MTB Metals (TSXV:MTB,OTCQB:MBYMF) has begun drilling at its Telegraph copper-gold project within the Golden Triangle, a world-renowned gold-rich jurisdiction in BC, Canada. President and CEO Lawrence Roulston said the company is primarily exploring the project for copper, with gold as a potential by-product.
“The fundamentals for copper are very, very positive,” he said. “There is an intense need for new copper mines. The majors are scrambling right now looking for new copper deposits that they can build mines on. Even the big gold producers, Newmont (TSX:NGT,NYSE:NEM) and Barrick Gold (TSX:ABX,NYSE:GOLD), are promising their investors that they’re going to increase their copper production.”
The Golden Triangle hosts significant copper-gold deposits, and many of the operators in the region have been focused on gold, Roulston said, adding the emerging market opportunity for copper is driving companies to pivot towards copper.
“There hasn’t really been a lot of work done that’s directed toward copper, partly because of market trends and partly because of the nature of this property, so we put a particular emphasis on exploring it for copper,” Roulston said.
MTB Metals now owns almost 700 square kilometers in the Golden Triangle, making it one of the biggest landholders in the region, according to Roulston. “The Golden Triangle is a very apt name. There’s enormous endowment of copper, and that’s just beginning to be realized.”
Watch the full interview with MTB Metals President and CEO Lawrence Roulston above.
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