Lion Copper tables resource price quote for MacArthur job, Nevada

Lion Copper tables resource price quote for MacArthur job, Nevada

Lion Copper and Gold Corp.[LEO-TSXV; LCGMF-OTCQB], previously Quaterra Copper, launched the outcomes of an upgraded mineral resource quote for the MacArthur copper job found in Mason Valley, Nevada.

The price quote was prepared under NI 43-101 requirements by Independent Mining Consultants of Tucson, Arizona. The resource quote consists of overall included copper within a pit shell utilizing a variable healing of 4 pertinent oxidation product types.

Highlights consist of Measured and Indicated Resource: 300,290,000 heaps, grading 0.167%TCu (overall copper) consisting of 1,000,383,000 pounds of overall copper and Inferred Resource: 154,792,000 lots, grading 0.151%TCu consisting of 466,350,000 pounds of overall copper

The upgraded mineral resource quote leads to a boost of over 55%of the Measured and Indicated Resource compared to the previous resource quote as constrained within the 2014 PEA pit style. The oxide and shift mineralized envelope of the deposit is validated to be available to the south-southeast. Extra sulfide mineralization stays available to the north and east

Travis Naugle, CEO, specified, “This considerable boost to the resource is an outcome of our current drilling and an enhanced understanding of the MacArthur mineralization. We are really delighted about such a considerable upgrade in the mineral resource for the MacArthur copper deposit and the ramifications this might have on future choices for the Project. The accuracy of the resource modelling technique carried out by IMC imparts self-confidence in these favorable findings. We are interested by the mineralization staying open in many instructions and anticipate examining even more possible resource development in both oxide and sulphide mineralization.”