March 25, 2011 / 9:05 PM / 7 years ago

UPDATE 1-Western Copper begins new studies on Carmacks mine

TORONTO, March 25 (Reuters) - Western Copper WRN.TO has begun engineering studies to determine whether it can modify plans that pushed regulators to reject its request for a water use license at its Carmacks copper project in Canada’s Yukon Territory.

A recent court ruling in the northwestern territory upheld the Yukon Water Board’s decision to reject Western Copper’s plans, forcing the exploration company to go back to the drawing board. [ID:nN25185071]

The Vancouver-based company said it is now working with regulators on what changes it should make to get the Carmacks project fully licensed.

“We expect that over the next few months we will complete these evaluations and chart a path forward to get a water license for the Carmacks project,” Chief Executive Dale Corman said in a statement.

Carmacks is a small project that is expected to produce about 32 million pounds of copper a year over a six-year mine life. Western Copper’s flagship asset is its Casino copper-gold project in the Yukon. [ID:nN08202859] [ID:nN16265491] (Reporting by Euan Rocha; editing by Peter Galloway)

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