Copper King Mining Corporation fka CPRKQ

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New exploration techniques were developed for the exploration of copper magnetite skarns. Using hand held ground magnetometers beginning in about 1959, many new discoveries were made, some of which remain quite large. Included are the Bawana, Maria, Hidden Treasure, Candy B, and Valley.



Methods of Metal Recovery:


Each major ore body will require a different process to recover all of the metal that can be economically recovered. The first project will be to process the ore in the Hidden Treasure Mine. This mine, like the Maria, Candy B, Copper Ranch, Sunrise, and Valley is rich in copper oxide ore with considerable values in gold and silver. For this reason WUCC will combine several known technologies to allow full recovery of all three metals. In summary, the ore will be milled to a fine powder, concentrated by flotation, Vat leached with ammonia, or acid, in a closed circuit controlled environment, and fed into a SX/EW plant to produce cathode copper. The gold and silver will be precipitated out of the sludge remaining and processed off site.

Mineral Reserves:


It should be noted that often a very fine line is all that exists between ore reserves, probable reserves, and inferred reserves. A good example of this would be the Candy B ore body shown below at 1.26 million tons. Ongoing drilling has already upgraded this deposit to over 7 million tons inferred. The current model suggests up to 40,000,000 tons for the Candy B. If this ore body never exceeds the 7,000,000 tons it will add over 150,000,000 pounds of copper to the reserves base. Almost doubling what is modeled herein. 350,000,000 pounds of copper at today’s price with the gold and silver is over one billion dollars. Management believes the project will grow to far exceed these numbers many times.


Reserves Certified by Mine Development Associates: MDA, per table 4.3 (Tab One), has certified as proven and probable the following reserves using the ultimate pit curves as designed by Medsystem Lerchs-Grossman:

Hidden Treasure Mine - 802,000 tons at 1.75% copper-cutoff at .57% - 28,081,000 pounds of copper


Since the project will also implement the SX/EW operation as contemplated by the Nevada Star Resources Corporation Feasibility Study, a substantial amount of rock that runs .3-.5% copper which would be either not be mined, or would be put in the waste piles, is now ore for the leach pads. It is estimated to contain at least one million pounds or more of copper. Hidden Treasure concentrate (report 72-4, and memo December 14, 1973 Clement K Chase) and Inspiration smelter schedule ran the following: 32.8% CU, 0.87 oz/ton gold, 74.6 oz/ton silver or, $826.56 per ton copper, $351.48 per ton gold, $432.68 per ton silver.

Maria Mine - 559,000 tons at 1.13% Copper-cutoff at .42% - 2,594,000 pounds of copper
Note: same as above except the marginal materiel will be more, perhaps1.5 million pounds of copper.

Copper Ranch Mine - 280,000 tons at 1.13% Copper-cutoff at .43% - 6,327,000 pounds of copper
Note: same as above with approximately 350,000 pounds of copper.
OK Mine - 1,223,000 tons at 0.73% Copper-cutoff at .26% - 7,804,000 pounds of copper


Havenstrite Management certified 1.9 million tons at .62% copper and 23,700,000 pounds of copper. This number, based on the past work of Dotson Exploration Inc. at the OK Mine, is valid.


MDA Tons Certified: 2,864,000 - pounds certified 64,806,000

pounds probable 74,526,000


Reserves Certified by Havenstrite Management (Tab Two):

Mary I Mine - 1,100,000 tons at 0.35% Copper (.5-1 strip) - 7,700,000 pounds of copper
Cortex Dumps - 200,000 tons at 0.55% Copper - 2,200,000 pounds of copper
Essex OK Dumps - 1,770,000 tons at 0.45% Copper - 15,930,000 pounds of copper


Havenstrite tons certified: 3,070,000 - pounds certified 25,830,000


Reserves and Resources Certified by Peter Joralemon (Tab Three):

Note: MDA found a high level of confidence in the Peter Joralemon Report with respect to tons and grade.

Candy B - 1,230,000 tons at 1.26% Copper - 30,996,000 pounds of copper


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