knowledge through aerial radar mixed with superior processing pipelines. The corporate’s options help business, protection, and humanitarian applications-enabling useful resource mapping, recurring monitoring, and exploration in environmentally delicate or politically difficult areas on Earth, and, finally, celestial our bodies.
For extra info, please go to www.lunasonde.com.
For additional info relating to this press launch, please contact:
Gunnison Copper Corp.
Harmony Place, Suite 300, 2999 North 44th Avenue, Phoenix, AZ, 85018
Cautionary Notice Concerning Ahead-Trying Data
This information launch incorporates “forward-looking info” regarding anticipated developments and occasions which will happen sooner or later. Ahead-looking info contained on this information launch consists of, however shouldn’t be restricted to, statements with respect to: (i) the intention to deploy the Nuton® know-how on the Johnson Camp mine and future manufacturing therefrom; (ii) the continued funding of the stage 2 work program by Nuton; (iii) the small print and anticipated outcomes of the stage two work program; (iv) timelines for future manufacturing and manufacturing capability from the Firm’s mineral tasks; (v) particulars of the transaction with Lunasdone; (vi) the potential for identification of recent copper and uncommon earth component targets; (vii) the outcomes of the preliminary financial evaluation on the Gunnison Mission; and (viii) the exploration and growth of the Firm’s mineral tasks.
In sure circumstances, forward-looking info may be recognized by way of phrases equivalent to “plans”, “expects” or “doesn’t count on”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “might”, “might”, “would”, “may”, “happen” or “be achieved” suggesting future outcomes, or different expectations, beliefs, plans, goals, assumptions, intentions or statements about future occasions or efficiency. Ahead-looking info contained on this information launch relies on sure components and assumptions relating to, amongst different issues, the events will execute a definitive settlement and obtain DOE funding, Nuton will proceed to fund the stage 2 work program, the provision of financing to proceed as a going concern and implement the Firm’s operational plans, the estimation of mineral sources, the belief of useful resource and reserve estimates, copper and different steel costs, the timing and quantity of future growth expenditures, the estimation of preliminary and sustaining capital necessities, the estimation of labour and working prices (together with the value of acid), the provision of labour, materials and acid provide, receipt of and compliance with essential regulatory approvals and permits, the estimation of insurance coverage protection, and assumptions with respect to foreign money fluctuations, environmental dangers, title disputes or claims, and different related issues. Whereas the Firm considers these assumptions to be cheap based mostly on info at present out there to it, they might show to be incorrect.
Ahead-looking info entails identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking info. Such components embrace dangers associated to the Firm not acquiring sufficient financing to proceed operations, failure to execute a definitive settlement with Lunasonde, failure to obtain DOE funding, Nuton failing to proceed to fund the stage 2 work program, the breach of debt covenants, dangers inherent within the building and operation of mineral deposits, together with dangers regarding adjustments in undertaking parameters as plans proceed to be redefined together with the likelihood that mining operations might not be sustained on the Gunnison Copper Mission, dangers associated to the delay in approval of labor plans, variations in mineral sources and reserves, grade or restoration charges, dangers regarding the flexibility to entry infrastructure, dangers regarding adjustments in copper and different commodity costs and the worldwide demand for and provide of copper and associated merchandise, dangers associated to elevated competitors available in the market for copper and associated merchandise, dangers associated to present world monetary circumstances, dangers associated to present world monetary circumstances on the Firm’s enterprise, uncertainties inherent within the estimation of mineral sources, entry and provide dangers, dangers associated to the flexibility to entry acid provide on commercially cheap phrases, reliance on key personnel, operational dangers inherent within the conduct of mining actions, together with the danger of accidents, labour disputes, will increase in capital and working prices and the danger of delays or elevated prices that is perhaps encountered in the course of the building or mining course of, regulatory dangers together with the danger that allows might not be obtained in a well timed vogue or in any respect, financing, capitalization and liquidity dangers, dangers associated to disputes regarding property titles and pursuits, environmental dangers and the extra dangers recognized within the “Danger Components” part of the Firm’s reviews and filings with relevant Canadian securities regulators.
Though the Firm has tried to establish essential components that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking info, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. Accordingly, readers shouldn’t place undue reliance on forward-looking info. The forward-looking info is made as of the date of this information launch. Besides as required by relevant securities legal guidelines, the Firm doesn’t undertake any obligation to publicly replace or revise any forward-looking info.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/267729
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