Dr. Harlan Meade, President and CEO, states “we are confident that this year’s planned $900,000 exploration program will follow the successful 2014 program and expand oxide mineral resources at our Carmacks Project, and that these resources can be added into the development plan.”
Mineral Resources
The Measured and Indicated mineral resource estimate totals 11,980,000 tonnes grading 1.07% total copper, of which 0.86% is soluble copper (see Preliminary Economic Assessment filed on SEDAR on May 30, 2014, the “PEA”). The mineral resource estimate also contains substantial gold and silver. The resource in the oxide classification forms the basis for the potentially mineable mineralization by open pit methods as described in the PEA.
![]()