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Canada

Murray Brook Project

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Overview

Mine TypeOpen Pit
StagePreliminary Economic Assessment
Commodities
  • Zinc
  • Lead
  • Copper
  • Silver
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Murray Brook Deposit represents one of the largest undeveloped VMS polymetallic projects in the world-renowned Bathurst Mining Camp, New Brunswick.

In October 2024, Canadian Copper announced the signing of a Term Sheet and Exclusivity Agreement providing the Company with the exclusive right to acquire the Caribou Processing Plant Complex. The transaction's closing date is set for July 11, 2025.

By integrating the Murray Brook deposit with an already permitted and constructed Caribou Complex, the Company aims to significantly reduce the schedule, capital cost, and permitting time required to produce copper, zinc, and lead concentrate from Murray Brook.

The Canadian Copper plans to complete the Preliminary Economic Assessment that will analyze the economic potential of processing the Murray Brook deposit at the Caribou Complex under the Combined Scenario. The expected completion date for the PEA is the first half of 2025.

Owners

SourceSource
CompanyInterestOwnership
Canadian Copper Inc. 100 % Indirect
On February 1, 2024, Canadian Copper Inc. announced that it satisfied all conditions required to acquire 100% of the Murray Brook deposit and its surrounding prospective exploration property.

Contractors

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Deposit type

  • VMS

Summary:

Deposit Type The Murray Brook sulphide mineralization is classified as a volcanogenic massive sulphide (“VMS”) deposit hosted in sedimentary rocks. VMS deposits are well studied and documented, and a major global source of Zn, Pb, Cu, Ag and Au and other metals (Galley, 2007; Franklin, 2007; Shanks et al., 2009). Although VMS deposits tend to be hosted volcanic rocks, some of those in the BMC are hosted in sedimentary rocks proximal to felsic volcanic-sedimentary interfaces (Franklin et al., 1981). However, at Murray Brook and elsewhere in the BMC, the original depositional and stratigraphic relationships are obscured by the overprinting effects of post-depositional metamorphism and polyphase deformation. Mineralization The Murray Brook Deposit is hosted by sedimentary rocks of the Charlotte Brook Member in the lower part of the Mount Brittain Formation. The upper felsic volcanic member of the Mount Brittain Formation hosts the Restigouche Deposit, 10 km to the west of Murray Brook. The Mount Brittain Formation is considered to be equivalent of the Spruce Lake Formation, which hosts the Caribou Mine, 10 km to the east. The Murray Brook Deposit is elliptical in plan with a strike length of approximately 350 m and a maximum thickness of up to 100 m. The Deposit dips approximately 40° to the northwest with a dip extent of >350 m. It plunges moderately to the north and appears to pinch-out at depth and to the east. The geometry of the Deposit was probably lens-shaped, but the up-dip portion of the body has been eroded and pre-Pleistocene weathering produced the gossan that was historically mined for silver and gold. Structurally, the massive sulphides occupy the core of an F1/F2 synform (sheath fold) that is deformed by F3 folds, such that the hanging wall footwall are part of the same unit. Although the Murray Brook Deposit is a single body of massive sulphide with good continuity, in-fill drilling indicates that it consists of two connected lenses or lobes. The western, deeper lobe is richer in zinc and lead and the eastern, shallower lobe richer in copper. Given that zoned VMS deposits tend consist of Cu-rich lower zones and Zn-Pb rich upper zones, it appears possible that the Murray Brook Deposit may be overturned. The Murray Brook Deposit is enclosed in a 1 to 3 m wide halo of chloritized sedimentary rocks containing disseminated pyrite. The hanging wall is moderately chloritic and locally intensely deformed. The footwall consists of fine grained-felsic tuff, and tuffaceous sedimentary rocks with moderate to strong chlorite and sericite alteration. The Murray Brook Deposit sulphides are massive to semi-massive, locally banded, and pyrite rich. The sulphides are mainly fine grained, massive, weakly laminated pyrite with disseminated and banded sphalerite, chalcopyrite and galena, and minor tetrahedrite, covellite, marcasite and arsenopyrite.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Zinc Metal in concentrate M lbs 91914
Zinc Concentrate kt 770
Lead Metal in concentrate M lbs 14136
Lead Concentrate kt 122
Copper Metal in concentrate M lbs 9.292
Copper Concentrate kt 239
Silver Metal in concentrate M oz 1.313

Production Costs

CommodityUnitsAverage
Assumed price Lead USD 1 / lb *  USD
Assumed price Zinc USD 0.94 / lb *  USD
Assumed price Copper USD 3.7 / lb *  USD
Assumed price Silver USD 30.1 / oz *  USD
Assumed price Gold USD 1,540 / oz *  USD
* According to 2013 study / presentation.

Operating Costs

Currency2024
OP mining costs ($/t mined) CAD  ....  Subscribe
OP mining costs ($/t milled) CAD  ....  Subscribe
Processing costs ($/t milled) CAD  ....  Subscribe
G&A ($/t milled) CAD  ....  Subscribe
Total operating costs ($/t milled) CAD  ....  Subscribe
* According to 2013 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M CAD  ......  Subscribe
Sustaining CapEx $M CAD  ......  Subscribe
Total CapEx $M CAD  ......  Subscribe
OP OpEx $M CAD  ......  Subscribe
Processing OpEx $M CAD 270
G&A costs $M CAD 25
Total OpEx $M CAD  ......  Subscribe
Income Taxes $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Royalty payments $M CAD  ......  Subscribe
Net revenue (LOM) $M CAD  ......  Subscribe
Operating margin (LOM) $M CAD  ......  Subscribe
EBITDA (LOM) $M CAD  ......  Subscribe
Net Income (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax NPV @ 0% $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax NPV @ 7% $M CAD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Nov 18, 2024

Total WorkforceYear
...... Subscription required 2013

Aerial view:

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