Crown Mining Corp is a junior exploration and development company listed on the TSX Venture Exchange (symbol CWM). Crown is focused on advancing its Lights Creek Copper Project in Plumas County, California to the production stage.
The Lights Creek Copper Project has a current NI-43-101 resource of over 2 billion pounds of copper, 750,000 ounces of gold, and 25 million ounces of silver. The property hosts 4 known copper deposits in a quartz monzonite intrusion known as the Lights Creek Stock that measures 18 square kilometers in area.
Copper was discovered at Lights Creek in 1883, and it was mined on a large scale from 1915 until 1930. Placer Amex explored the property from 1960-1972, drilling over 400 holes and estimating a resource (non NI:43-101 compliant) of over 4 billion pounds of copper.
Crown is having a production study prepared this year that will measure and analyze the economics of the project under different production, grade and price scenarios. Crown estimates that the mine permitting process should take less than 3 years once the process has been started.
Our Technical Reports have outlined the following NI:43-101 copper resource: