The CuMo Project is situated in the mountains of south-central Idaho. There is excellent, year-round road access from Idaho City, located just 15 miles southwest of the property.
The property comprises a total of 344 claims covering an area of 28.7 sq. km, and an exploration permit has been issued for drilling.
Metallurgical test work 1 indicates excellent recoveries (+90% MoS2). More significantly, the tailings were found to be clean and non-acid generating which will lead to major cost savings and a reduction in environmental concerns.
Disclaimer: Mineral resources that are not mineral reserves do not have demonstrated economic viability.
(Source: Resource Tables in SRK Consulting’s Preliminary Economic Assessment & NI 43-101 Technical Report for the CuMo Project dated June 2020. RCV is Recovered Metal Values and is based on the prices of: Molybdenum oxide $10/lb, Copper $3.00/lb and Silver $12.50/ ounce.)
The current resources for the project can be examined interactively at various metal prices HERE.
1 For details see section 13 on Mineral Processing and Metallurgical testing in SRK Consulting’s 2020 report.