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Projects:
Los Verdes
An advanced, moderate size, high grade porphyry. Recent drilling has duplicated and expanded historical drilling, increasing the previously reported resource tonnage by 50%. A recent resource estimate is NI 43-101 compliant and gives 10,502,000 tonnes at 0.124% Mo and 0.46% Cu in the measured and indicated categories, totaling 28.5 million pounds of contained molybdenum and 105 million pounds of contained copper. Mineralization
is contained in a prominent ridge with favourable geometry for
a simple mining operation. Planning is in hand for a pilot scale plant to be in operation during 2007.
Cuatro Hermanos
A large porphyry exploration target in which previous widely spaced drilling has shown consistent copper mineralization with variable molybdenum content over substantial widths within a known mineralized area of at least 4.5 sq km. Exploration activity will focus on infill drilling and definition of higher molybdenum grade areas.