Historic Ball Mill

Interim Reported Resources

The Company reported in April of 2009 an updated resource on the property of 5 Billion pounds of Copper.

Highlights of this new NI 43-101 compliant, resource report are:

  • Measured and Indicated resources, based on a 0.15% Cu cut-off grade, are 518.6 million tons grading 0.31% Cu containing 3.2 billion pounds of copper.
  • Inferred resources at 0.15% Cu cut-off grade are 390.7 million tons grading 0.23% Cu containing 1.8 billion pounds of copper.

The updated resource estimate incorporation the 2008 drill results, at various cut off grades, are as follows:

Measured Plus Indicated Resource Inferred Resource
Cut-off %Cu Tonnage (000’s) Grade Contained
Copper (lbs)
Tonnage (000’s) Grade Contained Copper (lbs)
0.15 518,600 0.31 3,226,000,000 390,700 0.23 1,758,200,000
0.20 359,560 0.37 2,682,800,000 186,710 0.29 1,064,200,000
0.25 256,610 0.43 2,222,200,000 101,440 0.34 683,700,000
0.30 189,180 0.49 1,857,600,000 53,130 0.40 420,800,000

The updated 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. Methods used in determining and reporting the resources are consistent with CIM Best Practices Guidelines for the estimation of mineral resources and mineral reserves.