Copperwood Resources/Reserves

The Company announced in February of 2011 an updated resource estimate for the Copperwood copper project, Upper Peninsula, Michigan, USA. This estimate included the mineralization in the adjacent area, previously referred to as Copperwood S6, and was the basis for the mine plan and design included in the prefeasibility study.  In February, 2012 the Company announced the findings of their NI 43-101-compliant Feasibility Study for the Copperwood copper project, Upper Peninsula, Michigan, USA.

Copperwood Reserves and Resources Cu Ag
  Mt* % M Lbs Gpt M oz
Proven Reserves (Copperwood – D&B) 23.1 1.46 710 3.98 2.98
Probable Reserves (Copperwood – D&B) 7.1 1.21 142 2.44 0.46
TOTAL RESERVES 30.2 1.41 852 3.63 3.46
Indicated Resources (Copperwood Satellites) 25 1.4 771    
Inferred Resources (Copperwood Satellites) 36.1 1.3 1033    
Total Resource Inventory 61.1 1.34 1804    

Source: NI 43-101 compliant Feasibility Study of the Copperwood Project; Joseph M. Keane, P.E., Steve Milne, P.E., and David List P.E.
Source: NI 43-101 Technical Report – Copperwood S6 & Satellites: AMEC E & C Services (USA) G. Kulla & D. Thomas,  January, 2011

 

  Resources

Click to enlarge