Copperwood (Mining) Project Good for Investors (12/30/10) Daily Globe - Ironwood Michigan

Copperwood project tops year in review

IRONWOOD TOWNSHIP -- It appears that the Copperwood mining project in Ironwood Township will be good for investors and job production without harming the environment.

If everything goes well, copper production at the site could begin by the end of 2013.

Orvana Minerals, based in Toronto, first leased mineral rights for 1,759 acres on the border of Ironwood and Wakefield townships from Keweenaw Land Association of Ironwood and Sage Minerals Inc., of Delaware.

 The company more recently leased the mineral rights on an additional 566 acres adjacent to and near the Copperwood site. The company has an option to ease mineral rights in areas covering 3,852 acres near Copperwood, according to Orvana president Bill Williams.

 Copperwood contains a total copper inventory of 900 million pounds and the surrounding areas contain 2.1 billion pounds, Williams said.