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.
