Kutcho Copper Corp. (TSX-V: KC) (OTC: KCCFF) is pleased to announce it has received from Wheaton Precious Metals Corp. its second advance payment in the amount of US$3.5 million (approx. CDN$4.6 million) under the Precious Metals Purchase Agreement previously announced on August 10, 2017. The PMPA entitled Kutcho Copper to a total of US$7 million, which it has now fully received, to fund expenditures related to completing its Feasibility Study.
Vince Sorace, President & CEO stated, “We have been making good progress in the field the past few months advancing the project towards Feasibility. Geotechnical and metallurgical drilling is almost complete, resource expansion drilling has commenced and environmental baseline studies have been progressing smoothly. The recent financing coupled with Wheaton’s payment gives the Company the capital towards continuing its goal of completing the planned Feasibility Study in Q2 2019.”
About Kutcho Copper Corp.
Kutcho Copper Corp. is a Canadian resource development company focused on expanding and developing the Kutcho high grade copper-zinc project in northern British Columbia. Committed to social responsibility and the highest environmental standards, the Company intends to progress the Kutcho Project through feasibility and permitting to a positive construction decision.
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