VANCOUVER, British Columbia, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Kutcho Copper Corp. (TSXV: KC) (OTC: KCCFF) (“Kutcho Copper” or the “Company”) is pleased to announce it has joined the BC Regional Mining Alliance (“BCRMA”), a consortium of Aboriginal groups, industry peers, the BC Government and AME BC. The Alliance was formed to promote and raise awareness of British Columbia, Canada as a world-class mining jurisdiction with a rich history in mining, and as a Province that currently hosts existing mining operations.
The regional attention is the Golden Triangle and areas in northwest BC which “has been a focus of mineral exploration and mining activity for over 150 years. Early discoveries included significant gold, silver, copper, zinc, lead and molybdenum deposits throughout the region, which covers nearly one-quarter of the province of BC. Today, a rise in commodity prices and improvements in infrastructure have made the Golden Triangle one of the hottest mineral exploration districts in the world.” Additional information on the BCRMA can be viewed on the respective website at https://amebc.ca/bc-regional-mining-alliance/.
“We’re very pleased to become a member of the BCRMA,” said Vince Sorace, Kutcho’s President & CEO. “Northern BC is a top-notch and safe mining jurisdiction, and we look forward being part of a collaborate effort by all members of the Alliance to uphold and support socially responsible resource development.”
Peter Robb, Assistant Deputy Minister, Mines, Competitiveness and Authorizations Division, Ministry of Energy, Mines and Petroleum Resources stated, “The Province of British Columbia is pleased to welcome Kutcho Copper as the newest member of the BC Regional Mining Alliance (BCRMA). The company’s strong working relationship with the Tahltan Nation on the Kutcho Project is a testament to the BCRMA’s spirit of collaboration and mutually beneficial partnerships. We look forward to working with Kutcho to promote this collaborative approach to project development and attract continued investment to our sector.”
Kendra Johnston, President & CEO of AME BC remarked, “AME is thrilled to welcome Kutcho Copper as a member to the BC Regional Mining Alliance (BCRMA). Kutcho’s copper-zinc project is an excellent addition to the BCRMA and highlights the diversity of projects and geological models that are found in BC’s Golden Triangle. We look forward to working with Kutcho as a partner to promote continued investment into mineral exploration and development in BC.”
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
President & CEO, Kutcho Copper Corp.
Cautionary Note Regarding Forward-Looking Statements
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.
This news release contains certain statements that may be deemed “forward-looking statements” with respect to the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “indicates”, “opportunity”, “possible” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Kutcho Copper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, the Company’s ability to raise sufficient capital to fund its obligations under its property agreements going forward, to maintain its mineral tenures and concessions in good standing, to explore and develop the Kutcho project or its other projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the inherent hazards associates with mineral exploration and mining operations, future prices of copper and other metals, changes in general economic conditions, accuracy of mineral resource and reserve estimates, the potential for new discoveries, the potential to convert inferred resources to indicated or measured resources, the potential to optimize the mine plan, the ability of the Company to obtain the necessary permits and consents required to explore, drill and develop the Kutcho project and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and business objectives for the projects; the general ability of the Company to monetize its mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations, compliance with environmental laws and regulations, aboriginal title claims and rights to consultation and accommodation, dependence on key management personnel and general competition in the mining industry. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.