Vancouver — As far as permitting goes, all Western Copper (WRN-T, WCPCF-o) needs now is a quartz mining licence for its Carmacks copper property, about 200 km north of Whitehorse, Yukon.
Western Copper has become the first mining company to complete the relatively new socio-environmental approval process under the Yukon Environmental and Socioeconomic Assessment Act.
The government has handed Western Copper a go-ahead in its document of decision. The next step is to apply for the quartz mining licence that would allow it to begin operations.
In its feasibility study for Carmacks, Western Copper outlined a six-year, open-pit mine, with a $144-million price tag.
So far, the company has defined an oxide resource of 12 million measured and indicated tonnes grading 1.07% copper, 0.46 gram gold per tonne and 4.6 grams silver, and a sulphide resource of 4.3 million tonnes grading 0.75% copper, 0.22 gram gold and 2.4 grams silver.
On the news, Western Copper’s share price slipped 10 to close at 95.
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