Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Vancouver-based Granite Creek Copper completed its acquisition of Copper North Mining. The latter owns the Carmacks copper project in Yukon, Canada. 


The acquisition links the Carmacks deposit to Granite’s Stu deposit close by, which will be referred to as Carmacks North post-acquisition. The total mineralization of both projects is spread across 176 sq. km along the Minto copper belt, which is considered a high-grade copper-gold zone. The initial estimates of the Carmacks deposit are reported at 23.76mn mt, grading 0.85pc copper. Meanwhile, drilling and initial resource estimating is set to begin soon at the Carmacks North deposit.                 


Pembridge Resources which operates the Minto mine in the vicinity of Carmacks has produced 19,187mt of copper-gold concentrate since October 2019. The company has an offtake agreement with Japan’s Sumitomo. 

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