The “TruScan” mobile scanning unit, which is about the size of a cargo van, contains sophisticated software and XRF (X-ray fluorescence ) scanning equipment that analyzes drill core on as small as 1.5 cm intervals to detect and measure copper and molybdenum grades. XRF technology is non-destructive and works by measuring the fluorescent (or secondary) X-ray emitted from a solid material sample when it is exposed to a primary X-ray source. Each of the elements present in a sample produces a set of characteristic fluorescent X-rays (“a fingerprint”) that is unique for that specific element.
The company will utilize this data to confirm previous laboratory analyses of the metal distribution within the core, and compare the detailed scan results with previous studies. The results will then be used to determine potential ore sorting parameters in an updated Preliminary Economic Assessment (PEA ), and to select various bulk core samples for detailed metallurgical and ore sorting studies. The ultimate goal of this exercise is to reduce the overall mill size and significantly increase mill feed grades, which the company expects will translate into lower capital costs and higher profitability for the project.
Separately, Idaho Copper CFO
About
Safe Harbor Statement
This press release contains forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. These statements are not historical facts but rather are based on the Company’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, the Company cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond the Company’s control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, the Company has no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended
For further information, please contact: info@idaho-copper.com
Source:
2024 GlobeNewswire, Inc., source