Copper is the third-most-consumed metal in the world. It is also known as a highly electrically conductive material. Increased demand for electronics and electric vehicles (EV) is expected to boost the growth of the copper market, making it appear promising in the next 5 years.
Copper is the third-most-consumed metal in the world. It is also known as a highly electrically conductive material. Increased demand for electronics and electric vehicles (EV) is expected to boost the growth of the copper market, making it appear promising in the next 5 years. The global copper market size is projected to increase from $283.4 billion in 2021 to $394.2 billion in 2029, experiencing a whopping CAGR of 4.21%.
Fabled Copper Corp. (CSE: FABL; FSE: XZ7) is a Canadian mining exploration and development company that specializes in copper, gold, and silver projects. The company's prominent endeavor is the Muskwa project, situated in British Columbia, a region responsible for producing over half of the nation's copper (54%) in 2019. Furthermore, Fabled Copper (CSE: FABL; FSE:XZ7) possesses the TJ Property, dedicated to the exploration of gold and silver.
Fabled Copper (CSE: FABL; FSE: XZ7) trades around a market capitalization of CA$1.5 million, supported by 21.5 million out standing shares. In a recent announcement on March 30, 2023, the company disclosed its plan for a 10 for 1 consolidation, which took into effect on April 14, 2023. The primary objective of this consolidation is to enhance the company's appeal to potential new investors and generate value for stakeholders.
The Northwest Sector of British Columbia has “World Class” metal endowment with over 220 million ounces of gold and 93 billion pounds of copper. However only 3% has actually been mined.
The British Columbia’s Muskwa Project’s Property, in 2021 consisted of 22 documented copper occurrence in three separate claim blocks named Neil, Toro and Bronson which covers over 8,065 hectares. By the end of 2022 field season the Property consisted of 90 documented copper occurrence in the 3 claim blocks which was increased over 100% to 16,219 hectares, due to new discoveries.
Churchill, one of the copper occurrence, a property of Muskwa , operated the Magnum vein from 1970 to 1974 following the opening of the Alaskan Highway. During that period, it processed 549,000 tons and produced 14,673 tons of copper. Due to the change of government with change in the royalty coupled with copper prices <$0.70 resulted in abandonment. In over 20+ years no one has entered the mine due to rock slides, snow and ice covering all portals until August 2021.
In a similar vein, the Davis-Keays Eagle Vein, another property within Muskwa, underwent mapping, drilling, and development in1970, showing positive feasibility in studies. Recently, extensive underground exploration was conducted on the Davis-Keays Eagle Vein, covering a strike length of approximately 1,220 meters and reaching a depth of 460 meters, with potential for further depth expansion. A significant amount of underground work, totaling over 22,905 feet (6,982 meters / 6.98 kilometers) including drifting, cross-cutting, and raising, was completed (Harrington, 2021). The exploration efforts have reconfirmed a target outlining over 164 million pounds of copper on the open-ended Eagle Vein, indicating further opportunities at depth.
The Company has announced the note worthy findings of selected copper occurrences, demonstrating significant results upon examination. Among them are Lady Luck, which exhibited 26.1% copper, 8A with promising results of 25.6% , Keays South showing 28.3% copper, and Magnum boasting 27.2% copper content.
Fabled has commenced its mining exploration operations in the TJ Property, situated in the southern region known as the "Golden Triangle." Located due east of Stuart, BC, and 95 kilometers northeast of Hazelton, BC, the property encompasses six contiguous mineral tenures, covering a sprawling area of 3,176 hectares. A world-renowned mining district home to Western Canada's largest gold discoveries. Located in northwestern British Columbia, Canada, the Golden Triangle boasts some of the most impressive gold discoveries in North America. For decades, BC's Golden Triangle has attracted prospectors in search of a golden opportunity.
To summarize, the company is enriched with the expertise of numerous seasoned veterans, including Peter Hawley, B. Eng, BSc,PGeo, CEO, and Director, who co-founded Fabled Copper Corp and possesses over 35 years of experience in the mining industry, ranging from grassroots exploration to development and production.
Additionally, Mr. Pat Donovan, a retired geologist with over 30 years of experience in mineral exploration and project development, brings valuable insights to the team. Louis MarBn, P.Geo, has made significant contributions to the co-discovery of multiple gold and base metal deposits throughout his extensive 35-year career, working for major, mid-tier, and junior mining companies. Together, they Believe, Fabled Copper Corp embodies the qualities of seriousness, thoughtfulness, intuition, intention, and wisdom.
Disclaimer: Please be aware that this is not financial advice and that you should conduct due diligence before investing. The article was issued on behalf of Fabled Copper Corp. (“Fabled”) by Machai Capital (thegoldstocks.com).