MTB Metals (TSXV:MTB,OTCQB:MBYMF) has begun drilling at its Telegraph copper-gold challenge throughout the Golden Triangle, a world-renowned gold-rich jurisdiction in BC, Canada. President and CEO Lawrence Roulston stated the corporate is primarily exploring the challenge for copper, with gold as a possible by-product.
“The basics for copper are very, very optimistic,” he stated. “There’s an intense want for brand new copper mines. The majors are scrambling proper now on the lookout for new copper deposits that they’ll construct mines on. Even the massive gold producers, Newmont (TSX:NGT,NYSE:NEM) and Barrick Gold (TSX:ABX,NYSE:GOLD), are promising their buyers that they’re going to extend their copper manufacturing.”
The Golden Triangle hosts important copper-gold deposits, and lots of the operators within the area have been targeted on gold, Roulston stated, including the rising market alternative for copper is driving firms to pivot in direction of copper.
“There hasn’t actually been loads of work accomplished that is directed towards copper, partly due to market traits and partly due to the character of this property, so we put a specific emphasis on exploring it for copper,” Roulston stated.
MTB Metals now owns virtually 700 sq. kilometers within the Golden Triangle, making it one of many greatest landholders within the area, in response to Roulston. “The Golden Triangle is a really apt identify. There’s monumental endowment of copper, and that’s simply starting to be realized.”
Watch the total interview with MTB Metals President and CEO Lawrence Roulston above.
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