Project UpdateAug 6, 2026, 06:08 AM
Lion Copper & Gold Maiden MRE: 6.71B lbs Indicated, 8.77B lbs Inferred Cu
AI Summary
Lion Copper & Gold Corp. announced its maiden Mineral Resource Estimate (MRE) for the Bear Deposit within its Yerington Copper Project in Nevada. The MRE includes an Indicated Resource of 6.71 billion pounds of contained copper and an Inferred Resource of 8.77 billion pounds of contained copper. This significantly enhances the scale and long-term potential of the project, providing a strong foundation for future engineering studies and offering opportunities for further resource expansion and upgrading. The Bear Deposit is also part of an existing Earn-in Agreement with Nuton LLC, a subsidiary of Rio Tinto.
Key Highlights
- Maiden Mineral Resource Estimate (MRE) announced for the Bear Deposit.
- Indicated Resource: 6.71 billion lbs contained copper (1,064 Mt @ 0.29% Cu).
- Inferred Resource: 8.77 billion lbs contained copper (1,770 Mt @ 0.22% Cu).
- MRE significantly expands the Yerington Copper Project's resource endowment.
- Resource remains open for expansion and upgrading through further exploration.
- Bear Deposit is part of an Earn-in Agreement with Nuton LLC (Rio Tinto subsidiary).
- MRE effective date: July 21, 2026, with a 0.10% Cu cut-off grade.
Price Impact
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