Copper is enjoying a bit of a run with the spot price hovering at just less than $3.00 a pound.
Which is a great time for Stephen Dunn at Crown Mining to move forward with the permitting needed to drill the Moonlight copper deposit in California. In today’s press release Dunn states,
“The Moonlight deposit was evaluated in a report titled “Technical Report and Preliminary Economic Assessment on the Moonlight Deposit” by Tetra Tech dated April 18, 2018 (“PEA”) and found on Sedar. The oxide deposit, which had been partially evaluated by previous operators, has not been fully delineated and was treated as waste in the PEA. Proper and positive delineation of the oxide and metallurgical results from this proposed oxide drill program could substantially improve the economics of Moonlight.”
You can read the whole press release here.