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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Mira Geoscience
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Jun 11, 2012 03:05PM

Jun 11, 2012 03:35PM

Jun 11, 2012 03:53PM

The report is a post discovery academic paper on the tools used to discover the new mine. The academic report was written in 2007 but Alexis and Falconbridge jointly pocketed the Prospector of the Year award in 2005 for the discovery announced that year. They didn't share much credit with Mira though LOL!

http://www.alexisminerals.com/Theme/Alexis/files/doc_news/24nov_2005-en.pdf

From the academic paper:

"The West Ansil discovery hole, AN-05-04, intersected massive pyrrhotite and chalcopyrite as well as sections of massive magnetite, a mineralogy typical to the nearby Ansil mine (Riverin, 1990). The discovery hole assayed an impressive 3.57% Cu over a core length of 52.7 m. Delineation drilling of the Upper, Middle and Lower massive sulphide lens was completed with 18 drill holes totaling 11,017 metres. Table 2 summarizes the NI 43-101 resource calculation completed on the West Ansil discovery by Falconbridge geologists, which outlined an indicated resource of 0.53 Mt grading 3.4% Cu and 1.4 g/t Au plus an inferred resource of 0.60 Mt of 3.3% Cu and 0.3 g/t. This resource was outlined between 150 m to 550 m depth. The discovery resulted in Falconbridge Ltd and partner Alexis Minerals being awarded the prestigious “Prospector of the Year” award from the Quebec Mineral Exploration Association in November 2005.

Table 2: Resource calculation from West Ansil

Category Tons (MT) Cu % Zn % Au g/t Ag g/t

Indicated

Resource: 0.53 3.4 0.4 1.4 9.2

Inferred

Resource: 0.60 3.3 0.2 0.3 0.3

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