MTB Metals (TSXV:MTB,OTCQB:MBYMF) has begun drilling at its Telegraph copper-gold undertaking inside the Golden Triangle, a world-renowned gold-rich jurisdiction in BC, Canada. President and CEO Lawrence Roulston stated the corporate is primarily exploring the undertaking for copper, with gold as a possible by-product.
“The basics for copper are very, very constructive,” he stated. “There may be an intense want for brand new copper mines. The majors are scrambling proper now in search of new copper deposits that they will construct mines on. Even the large 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 vital copper-gold deposits, and lots of the operators within the area have been centered on gold, Roulston stated, including the rising market alternative for copper is driving firms to pivot in the direction of copper.
“There hasn’t actually been lots of work completed that is directed towards copper, partly due to market developments and partly due to the character of this property, so we put a selected 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 largest landholders within the area, based on Roulston. “The Golden Triangle is a really apt title. 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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