This property, which was strategically purchased for its copper exploration potential, is located in the proven mineral/copper rich Paradox Basin area.
The Lisbon Valley property is located only a few miles from one of Utah’s largest copper production properties, the Lisbon Valley copper mine.
At full production, this mine was producing over 27,000 tonnes of copper ore annually.
The company said that copper is the largest contributor of non-fuel minerals in Utah, with a value of over $1.7bn and an output of nearly 20 million pounds annually.
