NI 43-101 Technical Report on the Copperwood Copper Project
Total Page:16
File Type:pdf, Size:1020Kb
NI 43 -101 Technical Report on the Copperwood Copper Project Michigan, USA Prepared for: Highland Copper Company Inc. West Tower, Suite 101, 1111 St. Charles Street West Longueuil, Québec Canada V6C 3B6 December 3, 2017 Prepared by: G MINING SERVICES INC. 7900 W. Taschereau Blvd. Building D, Suite 200 Brossard, Québec Table of Contents Month, Year Page i Canada J4X 1C2 IMPORTANT NOTICE This report was prepared as a National Instrument 43-101 Technical Report, in accordance with Form 43-101F1, for Highland Copper Company Inc. by G Mining Services Inc. The quality of information, conclusions, and estimates contained herein is based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. Highland Copper Company Inc. is authorized to file this report as a Technical Report with Canadian Securities Regulatory Authorities pursuant to provincial securities legislation. Except for the purposes legislated under provincial securities law, any other use of this report by any third party is at that party’s sole risk. NI 43-101 Technical Report – Copperwood Copper Project Michigan, USA Highland Copper Company Inc. West Tower, Suite 101, 1111 St. Charles Street West Longueuil, Quebec, Canada V6C 3B6 Tel: (450) 677- 2455 • Fax: (450) 677-2601 E-mail: [email protected] Web Address: www.highlandcopper.com/ G Mining Services Inc. 7900 W. Taschereau Blvd. Suite D-200 Brossard, Québec Canada J4X 1C2 Tel: (450) 465-1950 • Fax: (450) 465-6344 E-mail: [email protected] Web Address: www.gmining.com Effective Date: October 18, 2017 Signature Date: December 4, 2017 Supervised and Approved by: __/Réjean Sirois/_______________ (Signature) Réjean Sirois, ing. Vice President, Geology and Resources G Mining Services Inc. Reviewed by: _____/Louis-Pierre Gignac/______ (Signature) Louis-Pierre Gignac, ing., M.Sc.A., CFA Co-President G Mining Services Inc. Highland Copper Company Inc. NI 43-101 Technical Report Copperwood Copper Project Table of Contents Table of Contents ........................................................................................................................................... i List of Figures ............................................................................................................................................... vi List of Tables ................................................................................................................................................ ix 1 EXECUTIVE SUMMARY .............................................................................................................. 1-1 1.1 Introduction ................................................................................................................................. 1-1 1.2 Project Description and Location ............................................................................................... 1-1 1.3 Ownership .................................................................................................................................. 1-1 1.4 Deposits ..................................................................................................................................... 1-1 1.5 Geological Setting ...................................................................................................................... 1-2 1.6 Mineralization ............................................................................................................................. 1-2 1.7 Historical Exploration Work ........................................................................................................ 1-3 1.8 Highland Copper Exploration Work ............................................................................................ 1-4 1.8.1 Sampling and Analysis ........................................................................................................... 1-4 1.8.2 Sample Security ..................................................................................................................... 1-4 1.9 Data Verification ......................................................................................................................... 1-4 1.10 Mineral Resource Estimate ........................................................................................................ 1-5 1.11 Historical Environmental Work ................................................................................................... 1-7 1.12 Metallurgical Work ...................................................................................................................... 1-7 1.13 Mining Operations ...................................................................................................................... 1-7 1.14 Conclusions ................................................................................................................................ 1-8 1.15 Recommendations ..................................................................................................................... 1-9 2 INTRODUCTION ........................................................................................................................... 2-1 2.1 Terms of Reference ................................................................................................................... 2-1 2.2 Effective Date ............................................................................................................................. 2-2 2.3 Qualified Person and Current Personal Inspection .................................................................... 2-2 2.4 Data Sources.............................................................................................................................. 2-2 2.5 Language, Currency and Measurement Unit Standards ........................................................... 2-3 3 RELIANCE ON OTHER EXPERTS .............................................................................................. 3-1 Table of Contents December 3, 2017 Page i Highland Copper Company Inc. NI 43-101 Technical Report Copperwood Copper Project 4 PROPERTY DESCRIPTION AND LOCATION............................................................................. 4-1 4.1 Location ...................................................................................................................................... 4-1 4.2 Mineral Tenure ........................................................................................................................... 4-1 4.3 Surface Rights ............................................................................................................................ 4-3 4.4 Agreements, Royalties and Encumbrances ............................................................................... 4-5 4.4.1 Mining Leases ........................................................................................................................ 4-5 4.4.2 Options to Lease .................................................................................................................... 4-7 4.4.3 Encumbrances ....................................................................................................................... 4-8 4.4.4 Osisko Royalty ....................................................................................................................... 4-8 4.5 Environmental Liabilities ............................................................................................................ 4-8 4.6 Permitting ................................................................................................................................... 4-9 4.6.1 Exploration ............................................................................................................................. 4-9 4.6.2 Development .......................................................................................................................... 4-9 4.7 Socio-Economics ..................................................................................................................... 4-10 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY 5-1 5.1 Accessibility ................................................................................................................................ 5-1 5.2 Climate ....................................................................................................................................... 5-1 5.3 Local Resources ........................................................................................................................ 5-4 5.4 Infrastructure .............................................................................................................................. 5-4 5.5 Physiography.............................................................................................................................. 5-5 6 HISTORY ...................................................................................................................................... 6-1 6.1 Exploration History ..................................................................................................................... 6-1 6.2 Production History ...................................................................................................................... 6-4 6.3 Environmental History ...............................................................................................................