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History

Contact was founded in the early 1870s primarily for its potential for gold, but soon it became evident that copper was the principal ore of the area.

Copper deposits from the “contact” between the Jurassic granodiorite stock and the Carboniferous sedimentary rocks occurred approximately 150 million years ago.

Development and production from the district have been intermittent since 1987, with considerable progress between 1905 and 1910. From 1915 to 1930, production records suggest that 1,180 tonnes of copper had been extracted, mostly from shallow workings. Over time, four mining districts were established within the region and, in 1926, mining success within the area compelled the Utah Construction Company to build the Oregon Short Line. This rail line would permit ore shipments from Contact to smelters in Salt Lake City. Today, Contact benefits from both nearby rail and highway transportation infrastructure. As copper increases in demand and value, the realization of this rich mining region’s full potential has never been more apparent.  

Key Points in the Site Development Timeline

2006 - 2010

International Enexco Limited (Enexco) drilled 43,000 meters in 156 core holes at its Contact Copper site. This drilling program, along with the previous drilling performed by Golden Phoenix Minerals, Phelps Dodge Corporation, and Calta Resources,  amounted to 72,450 meters and revealed favourable project economics. A 2010 Pre-feasibility Study indicated the production of 11,339 tonnes per year of cathode copper over a 9.5-year mine life.

2011

Enexco completed an acquisition of adjoining land from Allied Nevada Gold Corp and announced a US$1 million drill program expansion. The acquisition more than doubled Enexco’s holdings in the district to approximately 52 square kilometers.

2012

Enexco announced an increase of their drill program to 9,144 meters. At this time, 7,000 meters have been completed, identifying a zone of oxide copper mineralization that extends east over 900 meters in length from the reserve base. 

2014

Denison Mines, a uranium exploration and development company, acquired a primary interest in Enexco, acknowledging the Mann Lake project as the principal asset. 

2014

CopperBank acquired the options remaining on Contact Copper from Enexco in the summer of 2014.

2022

CopperBank is renamed to Faraday Copper Corp.

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