Guten Morgen
Hier die erste Property, die sehr, sehr erfolgversprechend aussieht:
New York Canyon Copper Project
Historically this district produced significant copper and silver from several small mines. Copper production reached a peak during World War I. Modern exploration activity in the area commenced in 1964 when Banner Mining Company (later bought out by Amax Inc.) drilled the Copper Queen target area and discovered sulphide copper porphyry mineralization.
Modern exploration activity in the area initially concentrated on the discovery of porphyry copper deposits and significant copper resources were established. In the 1970`s, Amax Inc and later Conoco Inc. both conducted significant exploration programs, which included the completion of 24 drill holes totaling 20,226 feet. This included 15 holes, which were drilled to test the Long Shot Ridge occurrence from which a mineral resource estimate of 13.2 million tons grading 0.55% Cu was identified by Conoco Inc.
In 1991 - 92, the property and a 15% net smelter royalty were purchased by Kookaburra Gold Corp (Kookaburra). In 1992-93, Kookaburra drilled a total of 10 core (2,432 ft.), and 29 reverse circulation (5,327 ft.) in-fill holes drilled to verify Conoco`s resource estimate for the Long Shot Ridge deposit. These efforts were directed at developing a SX-EW (Solvent Extraction-Electro Winning) copper oxide operation. Acid soluble copper assays were performed and indicated in excess of 80% of the copper mineralization is potentially extractable by acid leaching.
Longshot Ridge Deposit: The Long Shot Ridge deposit is predominantly a copper oxide deposit, amenable to open pit mining and SX-EW extraction. In November 1993 an independent consultant`s report estimated the resource at Longshot Ridge at 17.7 million tons at 0.57% copper.
This would represent 201.8 million pounds of Gross In-Situ Copper, and at a copper price of US $1.25/lb (March 16, 2004 LME Quote $1.38/lb), this would have a gross value of US $252.3 million. Other untested prospects on the property may host further economic copper reserves. It is noted by prior data that the area has the potential to host several tens of millions of tons of lower grade copper ore (0.3 to 0.6% copper).
Copper Queen Occurrence: In the Santa Fe South target area combined oxide/sulphide deposits include the Copper Queen and Champion deposits. Copper, as both oxide and sulphide ores are hosted in this skarn deposit and Kookaburra refers to potential molybdenum and gold credits in association with the copper based on limited drill hole analysis. Previous drill holes from historical data include Hole 42 with a thickness of 1,020 ft. of 0.41% Cu with shorter intervals including 105ft of 0.64% Cu, 80 ft of 0.765% Cu, and 152 ft of 0.56% Cu. Drilling by Conoco and Amax in the late 70`s and early 80`s, inferred a copper mineralized system of 142 million tons of 0.35 -0.40% copper.
The Copper Queen target has the potential to contain in excess of 1 billion pounds of Gross In-Situ Copper, and at a copper price of US $1.25/lb, this would have a gross value in excess of US $1.2 billion. Additional sampling and assaying is required to determine if additional significant credits will be obtained from gold, silver and molybdenum.
Aberdene is very pleased with the recent New York Canyon acquisition in this period of rising copper prices. According to the BMO Financial Group (March 4, 2004); "Strikes in Chile and Canada and strong demand in Asia helped bolster Copper prices 14 per cent in February to a level of US$1.25/lb,...This is the highest level in more than eight years and 64 per cent higher than a year ago."
Given the recent improvement of both gold and copper prices, Aberdene will complete a detailed review of the data and resource estimations for the New York Canyon project, with respect to current metal prices.
Wichtig, es handelt sich um ein Gebiet, dass in den USA liegt, mögliche Währungsschwankungen sind somit ausgeschlossen.
Good luck
sowhat