Getty Copper (VSE) is expanding its property holdings in Highland Valley near Kamloops, B.C.
Under an agreement with Robak Industries, the company will earn a half interest in four concessions: Getty South A, Getty South B, Central and Southwest.
Previous drilling on Getty South A, situated about a mile south of the Getty North property, identified a porphyry copper deposit with a significant oxide cap.
Prior to 1975, 65,000 ft. of drilling and 5,800 ft. of underground development outlined an 88-million-ton deposit. About 55 million tons of this represents an open-pittable oxide and sulphide resource grading 0.50% copper. Subsequent trenching on the oxide zone returned an average grade of 0.94% copper.
To acquire half of Getty South A, the company must spend $5.1 million on exploration, feasibility and development over three years. The other three properties carry a separate earn-in requirement of $1.8 million in expenditures.
Several porphyry targets have been outlined on the properties and drilling is planned.
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