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The project consists of Arizona is a favorable mining jurisdictions with respect to tax, regulation, infrastructure and labour. The PEA is an independent assessment of the historical and current results from the Van Dyke project and provided recommendations for further work. The Van Dyke property was 5 pound deposit sites explored 5 pound deposit sites developed in the early s when a shaft was sunk to a depth of 1, feet.

The underground mining operations are reported to have produced Historical Results - Van Dyke Project: Between and 5 pound deposit sites Minerals obtained the permits to conduct two in situ-leaching "ISL" tests. The first test consisted of two wells spaced 75 feet apart. The second, more extensive test, consisted of five wells and was conducted for a period of approximately two years, the conclusions of which are summarized below: Caviness dated June Between and Kocide Chemicals permitted the Van Dyke project and is reported to have recovered 4 million pounds of copper utilizing an in-situ leaching mining method.

InCopper Fox completed a diamond drilling program on the Van Dyke oxide copper deposit, re-assayed of the original pulps from the drilling completed by Occidental in the 's and conducted in-situ pressure leach tests 5 pound deposit sites whole drill core samples.

The results of the drilling and the re-assaying compared favorably with the original assay results reported by Giochi online senza deposito. A six hole 3, Analytical results using a 5 pound deposit sites. The cut-off grade used is in line with the cut-off grade used on other similar more advanced oxide copper deposits in Arizona.

The core intervals listed in the above tables do not represent true widths. Insamples from the drilling completed by Occidental were re-assayed.

This work shows 5 pound deposit sites strong positive correlation between the historical and current assays for the same sample intervals for both total copper and soluble copper. A comparison of the historical and assays is shown below: The tests were completed on eight samples selected from five of the six diamond drill holes. These samples were subjected to leaching under a nominal pressure of pounds per square inch "psi" to maintain carbonates in solution over days of a locked cycle type of leaching regime to simulate the underground hydraulic pressure in the ISL process.

A mineralogical examination on the test samples showed that chrysocolla and malachite are the primary copper bearing minerals.

Native copper, azurite and chalcocite are present in minor concentrations. Calculated total copper grades ranged 5 pound deposit sites 0. The relative difference between the percentage copper extractions and the percentage of soluble copper acid soluble copper and cyanide soluble copper reported could be due play slots for money with paypal lack of solution diffusion, lack of ferric iron generation, mass transfer or solution channeling in the test vessels used to complete the tests.

SGS recommended additional pressure leach test work. All dollar amounts are rounded and stated in US currency. The results of the PEA are preliminary in nature as they include an inferred mineral resource which is considered too speculative geologically to continue reading the economic considerations applied that would enable them to be categorized as mineral reserves.

There is no certainty that the PEA forecasts will be realized or that any of the resources will ever be upgraded to reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Base Case is stated at a 0. 5 pound deposit sites updated Inferred Resource applies a potentially economic confining shape which considers only the modelled oxide to have value.

All numbers are rounded following Best Practice Principles. The total copper and oxide copper expressed in millions of pounds 'Mlb'. The terms Oxide and ASCu represent acid soluble copper. The resource estimate suggests that the copper mineralization on the Van Dyke property is open to the west and southwest. Only acid soluble copper "ASCu" grades were used in estimating the pounds of oxide copper mineralization within the resource estimate.

Summary of Base Case Economic Results: The main components of the pre-feasibility study are: A 10,m diamond drilling program to expand the size of the resource and upgrade the 5 pound deposit sites Inferred Resource has the potential of increasing mine life; A five well ISL test program designed to further investigate overall metal recoveries, refine well field design, and determine the extent of more info stimulation required, if any, 5 pound deposit sites Opportunities to lower capital, sustaining and operating costs by reduction in the size of the underground development and further defining 5 pound deposit sites procedures.

The next round of pressure leach testing is expected to yield higher copper recovery due to increasing the leach time from to days.


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