Interim Reported Resources
The Company reported in September of 2007 an interim resource on the property of 2.9 Billion pounds of Copper.
Highlights of this new NI 43-101 compliant, resource report are:
- Measured and Indicated resources, based on a 0.2% Cu cut-off grade, are 227.5 million tons grading 0.37% Cu containing 1.7 billion pounds of copper.
- Inferred resources at 0.2% Cu cut-off grade are 197.2 million tons grading 0.31% Cu containing 1.2 billion pounds of copper.
The resource estimated is based on data from more than 155,000 assays from 4,400 historical drill holes, 67 drill holes from 1997 and 84 new diamond drill holes from the Company’s 2007 drill results up to July 20, 2007. This report is available on Sedar.
| Measured Plus Indicated Resource | Inferred Resource | |||||
| Cut-off %Cu | Tonnage (000’s) | Grade | Contained Copper (lbs) |
Tonnage (000’s) | Grade | Contained Copper (lbs) |
| 0.15 | 318,000 | 0.31 | 1,990,700,000 | 341,600 | 0.25 | 1,701,200,000 |
| 0.20 | 227,500 | 0.37 | 1,679,000,000 | 197,200 | 0.31 | 1,202,900,000 |
| 0.25 | 163,100 | 0.43 | 1,389,600,000 | 113,600 | 0.37 | 833,800,000 |
| 0.30 | 118,600 | 0.48 | 1,145,700,000 | 69,900 | 0.43 | 595,500,000 |
The resource estimated was prepared by Giroux Consultants Ltd. of Vancouver British Columbia, an independent qualified person as defined by Canada’s National Instrument 43-101 and is available on Sedar. Methods used in determining and reporting the resources are consistent with CIM Best Practices Guidelines for the estimation of mineral resources and mineral reserves.
