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    Sherwood Copper (WKN: A0F64N) Kupferexplorer auf dem Weg zum Produzenten!! - 500 Beiträge pro Seite

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      schrieb am 21.10.07 18:39:25
      Beitrag Nr. 1 ()
      October 11, 2007
      Sherwood Holds the Official Opening Ceremony for the Minto Mine, Yukon

      - Commercial Production Declared as of October 1, 2007 -

      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) today held the official opening ceremony for its high grade Minto copper-gold mine located in the Yukon, Canada. The Minto mine is Canada's newest base metal mine and is leading the way in revitalizing the Yukon's mining sector, long a cornerstone of the Yukon economy, but a region lacking any operating hard rock mines for several years. Less than two years from its acquisition by Sherwood Copper, the Minto mine produced its first copper-gold concentrates, a direct result of the collaborative effort by Sherwood Copper and its construction crews and employees, along with the support of Yukon Government, Selkirk First Nation and local communities.

      Sherwood Copper acquired the Minto project in June 2005 and proceeded to re-drill the deposit to modern reserve standards, conduct a bankable feasibility study, fund and build a $100 million open pit copper-gold mine. Sherwood commenced waste stripping in April 2006, plant construction in June 2006, completed the feasibility in August 2006 and closed its bank financing for mine construction in October 2006. Phase 1 construction of the Minto mine was completed ahead of schedule, without a single lost time accident and within 2% of budget. First concentrates were produced at the end of May 2007, continuous operation commenced in early June 2007 and regular shipments of copper-gold concentrates to the Port of Skagway began in July 2007. On October 1, 2007, Sherwood declared commercial production, once all parameters exceeded 90% of design, and there have been extended periods of sustained throughput in excess of nameplate capacity of 1,563 tonnes per day.

      Over 100 guests and dignitaries attended the opening ceremony at the Minto mine site, including The Hon. Archie Lang, Minister of Energy Mines & Resources of Yukon Territory and various other representatives of the Yukon Government, Chief Darin Isaac, Chief of Selkirk First Nation accompanied by a number of councillors and elders, and The Hon. Larry Bagnell, Member of Parliament for the Yukon. They joined guests representing Sherwood's bankers, shareholders, brokers and employees, as well as the construction managers, engineers, contractors and other contributors to the successful completion of the Minto Mine.

      "The official mine opening represents a major milestone, both for Sherwood Copper and the Yukon Territory. The commencement of commercial operations at Canada's newest base metals mine, and the first in the Yukon in several years, is a testament to the outstanding team at Sherwood Copper, its contractors and the cooperation and support received from the Yukon Government and Selkirk First Nation," said Stephen P. Quin, President & CEO of Sherwood Copper. "Credit for this outstanding achievement belongs to the management and employees at the Minto Mine, construction managers, JDS Energy & Mining, general contractors, Clark Builders, mining contractors, Pelly Construction, and their numerous other subcontractors, trades and suppliers. We look forward to many years of profitable mining operations in the Yukon," he said.

      Minto Project
      The Minto Mine is a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada that was purchased, a feasibility study completed, financed and built in less than two years. In parallel with development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property.

      Sherwood
      Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity -- participation in a fully permitted, operating, high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the 100% owned property.

      Quality Assurance
      The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper Corporation. Technical information related to mine operations has been reviewed by Ian Berzins, P.Eng, General Manager, Minto Mine.

      Additional Information
      Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at http://www.sherwoodcopper.com.

      On behalf of the board of directors
      SHERWOOD COPPER CORPORATION
      "Stephen P. Quin"
      Stephen P. Quin
      President & CEO
      Avatar
      schrieb am 21.10.07 18:41:14
      Beitrag Nr. 2 ()
      Avatar
      schrieb am 21.10.07 18:44:45
      Beitrag Nr. 3 ()
      Sherwood Reports that Minto Mine Declares Commercial Production
      Thursday October 4, 3:02 pm ET
      More than 5,600 tonnes of concentrate produced to September 30, 2007


      VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2007) - Sherwood Copper Corporation

      "Achieving commercial production at our high grade Minto copper-gold mine is a major milestone for Sherwood Copper," said Stephen P. Quin, President & CEO of Sherwood Copper. "Credit for this outstanding achievement belongs to the management and employees at the Minto Mine who have worked diligently through the commissioning process to achieve design throughput and recoveries. They have also benefited from having construction managers, JDS Energy & Mining, general contractors, Clark Builders, mining contractors, Pelly Construction, and their numerous other subcontractors, trades and suppliers available to participate in and assist with the commissioning process."

      As announced September 5, 2007, the construction of the Minto mine was completed ahead of schedule and essentially on budget. The official mine opening, to be attended by representatives of the Yukon Government, Selkirk First Nation, people involved in the financing, construction and operation of the mine and others will be held on October 11, 2007 at the Minto Mine site.

      Commissioning Completed

      Sherwood completed its commissioning of the Minto Mine in the latter part of September, 2007, on schedule. During the month of September, mill throughput averaged approximately 1,500 tpd with 98% availability but exceeded design capacity of 1,563 tonnes per day for extended periods during the month (the month average being affected by a limited number of days when mill was down for equipment modifications as part of the commissioning process). Mill copper recoveries exceeded 92% in the latter part of September and early October, essentially at design levels. Copper concentrate grades averaged 35% for the month of September, again at design levels.

      As a result of these achievements, Sherwood is declaring that commercial production has commenced as of October 1, 2007, meaning that mine production from that date forward will be recorded as mineral sales revenues and costs of sales in the statement of earnings.

      Concentrate Shipments

      At the end of September, 2007, Sherwood had approximately 4,600 dry tonnes of copper-gold-silver concentrates stored at the port of Skagway, Alaska, and more than 1,000 additional dry tonnes of concentrates in the concentrate storage shed at the Minto mine. All of the latter concentrates, plus additional production post month-end, will be trucked to Skagway prior to the beginning of freeze up of the Yukon River and suspension of barge access to the mine. The first concentrate shipment, comprising up to 6,000 dry tonnes of concentrates (averaging approximately 9% moisture), is expected to depart Alaska for smelters in Asia in the latter part of October. The Skagway ore terminal, being refurbished under an agreement with the Alaska Industrial Development and Export Agency, is available for ship loading purposes and the remaining components, not required for ship loading, should be completed by month end.

      Phase 2 Mill Expansion

      Construction of the Phase 2 mill expansion, which will take daily mill throughput from the current design of 1,563 metric tonnes per day (tpd) to 2,400 tpd, is well advanced, with the second ball mill and the additional flotation cells installed in the expanded mill building, and two additional tailings filters being installed in an expanded tailings filter building. Completion of the Phase 2 mill expansion is anticipated before year end-2007, well ahead of schedule, at a cost of approximately C$16 million. As a result of the tie in of the Phase 2 mill expansion, production in December will be affected, to a limited extent, by required shut downs to allow for piping and electrical tie ins to be completed.

      This Phase 2 mill expansion includes a number of accommodations that would facilitate a Phase 3 mill expansion, to in the order of 3,300 to 3,500 tpd, including all the flotation capacity required for such a throughput increase now, and providing sufficient room in the expanded mill building to accommodate other equipment that may be required for grinding and flotation. Additional tailings capacity would also be required to achieve this throughput. A Phase 3 mill expansion is the subject of an independent pre-feasibility study currently nearing completion, as discussed below.

      Pre-feasibility Study

      The independent pre-feasibility study being undertaken by SRK Consulting (Canada) Inc. is currently nearing completion and should be released in November. Completion has been delayed by incorporation of a number of developments post-completion of the August 2006 feasibility study, including, but not limited to, (a) conversion of a portion of the Area 2 resource to reserves, (b) improved geotechnical information enhancing pit optimization, (c) conversion of the mine planning model to an NSR basis from an in situ copper grade basis, (d) increased mill throughput from 2,400 tpd to 3,300 to 3,500 tpd based on a coarser primary grind, (e) provision of grid power by late 2008, and (f) update of the Minto mine cost assumptions based on actual contract terms for mining services, explosives supply, concentrate trucking, concentrate off-take, etc.

      Minto Project

      The Minto Mine is a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada that was purchased, a feasibility study completed, financed and built in less than two years. In parallel with development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property.

      Sherwood

      Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity - participation in a fully permitted, operating, high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the 100% owned property.

      Quality Assurance

      The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper Corporation. Technical information related to mine operations has been reviewed by Ian Berzins, P.Eng, General Manager, Minto Mine.

      Additional Information

      Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at http://www.sherwoodcopper.com.

      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION
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      schrieb am 21.10.07 18:46:19
      Beitrag Nr. 4 ()
      TSX.V:

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      schrieb am 21.10.07 18:46:44
      Beitrag Nr. 5 ()

      Trading Spotlight

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      Was die Börsencommunity nach Ostern auf keinen Fall verpassen willmehr zur Aktie »
      Avatar
      schrieb am 21.10.07 19:25:48
      Beitrag Nr. 6 ()
      Danke für den Hinweis, wäre sonst an mir vorbei gelaufen

      schönen Sonntag noch DS
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      schrieb am 27.10.07 12:16:58
      Beitrag Nr. 7 ()
      Avatar
      schrieb am 30.10.07 22:47:21
      Beitrag Nr. 8 ()
      Sherwood completes 2007 drill program at Minto


      2007-10-29 08:49 ET - News Release

      Mr. Stephen Quin reports

      SHERWOOD INTERSECTS HIGH GRADE COPPER-GOLD MINERALIZATION AT AREA 118 & AREA 2, MINTO MINE

      Sherwood Copper Corp.'s 2007 exploration drill program at its high-grade Minto copper-gold mine in the Yukon is complete, with 102 holes drilled in 2007. Results for 56 holes have now been released and the results for 46 additional holes are pending due to backlogs in the assay lab. Highlights from the latest batch of results received include confirmation of a higher grade core within the recently discovered Area 118 deposit, as well as high-grade intercepts where the Area 118 and Area 2 deposits meet. Highlights of the results are tabulated below, while complete results for the latest nine holes are attached.


      Inter- Inter-
      Hole Interval From To val val Copper Gold Silver
      ID Target ID (m) (m) (m) (ft) (%) (g/t) (g/t)

      07SWC- Area 2 / Interval 187.7 190.8 3.1 10.2 3.77 1.46 21.4
      220 Area 118 O
      Interval 244.1 259.1 15.0 49.2 3.09 1.03 10.1
      P
      Including 244.1 249.5 5.4 17.7 4.29 1.38 13.5
      07SWC- Area 118 32.6 36.2 3.6 11.8 2.12 0.50 6.0
      226
      118M 156.2 165.3 9.1 29.9 3.40 0.87 9.3
      Including 160.6 165.3 4.7 15.4 5.33 1.33 15.3
      118M 175.7 182.3 6.6 21.7 3.33 0.82 11.1
      Splay
      Including 178.7 181.1 2.4 7.9 4.44 0.87 11.65


      "This has been another great year of discovery at Sherwood's high-grade Minto copper-gold mine in the Yukon," said Stephen Quin, Sherwood's president and chief executive officer. "Our exploration team continues to deliver successes and these high-grade intersections at the Area 118 and Area 2 discoveries are particularly encouraging, given their proximity to the potential development at Area 2. Our objective is to have an independent prefeasibility study on Area 2 and a further mill expansion issued in November, 2007. The prefeasibility study is based on the Area 2 resources as we knew them at the end of 2006. Our 2007 exploration results indicate that there could be significant opportunities for upside beyond what will be defined in the study, once we update our resource estimates and follow up on some of our 2007 discoveries in 2008."

      Sherwood will report the remainder of the 2007 drill results over the next two to three months, as they become available, and will use this information to complete new NI 43-101-compliant mineral resource estimates and lay out the priorities for a significant 2008 exploration program to follow up on the exciting 2007 discoveries. "Our 2007 program has opened up some significant new exploration opportunities with considerable upside potential and, most importantly, we have laid the groundwork for a very interesting 2008 when we will see where we can take these new discoveries," said Mr. Quin.

      2007 drill program

      At 23,618 metres of drilling, the 102-hole campaign was more than 40 per cent larger than originally budgeted, a direct result of the significant discoveries made during 2007. Results for 56 holes have now been released and those for 46 additional holes are pending as a result of backlogs in the assay lab.

      The objective for the 2007 exploration program was partly to more fully define the limits of the Area 2 deposit and provide technical information for the prefeasibility study, but mostly to broadly test a wide swath of the Minto property to the south and west of, and between, the Minto and Area 2 deposits. These are all areas where prior drilling, geophysics and Sherwood's geological interpretation suggested potential for the discovery of further high-grade copper-gold mineralization.

      In the 2007 program, 10 holes were drilled for geotechnical and metallurgical purposes; five in the Minto pit and five at the Area 2 deposit, while 92 holes were drilled for exploration purposes. Significant new discoveries were made in the Area 118, Copper Keel and Airstrip areas, and in the Gap between the Minto mine and Area 2. All of these prospects are discussed in more detail in Stockwatch March 5, 2007, and are identified on the accompanying maps:

      To view 2007-10-30 priority exploration corridor map click on the following link: http://www.ccnmatthews.com/docs/PEC.jpg.

      To view 2007-09-25 gradient array IP chargeability map click on the following link: http://www.ccnmatthews.com/docs/GAC3.jpg.

      This release includes assay results for exploration holes at Area 2 (three holes), Area 118 (one hole), Airstrip SW (three holes) and two geotechnical holes at Area 2. For current drill hole locations, please view the accompanying map:

      To view 2007-10-30 drill hole location map click on the following link: http://www.ccnmatthews.com/docs/DHLM.jpg.

      Minto project

      The Minto mine is a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada. Sherwood acquired the Minto project in June, 2005, and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing and built a $100-million open pit copper-gold mine. Commercial production commenced on Oct. 1, 2007. In parallel with these development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high-grade copper-gold mineralization across its Minto mine property.

      Sherwood

      Sherwood's successful consolidation of the ownership of the Minto project provides a unique investment opportunity -- participation in a high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the property.

      Quality assurance

      The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Mr. Quin, PGeo, president and CEO for Sherwood Copper. The exploration activities at the Minto project site are carried out under the supervision of Brad Mercer, PGeol, exploration manager with Sherwood.

      The analytical method for the copper, gold and silver analyses is multistage acid digestion of the samples followed by atomic absorption spectroscopy for copper and fire assay with atomic absorption spectroscopy finish for gold and silver carried out by ALS Chemex in North Vancouver. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database for resource calculations. Blank and standard samples are used for quality assurance and quality control, and any check samples that assay outside the expected ranges result in the entire batch being reassayed. After the completion of planned drill programs at Minto, random check assays will be carried out by Acme Analytical of Vancouver.

      Assay intervals reported herein are drill core lengths unless otherwise stated. Because the deposit is essentially flat lying and most drill holes reported to date are vertical, true widths are generally expected to be the same as reported core lengths unless otherwise stated.

      Additional information

      Additional information on Sherwood and its Minto project can be obtained on Sherwood's website.


      2007 DRILL STATISTICS -- MINTO PROPERTY

      Phase I Phase II Total Status
      Drill area and February May to Assay data Assay data
      type of hole to April October 2007 released pending

      Exploration holes
      Airstrip SW 0 11 11 5 6
      Airstrip C 0 2 2 0 2
      Area 2 0 8 8 8 0
      Area 118 0 29 29 15 14
      Copper Keel S 0 4 4 1 3
      Gap 6 0 6 6 0
      Irod 0 4 4 4 0
      Ridgetop E 0 25 25 7 18
      Ridgetop W 0 3 3 0 3
      6 86 92 46 46
      Geotech/Met holes
      Area 2 5 5 5 0
      Minto 5 5 5 0
      5 5 10 10 0
      Summary all holes
      No. of holes 10 92 102 56 46
      No. of metres 2,701 20,917 23,618



      DETAILS OF DRILL RESULTS
      (to accompany Sherwood's news in Stockwatch dated Oct. 29, 2007)

      Inter- Inter-
      Hole ID Interval From To val val Copper Gold Silver
      and target ID (m) (m) (m) (ft) (%) (g/t) (g/t)

      07SWC-169 Holes 07SWC-169 to 07SWC-195 previously released
      to 195
      07SWC-196 Geotech- 96.8 106.6 9.8 32.1 0.68 0.07 2.0
      nical (i)
      Area 2
      07SWC-197 Holes 07SWC-197 to 07SWC-200 previously released
      to 200
      07SWC-201 Geotech- 32.1 57.9 25.8 84.6 0.66 0.12 1.9
      nical (i)
      Area 2 92.0 109.7 17.7 58.1 1.02 0.24 3.9
      (i)
      Including 92.0 95.4 3.4 11.1 2.16 0.54 10.9
      (i)
      07SWC-202 Holes 07SWC-202 to 07SWC-210 previously released
      to 210
      07SWC-211 Interval 80.7 97.2 16.5 54.1 0.47 0.03 0.9
      L
      Area 2 Interval 142.6 147.2 4.6 15.1 0.84 0.41 3.26
      M
      265.4 277.5 12.1 39.7 0.63 0.19 1.7
      07SWC-212 Holes 07SWC-212 to 07SWC-217 previously released
      to 217
      07SWC-218 61.9 67.7 5.8 19.0 1.12 0.11 2.52
      Area 2 135.7 142.9 7.2 23.6 1.18 0.41 4.7
      261.3 264.8 3.5 11.5 1.16 0.25 4.52
      301.7 317.0 15.3 50.2 0.81 0.21 2.4
      07SWC-219 183.3 199.8 16.5 54.1 0.43 0.07 1.0
      Airstrip SW
      07SWC-220 65.9 98.8 32.9 107.9 0.43 0.09 1.1
      Area 2 187.7 190.8 3.1 10.2 3.77 1.46 21.4
      244.1 259.1 15.0 49.2 3.09 1.03 10.1
      Including 244.1 249.5 5.4 17.7 4.29 1.38 13.5
      276.9 300.8 23.9 78.4 0.66 0.17 2.4
      Including 290.2 299.4 9.2 30.2 0.95 0.27 3.61
      07SWC-221 Assays pending
      Airstrip SW
      07SWC-222 Assays pending
      Area 118
      07SWC-223 Geochemically anomalous -- no significant intersections
      Airstrip SW
      07SWC-224 Assays pending
      Area 118
      07SWC-225 175.8 194.0 18.2 59.7 0.64 0.08 1.0
      Airstrip including 183.4 190.9 7.5 24.6 0.82 0.10 1.4
      SW
      07SWC-226 32.6 36.2 3.6 11.8 2.12 0.50 6.0
      Area 118 51.3 55.4 4.1 13.4 0.95 0.17 2.8
      83.2 95.5 12.3 40.3 0.46 0.06 1.2
      Area 118M 156.2 165.3 9.1 29.9 3.40 0.87 9.3
      Including 160.6 165.3 4.7 15.4 5.33 1.33 15.3
      Area 118M 175.7 182.3 6.6 21.7 3.33 0.82 11.1
      splay
      Including 178.7 181.1 2.4 7.9 4.44 0.87 11.65

      (i) These holes were angled to collect geotechnical data for pit wall
      design for the Area 2 prefeasibility study. The estimated true
      thickness is approximately 85 per cent of the core interval.


      We seek Safe Harbor.
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      schrieb am 30.10.07 22:53:30
      Beitrag Nr. 9 ()
      Intraday:




      1 Jahr:

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      schrieb am 30.10.07 22:54:32
      Beitrag Nr. 10 ()
      Avatar
      schrieb am 15.11.07 11:45:55
      Beitrag Nr. 11 ()
      Sherwood Copper President & CEO, Stephen Quin, to Appear on BNN TV


      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) is pleased to announce that the company's President and Chief Executive Officer, Stephen Quin, will be interviewed on Business News Network ("BNN") on Tuesday, October 30, 2007.

      "Having declared commercial production at the high grade Minto copper-gold mine on October 1, 2007, just over two years from acquiring the undeveloped project, we welcome the opportunity to share our story on this widely watched news program," said Stephen P. Quin, President & CEO of Sherwood Copper. "The Minto mine is Canada's newest base metals mine and the first in the Yukon in several years, representing a major milestone for both Sherwood Copper and the Yukon Territory," said Mr. Quin. "BNN is a leading financial news television service that reaches a wide audience in the investment community and provides us with an exceptional platform to tell this exciting story."

      Mr. Quin will be a guest on BNN's Power Breakfast segment to discuss Sherwood Copper's high grade Minto copper-gold mine. The segment will air live on October 30, 2007 at 8:50 a.m. ET and will be repeated at 10:50 a.m. ET.

      Minto Project

      The Minto Mine is a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada. Sherwood acquired the Minto project in June 2005 and, in just two years from acquisition, re-drilled the deposit to modern reserve standards, completed a bankable feasibility study, arranged project financing, and built a $100 million open pit copper-gold mine. Commercial production commenced on October 1, 2007. In parallel with its operating activities, Sherwood has been running an exceptionally successful 2007 exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property.

      Sherwood

      Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity -- participation in a fully permitted, operating, high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the 100% owned property.

      Additional Information

      Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at http://www.sherwoodcopper.com.

      On behalf of the board of directors
      SHERWOOD COPPER CORPORATION
      "Stephen P. Quin"
      Stephen P. Quin
      President & CEO

      For further information please contact Stephen Quin, President of Sherwood Copper Corp.
      or Brad Kopp or Kristy Reynolds at (604) 687-7545 or (888) 338-2200
      ** INTERNET ADDRESS: www.sherwoodcopper.com **
      Avatar
      schrieb am 26.11.07 13:50:45
      Beitrag Nr. 12 ()
      A NORTHAIR GROUP COMPANY

      SUITE 860 - 625 HOWE STREET Ÿ VANCOUVER, BC Ÿ V6C 2T6 CANADA Ÿ TEL: (604) 687-7545 FAX: (604) 689-5041

      PRESS RELEASE

      FOR IMMEDIATE RELEASE



      November 26, 2007 #07-33



      Sherwood Announces Agreement for Acquisition of Western Keltic Mines

      - Inclusion of Kutcho Creek Deposit Would Double Copper Resources & Could Double Production -




      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) today announced that it has entered into an agreement with Western Keltic Mines Inc. (WKM: TSX-V) under which Sherwood has agreed to make an offer to acquire all the shares of Western Keltic through the issuance of 0.08 of a share of Sherwood for each share of Western Keltic. Based on the November 23, 2007 closing price for the Sherwood shares, this equates to an approximate price of $0.47 per Western Keltic share. The consideration under the offer represents a premium of 53% over Western Keltic’s closing price on November 23, 2007. Based on 79,830,855 Western Keltic shares outstanding, this offer equates to approximately $37 million for all of the issued and outstanding shares of Western Keltic. Western Keltic’s board, along with its largest registered shareholder (representing an aggregate of 26.8 million shares of Western Keltic that are issued or issuable upon the exercise of options and warrants) have entered into or have agreed to enter into lock-up and support agreements in respect of the transaction. Western Keltic’s board has unanimously approved the terms of the agreement and recommend the shareholders of Western Keltic tender into Sherwood’s offer when mailed.



      “The acquisition of Western Keltic and its Kutcho Creek copper-zinc deposit would more than double our copper resources, and offers the potential to continue Sherwood’s transformation to a significant base metal producer through the potential development of Kutcho Creek,” said Stephen P. Quin, Sherwood’s President & CEO. “We see the opportunity to redeploy our successful mine evaluation and development team to maximize the value of the Kutcho Creek property to the combined companies’ shareholders. We aim to reassess the development plans for Kutcho Creek over the coming months to determine the most attractive development option, much as we did at Minto, with the objective of developing a robust, low cost mining operation,” he said. “Further, the high grade Minto mine should generate significant free cash flow at current metal prices that could be re-invested in the development of a second mine at Kutcho Creek, significantly reducing overall financing needs and share dilution versus Western Keltic going it alone.”



      Sherwood Copper recently completed the development of Phase 1 of its high grade Minto copper-gold mine in the Yukon, ahead of schedule and on budget, and aims to complete its Phase 2 mill expansion by the end of 2007. In addition, Sherwood will shortly be announcing the results of an independent pre-feasibility study on the Minto mine that will incorporate the discovery of the Area 2 deposit in 2006 and lay out the basis for a Phase 3 mill expansion. Further, exploration successes during 2007, including four new discoveries of high grade copper-gold mineralization, indicate potential for yet more growth within the Minto property. Results from 46 of 92 exploration holes completed in 2007 are still awaiting assays.



      Western Keltic recently completed a pre-feasibility study evaluating the potential development of the Kutcho Creek deposit, the results of which were announced on September 5, 2007. This study defined resources and reserves as set out in an amended and restated technical report filed on SEDAR on October 29, 2007. Since that time, Western Keltic has been advancing the project towards completion of a feasibility study by conducting geotechnical and environmental baseline studies, as well as advancing the permitting process for approval of production. Western Keltic has also been actively engaged in discussions with the Talhtan and Kaska First Nations, as well as other local communities to ensure there is broad based support for the development of a mine at Kutcho Creek, while taking into account the concerns of the First Nations and other stakeholders.



      “Based on public information and our due diligence, Sherwood believes that the Kutcho Creek deposit shares many similarities with the Minto mine; being a smaller tonnage, relatively high grade open pittable copper deposit with by-product credits,” said Mr. Quin. “These similarities suggest that our experiences, approach and skills built up over the past two years at the Minto Mine should be directly transferable to the design, construction, financing and operation of a mine at Kutcho Creek. We believe there is an opportunity to “do it again” at Kutcho Creek, while learning from the challenges and successes experienced in the development of the Minto Mine.”



      Transaction Rationale

      Sherwood believes this offer provides significant benefits for Western Keltic’s existing shareholders including, but not limited to, the following:

      v Western Keltic shareholders will gain immediate exposure to Sherwood’s current copper production, production growth from planned mill expansions and the tremendous exploration results being generated by Sherwood’s exploration team on the Minto property;

      v Sherwood should have access to financing and cash flow from its Minto Mine operations that could contribute funds towards the development cost of the Kutcho Creek deposit;

      v Sherwood has a proven track record of mine development in the same region as Western Keltic’s Kutcho Creek deposit;

      v Sherwood has access to the same mine development team that successfully brought its mine into production, ahead of schedule and on budget; and

      v Sherwood has successfully worked with the Yukon Government and Selkirk First Nation to advance its project through feasibility, permitting, development and into production and believes it can bring these experiences to bear on the Kutcho Creek deposit.



      Sherwood further believes that the Western Keltic shareholders would benefit from the tax-effective combination of the two companies and that they could participate in the upside from the significantly enhanced business platform, in addition to having greater financial flexibility as a result of the underlying liquidity in Sherwood’s shares.



      Sherwood Offer

      Sherwood anticipates that the transaction would be structured by way of a take-over offer and would be subject to certain standard conditions including that no less than 66 2/3% of the issued and outstanding shares of Western Keltic be tendered to the offer. However, the parties may consider an alternative form of transaction such as a plan of arrangement or other form of business combination as mutually determined by Sherwood and Western Keltic.



      Full details of the offer will be included in the formal offer and take-over circular to be filed with the regulatory authorities and mailed to Western Keltic shareholders in accordance with applicable securities laws. The offer to shareholders of Western Keltic will be to acquire all of the issued and outstanding shares of Western Keltic in consideration for the issue of Sherwood shares on the basis of 0.08 Sherwood shares for every Western Keltic share. This offer represents an approximate 53% premium to the closing stock price for the Western Keltic shares on November 23, 2007. Based on the current Western Keltic shares outstanding, the transaction would involve the issuance of approximately 6.4 million Sherwood shares, which would equate to 12.5% of Sherwood’s pro forma shares outstanding.



      If the offer is to be made by takeover offer, the offer will remain open for 35 days following the mailing date and will be subject to certain conditions relating to receipt of requisite regulatory approvals, the absence of any material changes and acceptance of the offer by Western Keltic shareholders owning not less than two-thirds of the Western Keltic common shares. The letter agreement also provides for usual deal protection provisions including a break fee of $1.4 million in favour of Sherwood in the event of a superior proposal.



      Sherwood has engaged Dundee Securities Corporation as its financial advisor and DuMoulin Black LLP as its legal advisor in respect of this transaction.



      Sherwood

      Sherwood’s successful consolidation of the ownership of the Minto Project provides a unique investment opportunity – participation in a fully permitted, operating, high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the 100% owned property. When combined with the potential development of Western Keltic’s Kutcho Creek deposit, Sherwood offers significant near-term and long-term growth potential.



      Additional Information

      Additional information on Sherwood and its Minto Mine can be obtained on Sherwood’s website at http://www.sherwoodcopper.com.



      Additional information on Western Keltic and its Kutcho Creek deposit is available on Western Keltic’s website at http://www.westernkeltic.com.



      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION

      “Stephen P. Quin”

      Stephen P. Quin

      President & CEO



      For further information please contact Stephen Quin, President of Sherwood Copper Corp.

      or Brad Kopp or Kristy Reynolds at (604) 687-7545 or (888) 338-2200

      ** INTERNET ADDRESS: www.sherwoodcopper.com **
      Avatar
      schrieb am 03.12.07 15:02:45
      Beitrag Nr. 13 ()
      Press Release Source: Sherwood Copper Corporation


      Sherwood Intersects High Grade Copper-Gold Mineralization at Ridgetop & Area 118, Minto Mine
      Monday December 3, 7:00 am ET


      0.75% Cu over 88m including 2.0% Cu over 13.7m at Ridgetop; 3.7% Cu & 1.3 g/t Au over 8.4m at Area 118


      VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 3, 2007 -- Sherwood Copper Corporation (CDNX:SWC.V - News) today announced results for an additional 12 holes from its 102 hole 2007 drill program recently completed at the high grade Minto copper-gold mine in the Yukon. Highlights from the latest batch of results received include further confirmation of an emerging higher grade core at Area 118 and an exceptionally thick, near surface intersection from the Ridgetop East prospect. Highlights of the results are tabulated below, while complete results for the latest 12 holes are attached.


      --------------------------------------------------------------------------
      Inter- Inter- Inter-
      val From To val val Copper Gold Silver
      Hole ID Target ID (m) (m) (m) (ft) (%) (g/t) (g/t)
      --------------------------------------------------------------------------
      07SWC-222 Area 118 17.7 23.0 5.3 17.4 2.51 0.60 6.1
      --------------------------------------------------------------------------
      07SWC-230 Area 118 118M 183.0 194.3 11.3 37.1 2.86 1.07 8.1
      --------------------------------------------------------------------------
      including 185.9 194.3 8.4 27.6 3.68 1.34 10.5
      --------------------------------------------------------------------------
      07SWC-231 Airstrip 181.1 189.6 8.5 27.9 1.50 0.07 0.6
      --------------------------------------------------------------------------
      including 181.1 185.1 4.0 13.1 2.65 0.11 0.9
      --------------------------------------------------------------------------
      07SWC-238 Area 118 118M 233.2 238.8 5.6 18.4 2.05 1.12 10.3
      --------------------------------------------------------------------------
      07SWC-254 Ridgetop 27.2 116.0 88.8 291.3 0.75 0.15 2.0
      --------------------------------------------------------------------------
      including 29.9 43.6 13.7 44.9 2.04 0.07 1.2
      --------------------------------------------------------------------------
      and 102.7 116.0 13.3 43.6 1.11 0.46 7.0
      --------------------------------------------------------------------------
      ADVERTISEMENT






      "The exploration potential at the high grade Minto copper-gold mine continues to expand," said Stephen Quin, President & CEO. "I am particularly encouraged by the near surface, exceptionally thick intersection from Ridgetop and yet another high grade intersection from Area 118. The near surface aspect of Ridgetop is what attracted us to drill it in 2007; any resource in this area could potentially have a very low strip ratio," he added. "The development of a high grade core in Area 118 is also very encouraging. These areas have the potential to provide additional resources beyond what is currently being scoped out in the independent pre-feasibility study that incorporates the Area 2 deposit discovered and defined in 2006."

      Sherwood anticipates reporting the remainder of the 2007 drill results by year-end or in very early 2008, as they become available. The information will be used to complete new NI 43-101 compliant mineral resource estimates and lay out the priorities for a significant 2008 exploration program to follow up on the exciting 2007 discoveries.

      2007 Drill Program

      At 23,618 metres of drilling, the 102-hole campaign was more than 40% larger than originally budgeted, a direct result of the significant discoveries made during 2007. Including this announcement, results for 68 holes have now been released and those for a 34 additional holes are pending.

      The objective of the 2007 exploration program was to more fully define the limits of the Area 2 deposit and provide technical information for the pre-feasibility study, but mostly to broadly test a wide swath of the Minto property to the south, west and between the Minto and Area 2 deposits. These are areas where various combinations of prior drilling, geophysics and Sherwood's geological interpretation suggested potential for the discovery of further high grade copper-gold mineralization.

      In the 2007 program, ten holes were drilled for geotechnical and metallurgical purposes; five in the Minto pit and five at the Area 2 deposit, while 92 holes were drilled for exploration purposes. Significant new discoveries were made in the Area 118, Copper Keel and Airstrip areas and in the Gap between the Minto Mine and Area 2. All of these prospects are discussed in more detail in the March 5, 2007 news release and are identified on the accompanying maps:

      To view the Priority Exploration Corridor map please click on the following link: http://www.ccnmatthews.com/docs/SWC_PEC.jpg

      To view the Gradient Array IP Chargeability map please click on the following link: http://www.ccnmatthews.com/docs/SWC_Map.jpg

      This release includes assay results for exploration holes at Area 118 (5 holes), Airstrip SW (3 holes) and Ridgetop East (4 holes). For a current drill hole location, please view the accompanying map:

      http://www.ccnmatthews.com/docs/SWC_Drill.jpg

      Minto Project

      The Minto Mine is a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada. Sherwood acquired the Minto project in June 2005 and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing, and built a $100 million open pit copper-gold mine. Commercial production commenced on October 1, 2007. In parallel with these development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property.

      Sherwood

      Sherwood's successful consolidation of the ownership of the Minto Project provides a unique investment opportunity - participation in a high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the property.

      Quality Assurance

      The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper Corporation. The exploration activities at the Minto project site are carried out under the supervision of Brad Mercer, P. Geol., Exploration Manager with Sherwood.

      The analytical method for the copper, gold and silver analyses is multistage acid digestion of the samples followed by atomic absorption spectroscopy for copper and fire assay with atomic absorption spectroscopy finish for gold and silver carried out by ALS Chemex in North Vancouver. When visible gold is noted in drill core samples or regular fire assay values appear abnormally high, the pulp and screen metallic assay method is used to determine the total gold content and gold contents of different size fractions. This is considered industry best practice when dealing with coarse gold mineralization where a nugget effect is suspected. This determination is accepted as the most representative value and is used in the assay database for resource calculations. Blank and standard samples are used for quality assurance and quality control, and any check samples that assay outside the expected ranges results in the entire batch being re-assayed. After the completion of planned drill programs at Minto, random check assays will be carried out by Acme Analytical of Vancouver.

      Assay intervals reported herein are drill core lengths unless otherwise stated. Because the deposit is essentially flat lying and most drill holes reported to date are vertical, true widths are generally expected to be the same as reported core lengths unless otherwise stated.

      Additional Information

      Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at http://www.sherwoodcopper.com.

      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION

      Stephen P. Quin, President & CEO

      This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company's filings for a more detailed discussion of factors that may impact expected results.



      2007 Drill Statistics - Minto Property

      --------------------------------------------------------------------------
      Phase I Phase II Total Status
      --------------------------------------------------------------------------
      Drill Area and Assay Data Assay Data
      Type of Hole Feb - April May - Oct 2007 Released Pending
      --------------------------------------------------------------------------
      Exploration Holes
      --------------------------------------------------------------------------
      Airstrip SW 0 11 11 8 3
      --------------------------------------------------------------------------
      Airstrip C. 0 2 2 0 2
      --------------------------------------------------------------------------
      Area 2 0 8 8 8 0

      --------------------------------------------------------------------------
      Area 118 0 29 29 20 9
      --------------------------------------------------------------------------
      Copper Keel S. 0 4 4 1 3
      --------------------------------------------------------------------------
      Gap 6 0 6 6 0
      --------------------------------------------------------------------------
      IROD 0 4 4 4 0
      --------------------------------------------------------------------------
      Ridgetop E 0 25 25 11 14
      --------------------------------------------------------------------------
      Ridgetop W 0 3 3 0 3
      --------------------------------------------------------------------------
      -------------------------------------------------------
      6 86 92 58 34
      --------------------------------------------------------------------------
      Geotech / Met Holes
      --------------------------------------------------------------------------
      Area 2 5 5 5 0
      --------------------------------------------------------------------------
      Minto 5 5 5 0
      --------------------------------------------------------------------------
      -------------------------------------------------------
      5 5 10 10 0
      --------------------------------------------------------------------------
      --------------------------------------------------------------------------
      Summary All Holes
      --------------------------------------------------------------------------
      # of Holes 10 92 102 68 34
      --------------------------------------------------------------------------
      # of Metres 2,701 20,917 23,618
      --------------------------------------------------------------------------


      Details of Drill Results
      To accompany Sherwood Copper News Release Dated October 29, 2007

      --------------------------------------------------------------------------
      Inter- Inter-
      Hole ID Interval From To val val Copper Gold Silver
      & Target ID (m) (m) (m) (ft) (%) (g/t) (g/t)
      --------------------------------------------------------------------------
      07SWC-169 to 220 Holes 07SWC-169 To 07SWC-220 Previously Released
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-221 164.4 175.6 11.2 36.75 0.72 0.16 2.0
      --------------------------------------------------------------------------
      "Airstrip SW" Including 171.0 175.6 4.6 15.1 0.99 0.21 2.6
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-222 17.7 23.0 5.3 17.4 2.51 0.60 6.1
      --------------------------------------------------------------------------
      "Area 118" 128.1 131.7 3.6 11.8 0.97 0.04 1.5
      --------------------------------------------------------------------------
      146.3 152.5 6.2 20.3 1.00 0.28 3.2
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-223 Holes 07SWC-223 Previously Released
      --------------------------------------------------------------------------
      "Airstrip SW"
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-224 25.7 28.5 2.8 9.2 0.79 0.36 3.8
      --------------------------------------------------------------------------
      "Area 118" 137.5 140.1 2.6 8.5 0.64 0.16 2.5
      --------------------------------------------------------------------------
      179.5 181.4 1.9 6.2 1.29 0.53 3.1
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-225 to 226 Holes 07SWC-225 To 07SWC-226 Previously Released
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-227 219.3 230.0 10.7 35.1 0.81 0.06 1.0
      --------------------------------------------------------------------------
      "Airstrip SW"
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-228 46.6 56.6 10.0 32.8 0.43 0.01 0.4
      --------------------------------------------------------------------------
      "Area 118" 106.3 130.0 23.7 77.8 0.50 0.05 1.3
      --------------------------------------------------------------------------
      140.1 146.5 6.4 21.0 0.42 0.09 1.5
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-229 ASSAYS PENDING
      --------------------------------------------------------------------------
      "Airstrip SW"
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-230 183.0 194.3 11.3 37.1 2.86 1.07 8.1
      --------------------------------------------------------------------------
      "Area 118" including 185.9 194.3 8.4 27.6 3.68 1.34 10.5
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-231 181.1 189.6 8.5 27.9 1.50 0.07 0.6
      --------------------------------------------------------------------------
      "Airstrip SW" including 181.1 185.1 4.0 13.1 2.65 0.11 0.9
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-232 to 237 ASSAYS PENDING
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-238 4.8 8.5 3.7 12.1 3.04 0.14 1.9
      --------------------------------------------------------------------------
      "Area 118" 45.7 40.4 3.7 12.1 0.75 0.14 1.2
      --------------------------------------------------------------------------
      158.0 164.4 6.4 21.0 0.43 0.01 0.6
      --------------------------------------------------------------------------
      187.0 188.0 1.0 3.1 2.24 1.23 13.1
      --------------------------------------------------------------------------
      233.2 238.8 5.6 18.4 2.05 1.12 10.3
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-239 to 245 ASSAYS PENDING
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-246 2.8 33.2 30.4 99.7 0.39 0.05 1.2
      --------------------------------------------------------------------------
      "East Ridgetop" including 2.8 7.8 5.0 16.4 0.5 0.04 0.6
      --------------------------------------------------------------------------
      and 17.7 17.2 1.5 4.92 1.2 0.70 3.3
      --------------------------------------------------------------------------
      and 22.6 33.2 10.6 34.8 0.58 0.1 2.3
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-247 3.0 31.9 28.9 94.8 0.37 0.07 1.4
      --------------------------------------------------------------------------
      "East Ridgetop" including 3.0 7.8 4.8 15.7 0.55 0.05 1.8
      --------------------------------------------------------------------------
      and 22.5 31.9 9.4 30.8 0.57 0.16 2.7
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-248 ASSAYS PENDING
      --------------------------------------------------------------------------
      "East Ridgetop"
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-249 Geochemically anomalous - no significant intersections
      --------------------------------------------------------------------------
      "East Ridgetop"
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------
      07SWC-250 to 253 ASSAYS PENDING
      --------------------------------------------------------------------------

      --------------------------------------------------------------------------

      07SWC-254 27.2 116.0 88.8 291.3 0.75 0.15 2.0
      --------------------------------------------------------------------------
      "East Ridgetop" including 29.9 43.6 13.7 44.9 2.04 0.07 1.2
      --------------------------------------------------------------------------
      and 102.7 116.0 13.3 43.6 1.11 0.46 7.0
      --------------------------------------------------------------------------


      The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.



      Contact:
      Contacts:
      Sherwood Copper Corp.
      Stephen Quin
      President
      (604) 687-7545 or 1-888-338-2200

      Sherwood Copper Corp.
      Brad Kopp
      (604) 687-7545 or 1-888-338-2200

      Sherwood Copper Corp.
      Kristy Reynolds
      (604) 687-7545 or 1-888-338-2200
      (604) 689-5041 (FAX)
      Website: http://www.sherwoodcopper.com



      --------------------------------------------------------------------------------
      Source: Sherwood Copper Corporation
      Avatar
      schrieb am 03.12.07 15:05:11
      Beitrag Nr. 14 ()
      NEWS vom 03.12.2007

      Sherwood Intersects High Grade Copper-Gold Mineralization at Ridgetop & Area 118, Minto Mine

      0.75% Cu over 88m including 2.0% Cu over 13.7m at Ridgetop; 3.7% Cu & 1.3 g/t Au over 8.4m at Area 11



      http://biz.yahoo.com/iw/071203/0334990.html
      Avatar
      schrieb am 07.12.07 23:24:36
      Beitrag Nr. 15 ()
      Sherwood's Minto mine to get hydro power by end 2008

      2007-12-07 16:07 ET - News Release

      Mr. Stephen Quin reports

      SHERWOOD REPORTS GROUNDWORK HAS COMMENCED ON CARMACKS TO STEWART TRANSMISSION LINE

      Yukon Energy Corp., from which Sherwood Copper Corp.'s will buy power, has received all the permits and certificates needed to proceed with the surveying, clearing and construction of phase 1 of the Carmacks, Yukon, to Stewart, B.C., transmission line. The access and land-use permits were issued by the Selkirk First Nation and Little Salmon/Carmacks First Nation governments late last month. The Yukon government's certificates and permits came earlier this week. As a result, the high-grade Minto copper-gold mine should have access to grid power by the end of 2008, significantly reducing mine operating costs and providing potential for material benefits to Yukon stakeholders.

      "With all the necessary permits issued and groundwork under way on the Carmacks to Stewart transmission line, the Minto mine is on schedule to switch from diesel to hydro electric power by the end of 2008," said Stephen P. Quin, president of Sherwood Copper. "This is a major step towards creating significant benefits to both Sherwood's shareholders and Yukon stakeholders. Shareholders will benefit from significantly reduced energy costs while Yukon stakeholders gain significant benefits from incremental energy sales, infrastructure development and taxes, while reducing the generation of greenhouse gasses in the Yukon. We appreciate the hard work and support of both the Yukon and first nation governments in making this happen."

      Yukon Energy has reported that crews of Challenger Geomatics, Yukon Energy's survey contractor, have begun their work. They will spend the next few weeks marking the line route between Carmacks and Pelly Crossing, Yukon. Brush clearing will begin later this week and will continue until late February or early March. Line construction is expected to start in March, and substation construction is planned for later in the spring. The transmission and spur lines should be in operation by late 2008.

      As announced in the company's news release in Stockwatch on May 29, 2007, the Yukon Utilities Board approved the amended power purchase agreement (PPA) between Sherwood's wholly owned subsidiary Minto Explorations Ltd. (MintoEx) and Yukon Energy. Under the terms of the amended PPA, MintoEx has agreed to a fixed rate of 10 cents a kilowatt hour to the end of 2012, after which the rate would escalate on an annual basis in accordance with an inflation measure, and a take-or-pay provision of $12-million over four years. Yukon Development Corp. has provided a guarantee to Yukon Energy of the financing risks related to the Minto capital contribution payments. Yukon Development will also be responsible for any risk that the amount of the company's contribution for the main line may increase beyond $7.2-million agreed to in the PPA. As previously disclosed, Yukon Energy has advised MintoEx that the latest estimated cost to complete the spur line to the Minto mine is now $8.8-million, versus $3.8-million previously reported. The cost increase is a result of cost escalations related to construction, material and equipment costs, as well as increasing the capacity of the spur line to accommodate a mill throughput rate of up to 4.2 million tonnes per day. The impact of these cost increases should be somewhat mitigated by: increased power demand related to higher process-plant throughput planned under a prefeasibility study (see below); the debt repayment structure, which has interest-only payments for three years after completion of the grid connection, and principal and interest payments for four years thereafter on the main line, while the spur line has principal and interest payments commencing upon completion of the grid connection for a seven-year period; and a potential two-year extension to the spur line repayment terms.

      Prefeasibility study

      The independent prefeasibility study being undertaken by SRK Consulting (Canada) Inc. is essentially complete and should be released early next week. Completion has been delayed by incorporation of a number of developments postcompletion of the August, 2006, feasibility study, including, but not limited to:

      * Conversion of a portion of the area 2 resource to reserves;
      * Improved geotechnical information enhancing pit optimization;
      * Conversion of the mine planning model to a net-smelter-retun basis from an in situ copper grade basis;
      * Increased mill throughput from 2,400 to 3,500 tonnes per day based on a coarser primary grind;
      * Provision of grid power by late 2008;
      * Update of the Minto mine cost assumptions based on actual contract terms for mining services, explosives supply, concentrate trucking, concentrate off-take etc.

      All components of the study are now complete and are being vetted by the appropriate qualified persons as required by National Instrument 43-101 prior to release.

      Minto project

      The Minto mine is a high-grade open-pit copper-gold deposit located in the Yukon. Sherwood acquired the Minto project in June, 2005, and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing, and built a $100-million open-pit copper-gold mine. Commercial production commenced on Oct. 1, 2007. In parallel with these development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high-grade copper-gold mineralization across its Minto mine property.

      Sherwood's successful consolidation of the ownership of the Minto project provides a unique investment opportunity -- participation in a high-grade, open-pit copper-gold mine located in Canada with tremendous exploration potential on the property.

      Additional information on Sherwood and its Minto project can be obtained on Sherwood's website.
      Avatar
      schrieb am 12.12.07 14:23:07
      Beitrag Nr. 16 ()
      Sherwood estimates Minto to have 66,700 oz Au

      2007-12-12 08:15 ET - News Release

      Mr. Stephen Quin reports

      SHERWOOD REPORTS RESULTS OF PRE-FEASIBILITY STUDY FOR EXPANSION OF MINTO COPPER-GOLD MINE

      Sherwood Copper Corp. has released results of an independent prefeasibility study for the expansion of the Minto copper-gold mine in the Yukon. This study increases reserves and lays out a path for significantly increased copper production, commencing immediately, and enhanced project economics.

      "The completion of a prefeasibility study that incorporates the Area 2 deposit, which was discovered and defined in 2006, represents another significant milestone in Sherwood's relentless pursuit of value," said Stephen Quin, president and chief executive officer. "We have taken an exploration concept and, within 20 months, converted it into a reserve that supports a 45-per-cent increase in mill throughput and a 43-per-cent increase in total project copper and gold production with increased copper and gold production commencing immediately. Given the very encouraging exploration in 2007, there would appear to be excellent opportunities for further resource additions that could potentially support additional production expansions or an increased mine life."

      Highlights

      The prefeasibility study technical report lays out the basis for production from the Area 2 deposit at a higher mill throughput than was defined in the 2006 detailed feasibility study completed by Hatch Ltd., the results of which were announced in Stockwatch on Aug. 28, 2006. The PFS also incorporates a number of additional post-DFS optimizations. Highlights of the PFS, as compared with the DFS include the following:

      * Processing increased to 3,500 tonnes per day from 2,400 tpd;

      * Higher metal production commences in 2008 as a result of processing higher grades first;

      * 43-per-cent increase in total copper and gold produced in concentrates;

      * 39-per-cent increase in pretax net present value at a 7.5-per-cent discount rate, 75 per cent after tax;

      * 41-per-cent pretax IRR, 35 per cent after tax based on $2-per-pound copper price plus completed forward sales;

      * 52-per-cent pretax IRR, 46 per cent after tax based on forward copper price plus completed forward sales.

      The PFS represents an interim update on the Minto project with resource estimates as of the end of 2006 and costs as of the end of 2007. However, continued exploration success in 2007, which could result in further reserve increases beyond those outlined in the PFS, and other optimization opportunities, suggest that additional value remains to be extracted from the Minto project and Sherwood will continue to pursue the crystallization of these value opportunities.

      Basis of prefeasibility study

      In 2006, Sherwood identified and defined a promising deposit, Area 2, located immediately south of the Minto Main pit and drilled it to NI 43-101 resource standards in 2006 with 79 holes totalling 18,134 m of diamond drilling, resulting in approximately the same drill spacing as the Minto Main deposit. The Area 2 mineral resource was sufficiently promising to commission the independent PFS completed under the supervision of SRK Consulting (Canada) Ltd. In addition to looking at the economic potential of the Area 2 deposit, the study was expanded to incorporate several other concurrent Minto project improvements that were identified post-DFS, including:

      * Implementation of coarser initial grinding in conjunction with a regrind of rougher cell concentrates;

      * Increase in mill capacity to 3,500 tonnes per day;

      * Rescheduling of open pit to maximize upfront grades;

      * Use of grid electrical power;

      * Review of waste rock and tailings deposition options;

      * Optimization of the pit slopes for the Main pit based on new geotechnical data and analysis;

      * Improved recoveries for partially oxidized material.

      It is envisioned that, based on the results of this study, Minto Explorations will seek amendments to its current operating permits from the Yukon government in order to increase production and modify operating parameters to accommodate these and other proposed operational improvements.

      Mineral resources

      Lions Gate Geological Consulting Inc., in conjunction with SRK, conducted the mineral resource estimate for the Area 2 deposit. LGGC and SRK have reviewed pertinent geological information in sufficient detail to support the data incorporated into the resource estimate. SRK was actively involved during the estimation process, provided guidance with geostatistical analyses of copper and gold, estimation parameters to be used, and validated the copper and gold block models. The previously disclosed mineral resources for the main Minto and Area 2 deposits (as of March, 2007) are summarized below and are detailed in the table attached (see news in Stockwatch dated Feb. 26, 2007, and July 10, 2006, for additional details).

      MINTO PROJECT MINERAL RESOURCE ESTIMATE INCLUDING RESERVES
      (at 0.5% Cu cut-off)

      In situ grade Contained metal
      Class Tonnes (% Cu) (g/t Au) (g/t Ag) Cu (Mlb) Au (oz) Ag (oz)
      Measured 10,638,000 1.84 0.68 7.20 432 231,000 2,462,000
      Indicated 6,018,000 1.01 0.34 3.75 135 66,700 725,000
      M+I 16,656,000 1.54 0.56 5.95 567 297,600 3,185,000
      Inferred 1,471,400 1.00 0.32 2.05 33 15,600 97,000

      Mineral reserves

      The Area 2 deposit is proposed to be developed as an open pit following the depletion of the current Main pit. Similar to the 2006 DFS for the Main deposit, the Main/Area 2 combined mine plan focuses on accessing and milling the high-grade ore first, with lower-grade material sent to stockpiles for blending and processing later in the mine life.

      Mine design for both pits was initiated with the development of a net smelter return model. The model included estimates of: metal prices, exchange rate, mining dilution, mill recovery, concentrate grade smelting and refining payables, and costs, freight and marketing costs and royalties. The NSR model was based on a 15-metre by 15-metre by three-metre block size for the Area 2 and Main pit combined. The NSR block model was then used with the MineSight Lerchs-Grossman algorithm to determine the optimal mining shell. Detailed mine planning and scheduling were then conducted on the optimal pit shell and a mineral reserve was estimated as summarized below and detailed in the table attached.

      MINTO PROJECT MINERAL RESERVES
      (@ 0.62 %Cu cut-off)

      In situ grade Contained metal
      Class Tonnes (% Cu) (g/t Au) (g/t Ag) Cu (Mlb) Au (oz) Ag (oz)
      Proven 8,552,000 1.97 0.72 7.80 371.4 197,200 2,145,000
      Probable 902,000 1.22 0.46 5.06 24.3 13,400 147,000
      Total 9,454,000 1.90 0.69 7.54 395.6 210,600 2,292,000

      Mine plan

      During 2007, MintoEx began a process of post-DFS optimization of its mine plan, resulting in accelerated production for the Main pit. The accelerated PFS mine plan was implemented at the Minto mine during the latter part of 2007, and will continue into 2008. The post-2008 mining sequence was then divided into four phases. The first phase sees the completion of mining in the Main pit in approximately 2010 followed by three phases in Area 2 and is based upon providing the required ore per period with maximum grade while deferring stripping as long as possible. The Main and Area 2 pits will be mined sequentially, with the stripping of the Area 2 pit beginning after the completion of mining in the Main pit. Area 2 waste is then used to fill the Main pit. Mill feed will come from stockpiled main pit ore during the Area 2 stripping phase. The entire project has a life-of-mine production duration of eight years, with one additional year required for the mill to process the remaining stockpiles -- a total of nine producing years. The life-of-mine production schedule appears in an attached table.

      MINTO PROJECT LIFE-OF-MINE PRODUCTION SCHEDULE

      2007 2008
      (i) (i) 2009 2010 2011 2012 2013 2014
      Parameter Units Main pit Area 2 pit Total
      Ore mined Mt 0.9 1.1 1.1 3.0 0.2 1.7 0.1 1.3 9.5
      Waste
      mined Mt 6.6 10.2 8.2 5.5 5.6 10.8 12.2 4.7 63.8
      Strip Waste:
      ratio Ore 7.58 9.67 7.16 1.82 22.26 6.50 93.72 3.61 6.74
      Cu grade % Cu 2.01% 2.50% 1.79% 2.09% 2.07% 1.53% 0.97% 1.51% 1.90%
      Au grade Au g/t 0.61 1.01 0.49 0.79 0.99 0.61 0.35 0.59 0.70
      Ag grade Ag g/t 8.00 10.33 7.23 8.81 9.58 5.53 3.34 4.85 7.53

      (i) from Main pit budget (May, 2007, to December, 2008)

      Since the date of this production schedule, additional work has been undertaken to smooth out the production schedule and further optimize metal production; this work will be a continuing process as additional information is incorporated from 2007 drilling and subsequent activities.

      Processing

      The Minto concentrator initiated production in May, 2007, with a design daily production rate of 1,563 tpd. A phase 2 expansion of the Minto concentrator to 2,400 tpd was engineered and approved for construction at a capital cost of $15.8-million and is expected to be complete at the end of 2007 and commissioned in January, 2008. Based on extensive metallurgical testing previously reported (see news in Stockwatch dated June 12, 2007) and additional testing subsequent to that, a phase 3 mill expansion to 3,500 tpd has been designed incorporating the benefits of grinding coarser and various other process optimizations demonstrated in bench testwork completed post-DFS. One of these post-DFS optimizations may include the installation of a gravity gold recovery plant in the grinding circuit in order to recover any free gold that may be present, however no benefit from this optimization has been assumed in the PFS since the benefits of this will have to be demonstrated through production.

      Production

      The "Minto project life-of-mine metal production forecast" table sets out the copper, gold and silver in concentrates and estimated payable metal detailed in the PFS.

      MINTO PROJECT LIFE-OF-MINE METAL PRODUCTION FORECAST

      Item Unit 2007 2008 2009 2010 2011
      Copper in cons lb ('000) 10,421 59,428 53,679 84,664 44,050
      Gold in cons oz ('000) 2.4 25.5 19.6 36.7 21.8
      Silver in cons oz ('000) 57.5 336.8 317.9 523.5 241.1
      Conc. grade % Cu 33% 35% 43% 43% 43%
      Payable copper lb ('000) 9,974 57,155 51,778 81,666 42,491
      Payable gold oz Au ('000) 2.29 24.5 18.7 35.5 21.1
      Payable silver oz Ag ('000) 43.55 262.1 262.4 436.1 195.5

      Item Unit 2012 2013 2014 2015 Total/Ave.
      Copper in cons lb ('000) 46,161 24,363 39,222 9,280 371,268
      Gold in cons oz ('000) 20.7 9.0 15.5 2.7 154
      Silver in cons oz ('000) 230.1 121.7 164.6 42.3 2,035
      Conc. grade % Cu 41% 43% 41% 41% 41%
      Payable copper lb ('000) 44,527 23,501 37,833 8,951 357,877
      Payable gold oz Au ('000) 20.0 8.7 15.0 2.6 148
      Payable silver oz Ag ('000) 180.7 96.4 122.4 32.3 1,631

      As noted above, additional smoothing of production is planned post-PFS as part of a continuing process of open pit optimization.

      Metal pricing

      In the PFS, unhedged pricing was maintained at the DFS assumptions of $2.00 (U.S.) per pound copper, $550 (U.S.) per ounce gold and $9.00 (U.S.) per ounce silver. Discussions related to the appropriateness of this price, in consideration of current copper pricing and the debate surrounding pricing of copper futures, were limited and satisfied by the opportunity to modify and report these effects during the financial sensitivity analysis. Hedging of metals and prices were applied for periods 2007 to 2011 based on forward sales contracts in place as of Sept. 25, 2007. These metal hedging gains were included in the project cash flow and represented undiscounted revenue of 18 U.S. cents per pound of copper.

      SUMMARY OF METAL PRICE HEDGING

      Metal Units 2007 2008 2009 2010 2011 Total
      Copper (US$/lb) $ 3.08 $ 2.88 $ 2.49 $ 2.19 $ 2.12 $ 2.50
      Gold (US$/oz) $ 648.00 $ 654.00 $ 653.00 $ 653.00 $ 720.00 $ 667.46
      Silver (US$/oz) $ 11.76 $ 11.90 $ 11.90 $ 11.90 $ 13.68 $ 12.26

      In the base case, the foreign exchange rate was defined by MintoEx as being 1.13 Canadian dollars to one U.S. dollar and did not include any allowance for exchange rate risks that might be incurred in future years of the project -- the value of 1.13 Canadian dollars to one U.S. dollar was maintained for the life of the project, as were the flat metal price assumptions noted above. A scenario involving the current forward curve for copper, spot prices for gold and silver and parity for the U.S. dollar was evaluated.

      Economics

      The PFS costs were based on, in order of preference, actual contract costs, Minto 2007 and 2008 budget estimates and the 2006 DFS estimates. The principal differences between the 2006 DFS, 2007 PFS are set out in the attached "Base case and forward case" table.

      COMPARISON OF 2006 DFS AND PFS (BASE CASE AND FORWARD CASE)

      Pre- Pre-
      August feasibility feasibility
      2006 study study
      feasibility (Main & (Main &
      study Area 2 Area 2
      (Main deposits) deposits)
      deposit base forward
      Item Unit only) case case
      Waste mined Millions t 40.0 63.8 63.8
      Ore mined Millions t 5.9 9.5 9.5
      Copper mill head grade % Cu 2.20% 1.90% 1.90%
      Gold mill head grade g/t Au 0.80 0.70 0.70
      Silver mill head grade g/t Ag 9.13 7.5 7.5
      Copper in cons Millions lb 259 371 371
      Gold in cons 000s oz 108 154 154
      Silver in cons 000s oz 1,470 2,035 2,035
      Concentrate grade % Cu 36% 41% 41%
      Copper price
      (including hedging) US$/lb $ 2.00 $ 2.16 $ 2.75
      Gold price
      (including hedging) US$/oz $ 550.00 $ 592.12 $ 753.32
      Silver price
      (including hedging) US$/oz $ 9.00 $ 10.18 $ 13.71
      Exchange rate US$/C$ $ 0.839 $ 0.885 $ 1.000
      NSR C$/t milled $ 101.94 $ 88.84 $ 103
      Unit total OPEX
      (inc royalties) C$/t milled $ 45.45 $ 47.18 $ 47.12
      Unit operating costs
      after byproduct credits US$/lb Cu $ 0.73 $ 0.81 $ 0.87
      Total capital
      (initial and sustaining) $M $ 108 $ 151 $ 151
      NPV 7.5% pretax $M $ 127 $ 177 $ 275
      NPV 7.5% after tax $M $ 72 $ 126 $ 210
      IRR pretax % 37% 41% 52%
      IRR after tax % 27% 35% 46%

      As noted above, the DFS used flat metal prices throughout the life of the study, whereas the PFS base case uses the same metal prices ($2.00 (U.S.) per pound Cu, $550 (U.S.) per ounce Au and $9.00 (U.S.) per ounce Ag) for unhedged production but actual forward contract pricing for the metal forward sold. The forward case uses a conservative forward case of the current forward copper prices (which decline over time due to backwardation) but the current spot prices for gold and silver (without the benefit of the contango in these commodities) for unhedged production, actual forward contract pricing for the metal forward sold, and a U.S. dollar at parity with the Canadian dollar.

      Exploration

      The 2007 exploration drilling focused mostly on nine separate exploration target areas in addition to a small program dedicated to geotechnical/metallurgical drilling at the Main and Area 2 deposits as part of the PFS. One hundred two exploration and geotechnical drill holes were completed for 23,618 metres, including 10 holes drilled for geotechnical and metallurgical purposes; five in the Main pit and five at the Area 2 deposit. Significant new copper-gold mineralization was discovered at Gap, Copper Keel South and Airstrip SW, while Area 118 was expanded from a localized historic drill occurrence to what MintoEx now believes may be the discovery of a significant new deposit. Assays are still pending on 34 drill holes. The remainder of the 2007 drill results will be reported over the next month or so, as they become available, and this information will be used to complete new NI-43-101-compliant mineral resource estimates and lay out the priorities for a significant 2008 exploration program to follow up on the exciting 2007 discoveries. Only geotechnical and metallurgical technical results were incorporated into the PFS; none of the 2007 drill assay results are incorporated into the PFS. Final 2007 drill assay results will be incorporated into new resource calculations to be completed by the end of the first quarter of 2008.

      Grid power connection

      The PFS assumes that grid power will be established on site at the end of 2008. A preliminary power purchase agreement was entered into and subsequently amended, as announced by MintoEx Feb. 12, 2007, and May 30, 2007. The rates for electrical power supply were set out in the PPA and are expected to provide power at an estimated 10 cents per kilowatt hour, a significant saving over the current cost of on-site diesel generation. As noted in news in Stockwatch dated Dec. 7, 2007, MintoEx has interest only payments for three years after completion of the grid connection, and principal and interest payments for four years thereafter on the main line, while the spur line has principal and interest payments commencing upon completion of the grid connection for a seven-year period. Also in that news release, MintoEx reported that Yukon Energy had received all approvals required for the construction of the grid extension and spur line to the Minto mine, and construction related field activities have commenced.

      Capital costs

      No mining capital was included in the economic analysis for the PFS as it is assumed that the mine will continue to be serviced by a mining contractor that will provide its own equipment fleet. MintoEx currently uses a mining contractor with which it has a contract extending to the end of 2009. SRK has estimated capital costs for the phase 3 mill expansion at $3.2-million. The capital cost estimate is based on the purchase of new equipment items for the phase 3 expansion, principally for the pebble crusher, regrind mill and paste thickener. Construction labour and materials costs for the installation of the phase 3 equipment items were based on recent construction rates experienced at Minto. Capital costs for EPCM, indirect expenses, and spares were factored as a percentage of the total direct construction. A 15-per-cent contingency was applied to the direct construction costs. Other capital costs related to the increase in mill capacity and the mining of Area 2 include a total of $16-million for grid power, $1.5-million for various pumps and pipelines associated with paste and in-pit slurried tailings deposition and $2-million for additional mine closure costs. Total project capital costs, including the current operation, includes $52-million during preproduction in 2006 and another total of $99-million for the remainder of the project -- a total of $151-million.

      MINTO MINE -- SUMMARY OF LIFE-OF-MINE CAPITAL COSTS

      Period CAPEX (C$ '000)
      Preproduction (2006) $ 51,850
      2007 $ 65,499
      2008 $ 25,759
      2009 $ 1,500
      2010 $ 1,600
      2011 $ 1,000
      2012 $ 1,000
      2013 $ 500
      2014 $ 250
      2015 $ 2,000
      Project total $ 150,958

      It should be noted that the above capital schedule has all capital related to the connection to grid power expensed in 2008, whereas the contract with Yukon Energy has payments made over time as noted in the news releases referenced in the "Grid power connection" section above.

      Operating costs

      The operating costs in the PFS come from three main sources:

      * The DFS for the Main pit;

      * New supply contracts signed by MintoEx;

      * The 2008 life-of-mine budget numbers from MintoEx.

      Mining costs are based on the mining contract with Pelly Construction and the explosives contract with Dyno Nobel Canada. The costs for these contracts are used throughout the project life. Diesel fuel cost is assumed to be 85 cents per litre delivered to site. Unit costs are generally higher than in the DFS as a result of cost escalation in the past two years (including diesel, labour, explosives and consumables).

      SUMMARY OF PFS OPERATING COSTS

      Unit operating costs Life-of-mine
      Mining (C$/t mined) $ 2.80
      Mining (C$/t milled) $ 21.68
      Milling (C$/t milled):
      Labour $ 2.92
      Power $ 4.88
      Propane $ 0.12
      Diesel $ 0.63
      Consumables $ 3.34
      Maintenance $ 0.33
      Mobile equipment $ 2.06
      Force accounts $ 2.32
      Total milling (C$/t milled) $ 16.61
      Camp and catering (C$/t milled) $ 1.46
      General and administration (C$/t milled) $ 7.03
      Royalties (Selkirk First Nation) (C$/t milled) $ 0.40
      Total unit operating costs (C$/t milled) $ 47.18
      Total unit operating costs (C$/lb Cu) $ 1.25
      Unit operating costs after byproduct credits (C$/lb Cu) $ 0.92

      MintoEx's cost assumptions for 2008 are based on higher costs for almost all inputs and a U.S. dollar at parity with the Canadian dollar. Further, the Minto mine only has limited operating experience on which to base these estimates and will strive to see unit cost reductions realized over the coming periods.

      Concentrate sales

      Minto has an established concentrate purchase contract with MRI Trading AG. Under the terms of the contract, MRI has the obligation to buy all of Minto's concentrate production and Minto has the obligation to sell all of its concentrate production to MRI. The contract is in effect from July, 2007, to June, 2010. The MRI contract may be extended by mutual agreement for one or more years.

      Sensitivity analysis

      The project was evaluated for sensitivity to the commodity price of copper, operating expenses, capital expenditures, grade of Cu and production tonnage. All sensitivities were assessed for the range of minus-15 per cent to plus-15 per cent and compared with the resulting 0-per-cent discounted NPV. Any 0-per-cent discounted NPV derivations were done for both pretax and after-tax cash flows.

      Both the pretax and after taxation cash flow models show the project is most sensitive to changes to the copper grade. This sensitivity is somewhat mitigated in the mine plan by the significant use of stockpiles to allow the early extraction of higher grade ore and the ability to blend different grades to provide a consistent mill feed.

      Copper price is the variable that demonstrates the second greatest sensitivity. In Minto's case, the Cu price is buffered by the fact that a significant portion of its production in the first four years of operation has contractual price guarantees so a reduction or increase in the market price of copper has a tempered affect on the NPV.

      Many of Minto's major operating expenses including mining, explosives, TCs and RCs and concentrate transport are covered by contracts and, therefore, offer considerable protection from variances in the next two to four years. The project is relatively sensitive to the tonnage of ore milled.

      The project economics do not exhibit appreciable sensitivity to capital costs as the Area 2 plan and phase 3 mill expansion require relatively little new capital. Also, all of the initial Minto mine construction capital has been spent and therefore has no risk of price escalation for the main contraction.

      BASE CASE PRETAX NPV SUMMARY @ 0% DISCOUNT RATE (C$ MILLIONS)

      -15% 0 +15% Range
      Cu price $ 162 $ 245 $ 328 $ 167
      OPEX $ 309 $ 245 $ 180 $ 129
      CAPEX $ 259 $ 245 $ 230 $ 29
      Grade $ 146 $ 245 $ 343 $ 197
      Tonnage $ 187 $ 245 $ 302 $ 115

      Permitting

      The Minto mine is currently permitted to process up to 912,500 tonnes of ore per year, or 2,500 tonnes per day. Implementation of the PFS requires the processing rate to be increased to 3,500 tonnes per day. In addition, a new pit at Area 2 and a number of other development approaches are outlined in the PFS that would require amendments to existing permits. MintoEx intends to make formal application for the required permit amendments in early 2008 and plans to work closely with the Yukon government, Selkirk First Nation and other stakeholders through these permit amendments.

      Project opportunities

      A number of project opportunities are identified in the PFS, including the potential to add additional reserves through continued exploration, further optimization of the mine plan, improved waste management to reduce costs and underground mining potential for deeper, higher grade areas.

      Project risks

      A number of project risks are outlined in the PFS, including the ability to obtain permit amendments in a timely manner, external influences such as metal prices and exchange rates, recoveries, capital cost, and grade control.

      MINTO PROJECT MINERAL RESOURCE ESTIMATE INCLUDING RESERVES
      (@ 0.5 %Cu cut-off)

      In situ grade Contained metal
      Cu Au Ag
      Class Tonnes (%Cu) (g/t Au) (g/t Ag) (Mlb) (oz) (oz)
      Minto main (zones 2,4,5,8)(i)
      Measured 7,060,000 1.98 0.71 8.07 309 160,000 1,832,000
      Indicated 2,000,000 1.06 0.31 4.72 47 19,700 304,000
      M+I 9,060,000 1.78 0.62 7.33 356 180,600 2,135,000
      Inferred 90,400 0.81 0.21 3.81 2 600 11,000
      Area 2
      Measured 3,578,000 1.56 0.62 5.48 123 71,000 630,000
      Indicated 4,018,000 0.99 0.36 3.26 88 47,000 421,000
      M+I 7,596,000 1.26 0.48 4.3 211 117,000 1,050,000
      Inferred 1,381,000 1.01 0.33 1.93 31 15,000 86,000
      Total Minto
      Measured 10,638,000 1.84 0.68 7.20 432 231,000 2,462,000
      Indicated 6,018,000 1.01 0.34 3.75 135 66,700 725,000
      M+I 16,656,000 1.54 0.56 5.95 567 297,600 3,185,000
      Inferred 1,471,400 1.00 0.32 2.05 33 15,600 97,000
      (i) From DFS

      MINTO AREA 2 MINERAL RESOURCE ESTIMATE EXCLUDING RESERVES
      (@ 0.5 %Cu cut-off)

      In situ grade Contained metal
      Cu Au Ag
      Class Tonnes (%Cu) (g/t Au) (g/t Ag) (Mlb) (oz) (oz)
      Measured 775,000 1.42 0.48 4.61 24 12,000 115,000
      Indicated 3,466,000 0.95 0.35 3.06 73 39,000 341,000
      M+I 4,241,000 1.04 0.37 3.34 97 51,000 456,000
      Inferred 1,381,000 1.01 0.33 1.93 31 15,000 86,000

      MINTO PROJECT MINERAL RESERVES
      (@ 0.62 %Cu cut-off)

      In situ grade Contained metal
      Cu Au Ag
      Class Tonnes (%Cu) (g/t Au) (g/t Ag) (Mlb) (oz) (oz)
      Main pit
      Proven 5,749,000 2.15 0.75 8.82 272.5 138,600 1,630,000
      Probable 350,000 1.22 0.50 5.98 9.4 5,600 67,000
      Total 6,099,000 2.10 0.74 8.66 281.9 144,300 1,698,000
      Area 2
      Proven 2,803,000 1.60 0.65 5.71 98.9 58,600 515,000
      Probable 552,000 1.22 0.44 4.48 14.8 7,800 80,000
      Total 3,355,000 1.54 0.62 5.51 113.7 66,400 594,000
      Total
      Proven 8,552,000 1.97 0.72 7.80 371.4 197,200 2,145,000
      Probable 902,000 1.22 0.46 5.06 24.3 13,400 147,000
      Total 9,454,000 1.90 0.69 7.54 395.6 210,600 2,292,000
      Avatar
      schrieb am 18.12.07 17:33:34
      Beitrag Nr. 17 ()
      PRESS RELEASE

      FOR IMMEDIATE RELEASE



      December 18, 2007 #07-37



      Sherwood Reports Phase 2 Mill Expansion at Minto Copper-Gold Mine Completed Ahead of Schedule

      Commissioning Underway; Higher Copper and Gold Production in 2008 & Beyond



      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) today announced that it has completed the Phase 2 mill expansion, from 1,563 tonnes per day to 2,400 tonnes per day, at its high grade Minto copper-gold mine (“Minto Mine”) ahead of schedule. Commissioning of the mill expansion is in progress and will continue into January, resulting in significant copper-gold production in 2008 and beyond.



      “The completion of the Phase 2 mill expansion at our Minto Mine, ahead of schedule, is a significant achievement in the current construction environment,” said Stephen Quin, President & CEO. “This should push our production well over 50 million pounds of copper in 2008, while the recently announced pre-feasibility study illustrates how additional production growth can be achieved. The achievement of this significant milestone is a credit to Sherwood’s operating personnel at the Minto Mine, Construction Managers JDS Energy & Mining, General Contractors Clark Builders, key contractors Gisbourne and Rees Electric and engineers Hatch Ltd. Pelly Construction is the mining contractor.”



      Phase 2 Mill Expansion

      As announced August 28, 2006, the detailed feasibility study set out a phased expansion of the process plant at the Minto Mine, with Phase 1 commissioning at a throughput rate of 1,563 tonnes per day followed by an expansion to accommodate increased throughput to 2,400 tpd approximately one year after operations commenced. On April 11, 2007, Sherwood announced its intent to accelerate the expansion of the Phase 2 mill expansion, targeting completion by the end of 2007. On May 31, 2007, Sherwood announced that Phase 1 was essentially complete, ahead of schedule. Commercial production was declared effective October 1, 2007. The Phase 2 mill expansion was completed on December 15, 2007, more than two weeks ahead of the accelerated schedule announced in April, and began processing ore that day. Commissioning of Phase 2 will continue through January 2008, with the principal focus being on ensuring sufficient capacity to handle the filtration of tailings and copper concentrates, since the current crushing, grinding and flotation capacity was sized up during the Phase 2 expansion to accommodate up to the 3,500 tonne per day capacity targeted in a Phase 3 expansion.



      The pre-feasibility study, the results of which were announced December 12, 2007, lays out the basis for a Phase 3 mill expansion, to 3,500 tonnes per day of throughput, and incorporates a significant portion of the Area 2 resources, resulting in a more than 40% increase in copper and gold production versus the detailed feasibility study. Exploration subsequent to the resource estimates used in the pre-feasibility study suggests additional potential beyond that laid out in the pre-feasibility study.



      Technical Report Filed

      A NI43-101 compliant Technical Report on the Phase 3 mill expansion and mining of the Area 2 deposit will be filed on SEDAR today and should be available for access under Sherwood’s profile at www.sedar.com within two days.



      Minto Project

      The Minto Mine is a high-grade open pit copper-gold deposit located in the Yukon Territory of Canada. Sherwood acquired the Minto Project in June 2005 and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing, and built a $100 million open pit copper-gold mine. Commercial production commenced on October 1, 2007. In parallel with these development activities, Sherwood has been running an exceptionally successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property. Sherwood plans to continue this “growth from within” strategy along with further operational optimizations in its relentless pursuit of value.



      Sherwood

      Sherwood’s successful consolidation of the ownership of the Minto Project provides a unique investment opportunity – participation in a high-grade, open pit copper-gold mine located in Canada with tremendous exploration potential on the property.



      Quality Assurance

      The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO for Sherwood Copper Corporation and Ian Berzins, P.Eng., General Manager of the Minto Mine.



      Additional Information

      Additional information on Sherwood and its Minto Project can be obtained on Sherwood’s website at http://www.sherwoodcopper.com.



      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION

      “Stephen P. Quin”

      Stephen P. Quin

      President & CEO











      For further information please contact Stephen Quin, President of Sherwood Copper Corp.

      or Brad Kopp or Kristy Reynolds at (604) 687-7545 or (888) 338-2200

      ** INTERNET ADDRESS: www.sherwoodcopper.com **
      Avatar
      schrieb am 25.12.07 09:54:12
      Beitrag Nr. 18 ()
      Sherwood Copper mail offer to acquire Western Keltic

      2007-12-24 15:36 ET - News Release

      Also News Release (C-WKM) Western Keltic Mines Inc

      Mr. Stephen Quin of Sherwood Copper reports

      SHERWOOD COPPER MAILS OFFER FOR WESTERN KELTIC MINES

      Sherwood Copper Corp. has mailed its offer to acquire all of the outstanding common shares of Western Keltic Mines Inc. The mailing of Sherwood's offer and takeover bid circular is accompanied by the directors' circular of the board of directors of Western Keltic in which the Western Keltic board unanimously recommends that shareholders of Western Keltic accept the offer and tender their common shares.

      Under the terms of the offer, Sherwood would acquire all the shares of Western Keltic through the issuance of 0.08 of a share of Sherwood for each share of Western Keltic. Based on the Nov. 23, 2007, closing price for the Sherwood shares, this equates to an approximate price of 47 cents per Western Keltic share. The consideration under the offer represented a premium of 53 per cent over Western Keltic's closing price on Nov. 23, 2007. On Dec. 21, 2007, the closing price of the Western Keltic shares on the TSX Venture Exchange was 39.5 cents and the closing price of the Sherwood shares on the TSX-V was $5.20.

      The board of directors of Western Keltic has unanimously determined that the offer is fair to the Western Keltic shareholders and that the offer is in the best interests of Western Keltic. Each director and certain officers and shareholders of Western Keltic have entered into written agreements to accept and tender their shares (representing a total of of approximately 17.7 million Western Keltic shares, being approximately 21.85 per cent of the outstanding Western Keltic shares; or approximately 28.4 million Western Keltic shares including shares that are issued or issuable upon the exercise of options and warrants) to Sherwood's offer.

      The offer is open for acceptance until 5 p.m. (Toronto time) on Jan. 29, 2008, and is subject to customary conditions including, without limitation, absence of adverse material changes, receipt of all necessary regulatory approvals and a minimum of 66-2/3 per cent of Western Keltic shares being tendered. Full details of the offer are contained in the takeover bid circular and directors' circular, which will be filed with the Canadian securities commissions and the United States Securities and Exchange Commission.

      Kingsdale Shareholder Services Inc. is the information agent for the offer.

      Early warning requirements under applicable securities laws

      As a result of the commencement and making of the offer and the rights made effective under the lockup agreements, Sherwood has been granted the right to acquire pursuant to the offer a total of 17,659,437 common shares of Western Keltic (28,363,687 common shares on a diluted basis assuming all of the options and warrants subject to the lockup agreements are exercised), which represents approximately 21.85 per cent of the outstanding common shares of Western Keltic (approximately 30.99 per cent of the common shares on a diluted basis assuming all and only all of the options and warrants subject to the lockup agreements are exercised). At present, Sherwood has commenced a takeover bid for all of the outstanding common shares of Western Keltic and intends to acquire 100 per cent of the outstanding common shares of Western Keltic subject to the terms and conditions set out in Sherwood's offer and takeover bid circular.

      Avatar
      schrieb am 14.01.08 18:23:12
      Beitrag Nr. 19 ()
      Sherwood drills extended Cu mineralization at Minto


      2008-01-14 09:06 ET - News Release

      Mr. Stephen Quin reports

      SHERWOOD INTERSECTS HIGH GRADE COPPER-GOLD MINERALIZATION AT AREA 118 AND COPPER KEEL, MINTO MINE

      Sherwood Copper Corp. has released the results for an additional 25 holes from its 101-hole drill program completed in the fall of 2007 at the high-grade Minto copper-gold mine in the Yukon. Highlights from the latest batch of results include further confirmation of high-grade copper-gold mineralization, where the area 118 and area 2 deposits join, further high grades from the Copper Keel South prospect, and near-surface mineralization at the Ridgetop East and Ridgetop West prospects. Highlights of these recent results are tabulated in the attached table. Complete results for the latest 25 holes are attached.........

      http://www.sherwoodcopper.com/s/NewsReleases.asp?ReportID=28…
      Avatar
      schrieb am 16.01.08 21:11:51
      Beitrag Nr. 20 ()
      Sherwood Copper names Weston as new COO


      2008-01-16 15:00 ET - News Release

      Mr. Stephen Quin reports

      SHERWOOD COPPER APPOINTS KEVIN WESTON AS CHIEF OPERATING OFFICER

      Sherwood Copper Corp. has appointed Kevin Weston as chief operating officer, responsible for all operational activities of the company.

      "The addition of Kevin Weston as chief operating officer significantly enhances our ability to pursue growth opportunities for Sherwood Copper, internally and externally," said Stephen Quin, president and chief executive officer. "Kevin brings a tremendous amount of operating experience in a wide variety of operating environments to Sherwood. His experience will be a great asset as we look to continue the value enhancement of our high-grade Minto copper-gold mine in the Yukon through further expansions in reserves and production and, should our offer for Western Keltic be successful, in the advancement of the Kutcho Creek project in British Columbia."

      Appointment of chief operating officer

      Mr. Weston has been appointed chief operating officer with Sherwood Copper, effective immediately. Mr. Weston's career encompasses 25 years of operating experience, most recently as vice-president and general manager with Breakwater Resources, responsible for the Myra Falls base-metal mine in British Columbia. Prior to that, Mr. Weston's experience includes periods leading a contract mining company, as a mining consultant and, most importantly, extensive experience in mining operations, including managing gold and base-metal mines in Canada and abroad, in open-pit and underground settings. These leadership positions built on prior experience as mill superintendent, mine superintendent, mine foreman, blasting engineer and mining engineer at a number of mining operations with senior and junior mining companies.

      Mr. Weston will primarily be focused on Sherwood's "relentless pursuit of value" through the continuing optimization and expansion of the Minto mine, the advancement of the Kutcho Creek property in B.C., assuming Sherwood's offer for Western Keltic (see Stockwatch news of Nov. 26, 2007) is successful, as well as other external growth opportunities.
      Avatar
      schrieb am 16.01.08 21:28:54
      Beitrag Nr. 21 ()
      Avatar
      schrieb am 30.01.08 13:17:37
      Beitrag Nr. 22 ()
      PRESS RELEASE

      FOR IMMEDIATE RELEASE



      January 30, 2008 #08-03



      Sherwood Copper Extends Offer for Western Keltic Mines to February 11, 2008

      82.23% of issued & outstanding shares validly deposited



      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation ("Sherwood") (SWC: TSX-V) today announced that 67,614,442 common shares of Western Keltic Mines Inc. ("Western Keltic") (representing approximately 82.23% of Western Keltic's issued and outstanding common shares) were validly deposited to the offer of Sherwood (the "Offer") for all of the outstanding common shares of Western Keltic (the "Western Keltic Shares") and not withdrawn as at 5:00 p.m. (Toronto time) on January 29, 2008.



      In order to allow for the remaining Western Keltic Shares to be tendered to the Offer, Sherwood has extended its Offer to acquire all of the outstanding Western Keltic for 0.08 of a common share of Sherwood for each Western Keltic Share to 5:00 p.m. (Toronto time) on February 11, 2008. All other terms and conditions contained in the Offer remain the same.



      A Notice of Extension has been filed with Computershare Investor Services Inc., the Depositary under the offer. The Notice of Extension will be mailed to Western Keltic shareholders and will be filed with the applicable securities regulators in Canada.



      Additional Information

      On December 24, 2007, Sherwood Copper filed an offer and take-over bid circular (the "Takeover Bid Circular") related to its Offer for the outstanding common shares of Western Keltic, which circular was accompanied by the directors' circular of the Board of Directors of Western Keltic (the "Directors' Circular") in which the Western Keltic board unanimously recommended that shareholders of Western Keltic accept the offer and tender their common shares. Investors and securityholders of Western Keltic are strongly encouraged to read the terms and conditions of the Offer and the additional information in the Take-over Bid circular as well as the Directors' Circular mailed on December 24, 2007 and filed on SEDAR for additional details. Kingsdale Shareholder Services Inc. is the information agent for the Offer. If you have any questions, please do not hesitate to contact Kingsdale Shareholder Services Inc. toll-free in North America at 1-866-639-8111.



      Sherwood has engaged Dundee Securities Corporation as its financial advisor and DuMoulin Black LLP as its legal advisor in respect of this transaction.



      Notice to U.S. Shareholders o/Western Keltic

      As a result of restrictions under United States securities laws, no Sherwood shares will be delivered in the United States or to or for the account or for the benefit of a person in the United States, unless Sherwood is satisfied that the investment decision is being made in Idaho, Iowa, Kansas, Maine, Michigan, Minnesota, Missouri, Nevada, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota or Vermont, and that all required regulatory approvals have been received. Western Keltic shareholders with investment decisions made in any other U.S. state or jurisdiction, or in a state named above in which Sherwood is not ultimately satisfied that all required regulatory approvals have been received who would otherwise receive Sherwood shares in exchange for their Western Keltic shares may, at the sole discretion of Sherwood, have such Sherwood shares issued on their behalf to a selling agent, which shall, as agent for such Western Keltic shareholders (and without liability, except for gross negligence or wilful misconduct), sell such Sherwood shares on their behalf over the facilities of the TSX-V and have the net proceeds of such sale, less any applicable brokerage commissions, other expenses and withholding taxes, delivered to such shareholders. The Offer is being made for the securities of a Canadian issuer and the Offer and Take-over Bid Circular have been prepared in accordance with the disclosure requirements of Canada. Western Keltic shareholders should be aware that such requirements are different from those of the United States. The financial statements included or incorporated by reference in the Offer and Take-over Bid Circular have been prepared in accordance with Canadian generally accepted accounting principles, and are subject to Canadian auditing and auditor independence standards, and thus may not be comparable to financial statements of United States companies. The enforcement by Western Keltic shareholders of civil liabilities under the United States federal securities laws may be affected adversely by the fact that Sherwood is incorporated under the laws of Canada, that some or all of its officers and directors may be residents of jurisdictions outside the United States, that some or all of the experts named in the Offer and Take-over Bid Circular may be residents of jurisdictions outside the United States and that all or a substantial portion of the assets of Sherwood and said persons may be located outside the United States. You should be aware that Sherwood may, subject to compliance with applicable laws, purchase Western Keltic shares otherwise than under the Offer, such as in open market purchases or privately negotiated purchases.



      About Sherwood Copper

      Sherwood has 100% ownership of the high-grade open pit Minto copper-gold mine located in the Yukon Territory of Canada. Sherwood acquired the Minto Project in June 2005 and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing, and built a $100 million open pit copper-gold mine. Commercial production commenced on October 1, 2007. In parallel with these development activities, Sherwood has been running a very successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property. A recent pre-feasibility indicates how production at the project could be increased as a result of exploration success. Sherwood plans to continue this "growth from within" strategy, along with further operational optimizations, in its relentless pursuit of value. In parallel, assuming the successful acquisition of Western Keltic Mines, Sherwood intends to evaluate development options for Western Keltic’s Kutcho Creek high grade copper-zinc-silver deposit in North-western British Columbia with the objective of developing a second, profitable production centre at Kutcho Creek.



      Additional Information

      Additional information on Sherwood and its Minto Project can be obtained on Sherwood’s website at http://www.sherwoodcopper.com.



      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION

      “Stephen P. Quin”

      Stephen P. Quin

      President & CEO





      For further information please contact Stephen Quin, President of Sherwood Copper Corp.

      or Brad Kopp or Kristy Reynolds at (604) 687-7545 or (888) 338-2200

      ** INTERNET ADDRESS: www.sherwoodcopper.com **
      Avatar
      schrieb am 07.02.08 18:24:37
      Beitrag Nr. 23 ()
      Avatar
      schrieb am 12.02.08 10:04:20
      Beitrag Nr. 24 ()
      PRESS RELEASE

      FOR IMMEDIATE RELEASE



      February 11, 2008 #08-04



      Sherwood Takes up 85.6% of Western Keltic Shares & Extends Offer for Remaining Shares



      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation ("Sherwood") (SWC: TSX-V) today announced that 70,486,897 common shares of Western Keltic Mines Inc. ("Western Keltic") (representing approximately 85.6% of Western Keltic's issued and outstanding common shares) were validly deposited to the offer of Sherwood (the "Offer") for all of the outstanding common shares of Western Keltic (the "Western Keltic Shares") and not withdrawn as at 5:00 p.m. (Toronto time) on February 11, 2008. This result represents overwhelming support for the Offer and Sherwood has taken up and accepted for payment all of such shares tendered. Sherwood intends to issue Sherwood common shares in payment for the tendered Western Keltic common shares on or before February 14, 2008.



      Offer for Remaining Shares Extended

      In order to allow for the remaining Western Keltic Shares to be tendered to the Offer, Sherwood has extended its Offer to acquire all of the remaining Western Keltic shares for 0.08 of a common share of Sherwood for each Western Keltic Share to 5:00 p.m. (Toronto time) on February 21, 2008. This extension will also permit holders of certain warrants, options and other similar securities of Western Keltic to exercise their warrants, options and similar securities and tender their Western Keltic common shares to the Offer, thereby facilitating the ability of those holders to receive Sherwood common shares.



      A Notice of Extension has been filed with Computershare Investor Services Inc., the Depositary under the offer. The Notice of Extension will be mailed to Western Keltic shareholders and will be filed with the applicable securities regulators in Canada.



      Early Warning Requirements under Applicable Securities Laws

      As a result of the taking up and acceptance of payment of the Western Keltic Shared deposited to the Offer, Sherwood has acquired an aggregate of 70,486,897 common shares of Western Keltic, which represents approximately 85.6% of the outstanding common shares of Western Keltic. At present, Sherwood has extended its takeover bid for all of the outstanding common shares of Western Keltic and intends to acquire 100% of the outstanding common shares of Western Keltic subject to the terms and conditions set out in Sherwood's Offer and Take-Over Bid Circular. A copy of the early warning report filed pursuant to the applicable securities legislation is available online at www.sedar.com under Western Keltic's profile or may be obtained by contacting Sherwood at 860-625 Howe Street Vancouver, BC V6C 2T6, tel (604) 687-7545, fax (604) 689-5041.



      Additional Information

      On December 24, 2007, Sherwood filed an offer and take-over bid circular (the "Take-over Bid Circular") related to its Offer for the outstanding common shares of Western Keltic, which circular was accompanied by the directors’ circular of the Board of Directors of Western Keltic (the "Directors' Circular") in which the Western Keltic board unanimously recommended that shareholders of Western Keltic accept the offer and tender their common shares. On January 29, 2008, Sherwood extended the expiry time of its Offer from 5:00 p.m. (Toronto time) on January 29, 2008 to 5:00 p.m. (Toronto time) on February 11, 2008. Investors and securityholders of Western Keltic are strongly encouraged to read the terms and conditions of the Offer and the additional information in the Take-over Bid circular as well as the Directors' Circular mailed on December 24, 2007 and filed on SEDAR for additional details.



      Kingsdale Shareholder Services Inc. is the information agent for the Offer. If you have any questions, please do not hesitate to contact Kingsdale Shareholder Services Inc. toll-free in North America at 1-866-639-8111.



      About Sherwood Copper



      Sherwood has 100% ownership of the high-grade open pit Minto copper-gold mine located in the Yukon Territory of Canada. Sherwood acquired the Minto Project in June 2005 and, in just two years from its acquisition, completed a bankable feasibility study, arranged project financing, and built a $100 million open pit copper-gold mine. Commercial production commenced on October 1, 2007. In parallel with these development activities, Sherwood has been running a very successful exploration program that has resulted in multiple discoveries of high grade copper-gold mineralization across its Minto Mine property. A recent pre-feasibility indicates how production at the project could be increased as a result of this exploration success. Sherwood plans to continue this "growth from within" strategy, along with further operational optimizations, in its relentless pursuit of value.



      Notice to U.S. Shareholders of Western Keltic



      As a result of restrictions under United States securities laws, no Sherwood shares will be delivered in the United States or to or for the account or for the benefit of a person in the United States, unless Sherwood is satisfied that the investment decision is being made in Idaho, Iowa, Kansas, Maine, Michigan, Minnesota, Missouri, Nevada, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota or Vermont, and that all required regulatory approvals have been received. Western Keltic shareholders with investment decisions made in any other U.S. state or jurisdiction, or in a state named above in which Sherwood is not ultimately satisfied that all required regulatory approvals have been received who would otherwise receive Sherwood shares in exchange for their Western Keltic shares may, at the sole discretion of Sherwood, have such Sherwood shares issued on their behalf to a selling agent, which shall, as agent for such Western Keltic shareholders (and without liability, except for gross negligence or willful misconduct), sell such Sherwood shares on their behalf over the facilities of the TSX-V and have the net proceeds of such sale, less any applicable brokerage commissions, other expenses and withholding taxes, delivered to such shareholders.



      The Offer is being made for the securities of a Canadian issuer and the Offer and Take-over Bid Circular have been prepared in accordance with the disclosure requirements of Canada. Western Keltic shareholders should be aware that such requirements are different from those of the United States. The financial statements included or incorporated by reference in the Offer and Take-over Bid Circular have been prepared in accordance with Canadian generally accepted accounting principles, and are subject to Canadian auditing and auditor independence standards, and thus may not be comparable to financial statements of United States companies.



      The enforcement by Western Keltic shareholders of civil liabilities under the United States federal securities laws may be affected adversely by the fact that Sherwood is incorporated under the laws of Canada, that some or all of its officers and directors may be residents of jurisdictions outside the United States, that some or all of the experts named in the Offer and Take-over Bid Circular may be residents of jurisdictions outside the United States and that all or a substantial portion of the assets of Sherwood and said persons may be located outside the United States.



      You should be aware that Sherwood may, subject to compliance with applicable laws, purchase Western Keltic shares otherwise than under the Offer, such as in open market purchases or privately negotiated purchases.





      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION

      “Stephen P. Quin”

      Stephen P. Quin

      President & CEO



      Investor Contacts:

      Sherwood Copper:

      Stephen P. Quin 604.687-7545 or Brad Kopp 604-687-7545
      Avatar
      schrieb am 16.02.08 11:23:15
      Beitrag Nr. 25 ()





      February 15, 2008
      Sherwood Announces $7.2 million Flow-through Financing

      --------------------------------------------------------------------------------

      Proceeds to be used for exploration at Kutcho Project and Minto Mine

      Not for distribution to United States newswire services or for dissemination in the United States

      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSXV) today announced that it intends to complete a non-brokered private placement of up to 1,200,000 flow through shares priced at C$6.00 for aggregate proceeds of C$7,200,000. Proceeds will be used to incur Canadian Exploration Expenditures in advancing the high grade Kutcho copper-zinc project of Western Keltic Mines Inc. ("Western Keltic") in British Columbia towards a production decision and at the Minto Mine in the Yukon. Sherwood recently acquired control of Western Keltic, as announced February 11, 2008.

      "This financing will provide the necessary funds to begin advancing the Kutcho project towards a production decision," said Stephen Quin, President & CEO of Sherwood Copper. "In addition to an infill drill program designed to upgrade the current resource, feasibility related work will commence shortly with the objective of defining a robust, low cost mining operation," he added. "In parallel, Sherwood will shortly be commencing its 2008 exploration program at the Minto Mine, with the objective of following up on its exploration successes from 2007."

      The offering is scheduled to close on or about March 4, 2008 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange, and other applicable securities regulatory authorities.

      The securities being offered have not and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States or to U.S. persons without registration unless an exemption from registration is available. This news release does not constitute an offer for sale of securities in the United States.

      About Sherwood Copper
      Sherwood's successful consolidation of the ownership of the Minto project provides a unique investment opportunity -- participation in a high-grade, open pit copper-gold mine located in Canada with tremendous exploration upside. Aggressive exploration, in parallel with successful mine development and operations, provides Sherwood the opportunity to grow from within through resource and reserve additions in pursuit of further production expansions. Sherwood plans to continue this "growth from within" strategy, along with further operational optimizations and the pursuit of merger & acquisition opportunities, in its relentless pursuit of value.

      Additional Information

      Additional information on Sherwood and its Minto Project can be obtained on Sherwood's website at http://www.sherwoodcopper.com.

      ON BEHALF OF THE BOARD OF DIRECTORS
      SHERWOOD COPPER CORPORATION
      "Stephen P. Quin"
      Stephen P. Quin
      President & CEO
      Avatar
      schrieb am 25.02.08 13:16:06
      Beitrag Nr. 26 ()


      Feb 25, 2008 07:00 ET
      Sherwood Reports 2007 Production Results & 2008 Production Estimate for Minto Mine
      Higher Production Increases Exposure to Current High Metal Prices while Downside is Protected


      VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2008) - Sherwood Copper Corporation (TSX VENTURE:SWC)(TSX VENTURE:SWC.DB) today announced its operating results for 2007, which included production of 9.66 million pounds of copper in concentrate including 5.35 million pounds of copper in the fourth quarter of 2007. This production level is less than set out in the 2006 detailed feasibility study ("DFS") but in line with revised forecasts set out in the 2007 pre-feasibility study ("PFS") as a result of decisions to (1) process lower grades during the commissioning and ramp up of the mill in order to avoid unnecessary metal losses until recoveries reached design levels and, (2) to construct the Phase 2 mill expansion earlier than contemplated in the DFS, resulting in some production being deferred into 2008 as the plant expansion was constructed and tied in.

      In addition, Sherwood announced its production estimate for 2008 of approximately 55 million pounds of payable copper and 24,000 oz of payable gold, significantly higher than projected in its 2006 DFS, as a result of (1) completing the Phase 2 mill expansion earlier than planned and (2) further optimization of the open pit schedule for 2008, resulting in higher grade ore being processed sooner. In fact, for the next several months, grades mined from the pit are forecast to exceed 4% copper, but mill feed will likely be capped at 4% copper in order to not overload the circuit with too much concentrate.

      "Our copper & gold production from the high grade Minto copper-gold mine was very close to the revised target for the entire year and in the first quarter of commercial production," said Stephen Quin, President & CEO. "This is a tremendous achievement for our operating personnel, especially given the challenges inherent in commissioning a new mine and in tying in the Phase 2 mill expansion while still operating the mine," he added. "Further, Sherwood has been successful in advancing a number of project optimizations to the point that they could be brought into our production plans, boosting metal production estimates for 2008 and beyond. Additional opportunities for further enhancements and increases in production are still being evaluated as part of Sherwood's relentless pursuit of value."

      Sherwood Objectives

      Sherwood's objective for the Minto Mine is twofold: firstly to aggressively increase reserves and production in a staged manner, resulting in a natural dehedging through increased production and, secondly, to continually optimize and improve the production profile and costs of operation through its relentless pursuit of value. In both of these areas, Sherwood has made considerable progress since the DFS was published in mid-2006, but continues to strive to extract maximum value from its Minto Mine to the benefit of all stakeholders, as discussed below. In addition, Sherwood recently acquired a controlling interest in Western Keltic Mines, which owns the high grade Kutcho copper-zinc-silver-gold project in NW British Columbia. Based on what is a very similar scale of project, this acquisition provides Sherwood with the opportunity to repeat its experience at Minto to repeat the successful optimization, construction and operation at Kutcho.

      Forward Sales

      As a result of the expanded production profile outlined in the recently completed PFS, forward sales now account for approximately 50% of the next four years production and approximately 32% of current life-of-mine production. This represents a marked decrease in forward sales from the previously forecast 75% of its metal production in the first four years based on production levels set out in the original DFS. A decrease in forward sales provides Sherwood with increased exposure to current high spot prices for copper, gold and silver. The percentage forward sold excludes any consideration of potential production from the Kutcho project, which is entirely unhedged. Details of the current forward sales positions on a quarterly basis are attached to this press release.

      2007 Operating Results

      Key operating statistics for the Minto Mine in the third and fourth quarters of 2007, and for the entire year (including waste stripping for the entire 12 months and limited concentrate production in the second quarter of 2007), are presented below. All costs and production prior to October 1, 2007 were capitalized, and commercial operations commenced on October 1, 2007.


      http://www.marketwire.com/mw/release.do?id=824794&k=SWC.v


      :eek::eek::eek::eek: :D
      Avatar
      schrieb am 25.02.08 13:22:51
      Beitrag Nr. 27 ()
      SWC - V 3.7 5.26 · 5.39 1.0 5.32
      Avatar
      schrieb am 26.02.08 10:03:43
      Beitrag Nr. 28 ()
      Dear Investors,



      The BMO Capital Markets 2008 Global Resources Conference is currently underway in Hollywood, Florida and Sherwood Copper Corp. presented on Monday February 25th, 2008.



      Stephen Quin, President and CEO of Sherwood, presented at 11:30 AM at the Westin Diplomat. Archives of the audio webcast are now available on BMO's website and can be accessed by clicking on the link below or copying and pasting it into your web browser. After you click on the link, please scroll down the page to the ‘Minor Miners’ section and click on the Sherwood Copper Corp. link.



      http://audability.com/AudabilityAdmin/Clients/BMO/10571_2252…



      For further details on our Company, please visit our website at www.sherwoodcopper.com or contact us at the phone number or email address below.





      Best Regards,





      Investor Relations

      Sherwood Copper Corp.

      860-625 Howe Street

      Vancouver, BC

      V6C 2T6

      T: 604.687.7545

      F: 604.689.5041

      info@sherwoodcopper.com
      Avatar
      schrieb am 07.04.08 16:50:47
      Beitrag Nr. 29 ()
      Sherwood to acquire rest of Western Keltic shares


      2008-04-07 09:43 ET - News Release

      Also News Release (C-WKM) Western Keltic Mines Inc


      Mr. Stephen Quin of Sherwood reports

      SHERWOOD COPPER AND WESTERN KELTIC ANNOUNCE PLANNED BUSINESS COMBINATION

      Sherwood Copper Corp. and Western Keltic Mines Inc. intend, subject to receipt of all necessary approvals, to complete a business combination between Sherwood and Western Keltic to be carried out by way of statutory plan of arrangement of Western Keltic whereby Sherwood will acquire all of the issued shares of Western Keltic and Western Keltic will become a wholly owned subsidiary of Sherwood.

      Sherwood currently owns a total of 76,777,214 Western Keltic common shares, representing approximately 93 per cent of the outstanding Western Keltic shares, which shares were acquired under Sherwood's offer for all of the outstanding Western Keltic shares first announced in Stockwatch on Dec. 24, 2007, and in subsequent extensions thereof. The proposed transaction constitutes the second step transaction, as contemplated under the offer, by which Sherwood intends to acquire all of the remaining Western Keltic shares not already owned by Sherwood.

      The proposed transaction is expected to complete in May, 2008, and is subject to certain conditions including receipt of all necessary court and shareholder approvals and dissent rights to the arrangement shall not have been exercised prior to the effective date of the arrangement by holders of Western Keltic shares representing in the total 1 per cent or more of outstanding Western Keltic shares at such time. It is anticipated that a special meeting of shareholders of Western Keltic will be held on May 21, 2008, to approve the proposed transaction and that the record date for determining Western Keltic shareholders entitled to receive notice of and vote at such meeting will be April 21, 2008. Under applicable law, Sherwood is entitled to and will vote the Western Keltic shares it owns in favour of the transaction at the meeting. At least 66-2/3 per cent of the votes cast by Western Keltic shareholders in person or by proxy at the meeting in favour of the arrangement is required at the meeting to pass a special resolution approving the arrangement.

      Under the terms of the arrangement, each Western Keltic shareholder will be entitled to 0.08 of one Sherwood share for every one Western Keltic share held, being the same ratio as in the offer. Sherwood will issue options and warrants to holders of all of Western Keltic's outstanding options and warrants to acquire shares of Sherwood comparable to those previously held to acquire shares of Western Keltic, the number of shares received upon exercise and the exercise price of such Western Keltic securities to be adjusted proportionately to reflect the exchange ratio described above.
      Avatar
      schrieb am 26.04.08 21:22:46
      Beitrag Nr. 30 ()
      Sherwood Copper grants options to buy 275,000 shares


      2008-04-18 17:51 ET - Options Proposed

      Mr. Stephen Quin reports

      SHERWOOD GRANTS STOCK OPTIONS

      Sherwood Copper Corp. has granted a total of 275,000 incentive stock options to a director and employees of the company at prices ranging from $5 per share to $5.60 per share, including 75,000 to a new director at $5.60 per share.
      Avatar
      schrieb am 16.07.08 21:19:27
      Beitrag Nr. 31 ()
      Die vorläufigen Kutchu Explorationsdaten waren doch im Rahmen der Erwartungen oder habe ich etwas übersehen?

      Heute hat SWC stark nachgegeben, nachdem der September Kupferkontrakt im Rahmen eingetrübter wirtschaftlicher Wachstumsprognosen korrigierte. Zu weiteren Hintergründen wie der sinkenden chin. Kupfereinfuhren s. http://www.bloomberg.com/apps/news?pid=20601012&sid=aPiR6.qJ….
      Avatar
      schrieb am 25.07.08 17:45:53
      Beitrag Nr. 32 ()
      PRESS RELEASE

      FOR IMMEDIATE RELEASE



      July 25, 2008 #08-29



      Sherwood Copper Reports Phase 3 Mill Throughput Increase to 3,200tpd Approved by Regulators

      Accelerated Mining and Processing of High Grade Minto Main Copper-Gold Deposit to Commence early-2009



      VANCOUVER, BRITISH COLUMBIA - Sherwood Copper Corporation (SWC: TSX-V) today announced that the Government of Yukon, Department of Energy, Mines and Resources, has approved an amendment to its Quartz Mining License that permits an increase in the approved mining rate and mill throughput for its high grade Minto copper-gold mine located in the Yukon. This approval follows a designated office assessment under the Yukon Environmental and Socio-economic Assessment Act. The permit amendment permits Sherwood’s wholly owned subsidiary, Minto Explorations Ltd. (“MintoEx”), to mine and process ore from the Minto Main deposit at an annualized average rate of 3,200 tonnes per day (tpd) of ore, an increase of 28% over the previous limit of 2,500 tpd. No other approvals are required and Sherwood is targeting the implementation of the higher throughput rate by year-end 2008. Capital requirements are minimal.



      MintoEx applied for a Phase 3 increase in mining and milling rates to 3,200 tpd of ore on April 30, 2008 as an interim step to a broader amendment application that would encompass the mining of the Area 2 deposit (as set out in the Pre-feasibility Study, the results of which were announced on December 12, 2007) and possibly other deposits, such as Area 118 and Ridgetop, at the high grade Minto copper-gold mine. Such an application will almost certainly include a further increase in the rate of mining and processing of ore. However, this interim step allows Sherwood to mine the fully permitted Main deposit on an accelerated basis while it is addressing the more comprehensive application for the mining and processing of ore from new areas.



      “Sherwood appreciates Yukon’s regulators and Selkirk First Nation’s expeditious review of our application to increase our mining and processing rate for the high grade main pit at the Minto Mine,” said Stephen Quin, President & CEO. “By grinding the ore coarser (which testing shows should not negatively affect recoveries) and spending less than $3 million in capital, we hope to be processing at a rate 28% higher than previously forecast throughout 2009, and beyond,” he said. “We are now turning our focus to the preparation and filing of a larger permit amendment application to allow mining and processing of other high grade-copper gold deposits discovered and defined at the Minto Mine, which application will be filed as soon as all of the required information required is available.”



      Capital expenditures to implement the Phase 3 mill expansion are estimated to be less than $3 million and were included in the new capital expenditures previously announced on July 22, 2008. The increased plant throughput can largely be handled by the existing process facilities as a result of better than forecast performance of the existing plant, combined with coarser grinding that enhances equipment performance. The principal plant modifications, aside from minor piping and pumping changes to increase capacity, include the addition of new concentrate thickener to handle the larger volumes of concentrate and crusher modifications to increase throughput and availability.



      A new production schedule, including the previously announced rescheduling of the open pit and processing at 3,200 tpd of throughput, will be outlined in a technical report expected to be filed on SEDAR before the end of July 2008.



      About Sherwood Copper

      Sherwood Copper’s objective is the profitable production of base and precious metals from high grade, open pit mines in Canada. Sherwood’s first operating mine, the high grade Minto copper-gold mine in Yukon, Canada, was built on budget and ahead of schedule. The Minto Mine is one of the highest-grade open pit copper-gold mines in the world, and is forecast to be a low cost producer. Aggressive exploration on the Minto property has yielded significant success, providing Sherwood the opportunity to ‘grow from within’ by expanding the resource and reserve base, potentially leading to further production increases. To further accelerate its production growth, Sherwood intends to pursue merger & acquisition opportunities that fit its business model and, in May 2008, Sherwood acquired 100% ownership in Western Keltic Mines (now Kutcho Copper Corp.), owner of the high-grade Kutcho copper-zinc-gold-silver deposit in northwestern British Columbia. Sherwood intends to lever off its successful development of the Minto Mine and advance the Kutcho project to a production decision.



      Quality Assurance

      The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO and Kevin Weston, Chief Operating Officer for Sherwood Copper Corporation.



      Additional Information

      Additional information on Sherwood and its Minto & Kutcho projects can be obtained on Sherwood’s website at http://www.sherwoodcopper.com.



      On behalf of the board of directors

      SHERWOOD COPPER CORPORATION

      “Stephen P. Quin”

      Stephen P. Quin

      President & CEO



      Investor Contacts:

      Stephen P. Quin 604.687-7545 or Chris Curran 604-687-7545
      Avatar
      schrieb am 29.10.08 17:59:05
      Beitrag Nr. 33 ()
      Capstone, Sherwood sign combination agreement

      2008-10-10 10:50 ET - News Release

      See News Release (C-CS) Capstone Mining Corp

      Mr. Darren Pylot of Capstone reports

      CAPSTONE AND SHERWOOD SIGN COMBINATION AGREEMENT

      Further to the joint news releases in Stockwatch Sept. 8 and Sept. 18, 2008, from Sherwood Copper Corp. and Capstone Mining Corp., the companies have entered into a combination agreement dated as of Oct. 9, 2008, pursuant to which the companies will combine, by way of plan of arrangement, to create a well-financed, low-cost, growth-oriented, copper company with two producing mines in mining friendly jurisdictions in North America. A copy of the combination agreement is available on SEDAR under the companies' respective profiles.

      As previously disclosed, the special meeting of Sherwood's shareholders will be held in the offices of Sherwood's counsel, Dumoulin Black LLP, on the 10th floor of 595 Howe St., Vancouver, B.C., at 10 a.m. on Nov. 14, 2008. Additional information will be provided in the information circular to be mailed to Sherwood's shareholders in late October, 2008.
      Avatar
      schrieb am 29.10.08 17:59:31
      Beitrag Nr. 34 ()
      Sherwood Copper drills 68.8 m of 0.65% Cu at Minto

      2008-10-15 06:42 ET - News Release

      Mr. Stephen Quin reports

      SHERWOOD REPORTS WIDE INTERCEPTS OF NEAR SURFACE COPPER-GOLD AT MINTO MINE

      Sherwood Copper Corp. has released the results for a further 23 drill holes from its 2008 exploration program at the high-grade Minto copper-gold mine in Yukon. Highlights from this latest batch of results include multiple intercepts of thick, near-surface, good-grade copper-gold mineralization at Ridgetop, within which there are significant subintervals with much higher grades. Also reported are more excellent results from area 118.

      Highlights from this latest batch of 23 holes are summarized in the attached table, while complete assay results for the 23 holes reported herein are attached.

      Inter- Inter-
      From To val val Copper Gold Silver
      Hole ID Target area (m) (m) (m) (ft) (%) (g/t) (g/t)

      08SWC-327 "Ridgetop 31.5 79.0 47.5 155.8 0.79 0.14 1.6
      East"
      including 31.5 42.1 10.6 34.8 1.75 0.11 2.1
      08SWC-332 "Area 118" 221.5 227.0 5.5 18.0 3.29 1.90 13.9
      08SWC-334 "Ridgetop 37.1 93.6 56.5 185.4 0.77 0.11 1.3
      East"
      including 37.1 51.4 14.3 46.9 1.80 0.07 1.4
      08SWC-335 "Ridgetop 43.2 86.4 43.2 141.7 0.92 0.78 2.1
      East"
      including 78.2 86.4 8.2 26.9 2.20 4.00 8.9
      08SWC-338 "Ridgetop 56.8 104.2 47.4 155.5 0.81 0.28 2.0
      East"
      including 85.7 94.0 8.3 27.2 2.02 1.18 5.4
      08SWC-346 "Ridgetop 59.4 109.3 49.9 163.7 0.70 0.21 1.9
      East"
      including 59.4 67.4 8.0 26.2 2.16 0.83 5.2
      08SWC-356 "Ridgetop 54.3 123.1 68.8 225.7 0.65 0.16 1.3
      East"
      including 54.3 57.6 3.3 10.8 3.04 0.41 3.3
      08SWC-384 "Area 118" 97.5 121.4 23.9 78.4 1.30 pending 2.6
      including 100.4 106.1 5.7 18.7 2.31 pending 5.0
      08SWC-387 "Area 118" 30.9 35.9 5.0 16.4 1.52 pending 3.7

      "Exploration drilling in the Ridgetop area of the high-grade Minto mine copper-gold mine continues to yield wide intercepts of near-surface, good-grade copper-gold mineralization," said Stephen Quin, president and chief executive officer of Sherwood Copper and Minto Explorations. "The latest results continue to infill and expand the Ridgetop mineralization to the east, where it remains open," he said. "The mineralization at Ridgetop typically comprises two high-grade zones of copper-gold mineralization within a broader envelope of more moderate grades, which outcrops and dips at a shallow angle to the east. This should provides two development options for consideration: continued focus on high grades at more moderate tonnages, or a bulk-tonnage scenario with large volumes of good-grade, low-strip-ratio copper-gold mineralization; these options will be evaluated in the next phase of technical studies that are currently under way."

      In addition to the excellent Ridgetop results, drilling in area 118 continues to confirm the continuity of this high-grade zone of copper-gold mineralization, while hole 08SWC-384 suggests the mineralization is still open to the northwest, where it was previously thought to be closed off. The principal area 118 horizon would appear to be faulted up, closer to surface in this region and will require more follow-up.

      2008 drill program

      The 2008 drill program is complete, with 120 holes drilled for a total of 23,840 metres, accomplishing the primary objective of expanding the known resources at area 2, area 118 and Ridgetop deposits, and increasing the confidence in those mineral resources in support of a prefeasibility study which has commenced and is planned for completion by mid-2009. The aim is to convert as much of the current mineral resources defined in 2007 and the new resources defined in 2008 to mineral reserves to support further increase mill throughput.

      Copper and gold assay results have been received for 89 of 118 holes (two holes were abandoned); results for 23 of which are reported herein. Exploration personnel have now started work on new resource estimates for each deposit, the results of which are expected to be released early in 2009. These new estimates will provide the basis for the updated prefeasibility study discussed above.

      2008 DRILL STATISTICS -- MINTO PROPERTY

      Drill area and 2008 2008 Assay data Assay data
      type of hole phase 1 phase 2 released(i) pending

      Exploration holes
      Airstrip SW 0 1 1 0
      Airstrip C 0 0 0 0
      Area 2 0 14 14 0
      Area 118 0 31 29 2
      Area 118 SW 3 0 3 0
      Regional picture 0 3 1 2
      Copper Keel 0 4 3 1
      Gap 1 0 1 0
      Minto Valley 13 0 13 0
      Ridgetop 0 47 23 24
      Ridgetop W 0 3 3 0
      17 103 91 29
      Summary

      Number of holes to date: 120
      Number of metres to date: 23,840

      DETAILS OF DRILL RESULTS

      Inter- Inter- Cop-
      Hole ID From To val val per Gold Silver
      and target Comments (m) (m) (m) (ft) (%) (g/t) (g/t)

      08SWC-270 -- 326 Assays previously released
      08SWC-327 31.5 79.0 47.5 155.8 0.79 0.14 1.6
      "Ridgetop East" including 31.5 42.1 10.6 34.8 1.75 0.11 2.1
      including 35.8 42.1 6.3 20.7 2.20 0.14 2.2
      and 64.6 73.6 9.0 29.5 1.27 0.50 3.7
      08SWC-328 -- 330 Assays previously released
      08SWC-331 51.6 57.4 5.8 19.0 0.76 0.23 2.3
      "Ridgetop East"
      08SWC-332 6.5 18.9 12.4 40.7 0.48 0.04 1.4
      "Area 118" and 174.2 184.1 9.9 32.5 0.47 0.10 1.7
      and 221.5 227.0 5.5 18.0 3.29 1.90 13.9
      08SWC-333 52.4 56.6 4.2 13.8 1.41 0.48 4.9
      "Ridgetop East"
      08SWC-334 37.1 93.6 56.5 185.4 0.77 0.11 1.3
      "Ridgetop East" including 37.1 51.4 14.3 46.9 1.80 0.07 1.4
      including 37.1 42.7 5.6 18.4 2.50 0.09 2.4
      08SWC-335(i) 43.2 86.4 43.2 141.7 0.92 0.78 2.1
      "Ridgetop East" including 78.2 86.4 8.2 26.9 2.20 4.00 8.9
      08SWC-336 Assays previously released
      "Ridgetop West"
      08SWC-337 57.3 73.1 15.8 51.8 0.79 0.31 2.1
      "Ridgetop East" including 57.3 61.5 4.2 13.8 1.51 0.59 4.3
      08SWC-338 56.8 104.2 47.4 155.5 0.81 0.28 2.0
      "Ridgetop East" including 56.8 68.8 12.0 39.4 1.06 0.07 2.0
      and 85.7 104.2 18.5 60.7 1.28 0.67 3.5
      including 85.7 94.0 8.3 27.2 2.02 1.18 5.4
      08SWC-339 -- 342 Assays previously released
      08SWC-343 40.2 91.5 51.3 168.3 0.25 0.06 0.8
      "Ridgetop East" including 40.2 51.7 11.5 37.7 0.60 0.20 1.7
      and 89.2 91.5 2.3 7.5 0.76 0.18 2.4
      08SWC-344 Assays previously released
      "Ridgetop West"
      08SWC-345 53.5 94.9 41.4 135.8 0.61 0.15 1.5
      "Ridgetop East" including 53.5 66.1 12.6 41.3 1.01 0.30 2.2
      08SWC-346 59.4 109.3 49.9 163.7 0.70 0.21 1.9
      "Ridgetop East" including 59.4 71.8 12.4 40.7 1.80 0.62 4.2
      including 59.4 67.4 8.0 26.2 2.16 0.83 5.2
      08SWC-347 Assays previously released
      "Ridgetop East"
      08SWC-348 57.4 104.0 46.6 152.9 0.59 pending pending
      "Ridgetop East" including 91.4 104.0 12.6 41.3 1.34 pending pending
      including 91.4 100.6 9.2 30.2 1.63 pending pending
      08SWC-349 72.8 125.0 52.2 171.3 0.46 0.12 1.0
      "Ridgetop East" including 83.8 94.6 10.8 35.4 1.32 0.48 3.6
      08SWC-350 11.5 37.2 25.7 84.3 0.37 0.02 0.6
      "Area 118 South" and 235.3 251.3 16.0 52.5 0.71 pending 3.1
      08SWC-351 64.0 107.2 43.2 141.7 0.41 0.08 0.8
      "Ridgetop East" including 64.0 75.00 11.0 36.1 1.15 0.28 2.2
      and 99.4 107.2 7.8 25.6 0.65 0.02 0.8
      including 99.4 102.1 2.7 8.9 1.37 0.04 0.9
      08SWC-352 16.1 34.9 18.8 61.7 0.44 0.07 2.3
      "Area 118 South" including 16.1 20.3 4.2 13.8 1.08 0.20 3.7
      08SWC-353 Assays pending
      "Ridgetop East"
      08SWC-354 33.9 37.0 3.1 10.2 1.49 0.04 1.8
      "Area 118 South" and 145.1 156.5 11.4 37.4 0.56 0.04 1.8
      08SWC-355 Assays pending
      08SWC-356 54.3 123.1 68.8 225.7 0.65 0.16 1.3
      "Ridgetop East" including 54.3 74.9 20.6 67.6 1.16 0.10 1.2
      including 54.3 57.6 3.3 10.8 3.04 0.41 3.3
      08SWC-357 -- 377 Assays pending
      08SWC-378 256.2 266.5 10.3 33.8 0.72 pending 4.2
      "Regional including 257.1 263.3 6.2 20.3 1.00 pending 6.1
      Picture"
      08SWC-379 -- 382 Assays pending
      08SWC-383 67.3 108.6 41.3 135.5 0.33 pending 1.6
      "Area 118"
      08SWC-384 60.3 75.0 14.7 48.2 0.77 pending 1.1
      "Area 118" and 97.5 121.4 23.9 78.4 1.30 pending 2.6
      including 100.4 106.1 5.7 18.7 2.31 pending 5.0
      and 101.7 114.4 12.7 41.7 1.70 pending 3.6
      08SWC-385 Assays pending
      "Area 118"
      08SWC-386 16.4 33.5 17.1 56.1 0.58 pending 2.2
      "Area 118" and 55.5 85.8 30.3 99.4 0.41 pending 1.8
      including 72.6 77.5 4.9 16.1 1.07 pending 3.6
      and 130.7 148.2 17.5 57.4 0.80 pending 1.7
      including 142.9 148.2 5.3 17.4 1.41 pending 2.9
      08SWC-387 22.9 24.60 1.7 5.6 1.92 pending 1.0
      "Area 118" and 30.9 35.9 5.0 16.4 1.52 pending 3.7
      and 59.6 61.4 1.8 5.9 1.03 pending 4.0
      and 113.3 141.1 27.8 91.2 0.37 pending 1.4
      08SWC-388 Abandoned due to technical drilling problems;
      replaced by 08SWC-389 "Copper Keel"
      08SWC-389 Assays pending

      (i) Correction -- was incorrectly identified as geochemically anomalous in
      a news release issued in Stockwatch dated Sept. 18, 2008.
      Avatar
      schrieb am 29.10.08 18:00:25
      Beitrag Nr. 35 ()
      October 23, 2008
      Sherwood Reports Further High Grade Intercepts from its Kutcho Copper Project

      http://www.sherwoodcopper.com/s/NewsReleases.asp?ReportID=32…


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