Nov 17, 2014
Copper North Appoints Joseph Ringwald As Project Manager For Carmacks Project, Central Yukon
Vancouver, British Columbia – Copper North Mining Corp. ("Copper North" or the "Company") (TSX.V:COL) announces that Mr. Joseph Ringwald, P.Eng. has been appointed as a consultant and advisor to the Company as Project Manager to oversee all work related to the completion of a new feasibility study. Mr. Ringwald will work closely with the joint engineering team of JDS Energy and Mining Inc. and Beijing General Research Institute of Mining and Metallurgy ("BGRIMM") to undertake a new feasibility study for the Carmacks Copper-Gold-Silver Project in Central Yukon (see October 14, 2014 news release).
Dr. Harlan Meade, President and CEO of Copper North stated, "I am very pleased to again be working with Mr. Ringwald in managing the re-engineering of the Carmacks Project and completion of a new feasibility study and advancement of the project to construction".
Mr. Ringwald is a mining and mineral processing engineer with an abundance of feasibility study experience with Selwyn Resources, Brett Resources, Geocomp International Consulting, Tournigan Energy, AMEC, Crew Resources, SRK and Placer Dome Technical Services. He will work together with Dr. Morris Beattie, P. Eng. who is also a consultant, advisor and a key member of our engineering team responsible for all metallurgical matters.
Metallurgical test work is progressing to confirm the optimal leach design and operating parameters for the leaching of copper followed by leaching of gold and silver. Initial test results, for simulation of the vat leach environment, indicate shorter leach times for copper than expected, opening up new opportunities for the leach plan. An additional test work program is in progress to determine the feasibility of an agitated tank leach process as an alternative to vat leaching. Agitated leaching would further shorten copper leach times and also has possible application for gold and silver recovery.
The engineering team will meet in Beijing in early December to advance the plan for commencement of the engineering studies by JDS and BGRIMM. The metallurgical work and development plan should be completed by year-end and establish the base for the new feasibility study which is targeted for completion in Q3 2015.
About Copper North
The Company is focused on the exploration and development of copper deposits. Its core asset is the Carmacks Project in the Yukon, which the Company is progressing toward a new feasibility study that will incorporate the re-engineering of the project accomplished during the past several months. Earlier stage projects include the stratabound Redstone copper project in Northwest Territories and the Thor porphyry copper property in northwest British Columbia.
On behalf of the Board of Directors,
Dr. Harlan D. Meade
President, CEO, and Director
For Further Information:
Dr. Harlan Meade, President and CEO
Tel: 604 788 4288
Cautionary and Forward-Looking Statements
This news release includes certain forward-looking information or forward-looking statements (collectively "forward-looking statements") for the purposes of applicable securities laws. Forward-looking statements include, but are not limited to, statements with respect to the Carmacks Project; the proposed exploration and development activities for the Carmacks Project and their timing and potential development; the ability to reduce the leachy time for copper; the success and timing of the on-going metallurgical test work and proposed feasibility study; and possible events, conditions or performance that are based on assumptions about future courses of action. In certain cases, forward-looking statements can be identified by the use of words and phrases such as "plans", "expects" or "does not expect", "scheduled", "estimates", anticipates", "potential", "recommends" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would" or "will be taken", "occur" or "be achieved". These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the timing and success of future exploration and development activities, including metallurgical and other engineering test results; exploitation and exploration results; exploration and development risks; market prices; availability of capital and financing; general economic, market or business conditions; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that the proposed exploration and development of the Carmacks Project, including the proposed metallurgical test work and feasibility study, will proceed as planned and be successful; the Company will be able to timely obtain permits and licences required to conduct its operations; that market fundamentals will result in sustained metals and mineral prices; current exploration, engineering, and other objectives can be achieved; that the Company's other corporate activities will proceed as expected; and any additional financing needed will be available on reasonable terms.
Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described herein, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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