Vancouver-based development company Kutcho Copper Corp. (TSX Venture: KC) is closing out 2017 on a high note and looking ahead to a busy year at its Kutcho high-grade copper-zinc project in northern British Columbia. In mid-December, the company changed its name to Kutcho Copper Corp. from Desert Star Resources Ltd., and its ticker to KC from DSR.
The rebranding dovetailed with a milestone $117-million financing package and the closing of Kutcho Copper’s acquisition of a 100% interest in its flagship Kutcho copper-zinc-gold-silver property, located 100 km east of Dease Lake, within the territory of the Tahltan and Kaska First Nations. Mineralization was first discovered on the property in 1968, and since then the property has had several owners including Sumitomo, Homestake Mining, Barrick Gold and most recently Capstone Mining.
Over the past year Kutcho Copper has moved quickly to build up the company and fast-track development of the property, highlighted by the tabling of a strong prefeasibility study in June.