Copper North Clarifies Disclosure
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/08/14 -- Copper North Mining Corp. ("Copper North" or "we") (TSX VENTURE: COL) clarifies technical disclosure. As a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure.
Copper North has made amendments to its website and corporate presentation to clarify that the Preliminary Economic Assessment ("PEA") filed on SEDAR July 14, 2014 supersedes the November 2012 Feasibility Study prepared by M3 Engineering and Technology. The PEA is preliminary in nature and is based on Measured, Indicated and Inferred mineral resources. There are no reserves at the Carmacks Project. Cautionary notes have been added to certain aspects of Copper North's disclosure to inform investors of the uncertainty and associated risks. The changes have been made to ensure compliance with National Instrument 43-101.
Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. Refer to the PEA, filed on SEDAR on July 14, 2014, for a discussion of the applicable qualifications and assumptions and the impact on the results of the previous studies on the Carmacks Project.
On behalf of the Board of Directors:
Dr. Harlan Meade, President, CEO and Director
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.
Contacts:
Copper North Mining Corp.
Dr. Harlan Meade
President and Chief Executive Officer
604 398 3451
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Datum: 08.12.2014 - 22:00 Uhr
Sprache: Deutsch
News-ID 357950
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Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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