Canada's Next Primary Cobalt Producer
Reserves & Resources
Werner Lake Spring 2010 Drill Program Results:
- 1.24% cobalt over 12.30 metres
- High-grade intercept of over 12% cobalt over 0.90 metres
- High-grade intercepts associated with anomalous Cu, Ni and Au values
- Over 12% Co returned in hole WL10-004 showing a zone of more than 5% suplhides in peridotite with portions that carry from 5 to 45% sulphides
Historic Data: Reserves & Resources: Werner Lake West and Minesite
Proven Reserves:
140,031 tonnes of 0.475 Co; 0.26% Cu; 0.008 oz/t Au
Probable Reserves:
40,829 tonnes of 0.25% Co; 0.43% Cu; 0.003 oz/t Au
Indicated Resources:
51,456 tonnes of 0.13% Co; 0.26% Cu; 0.003 oz/t Au
Inferred Resources:
507,412 tonnes of 0.31% Co; 0.29% Cu; 0.011 oz/t Au
|
Category1 |
Mining Area2 |
Tonnes |
Co % |
Cu % |
Au opt |
|
Proven Reserve |
Lenses 1&2 |
17,145 |
0.46 |
0.14 |
0.022 |
|
Proven Reserve |
Lens 3 |
34,476 |
0.72% |
0.30 |
0.005 |
|
Proven Reserve |
West Cobalt |
82,210 |
0.37 |
0.27 |
0.06 |
|
Proven Reserve |
Stockpile3 |
6,200 |
0.50 |
0.30 |
0.09 |
|
|
|
|
|
|
|
|
Probable Reserve |
West Cobalt |
40,829 |
0.25 |
0.43 |
0.030 |
|
|
|
|
|
|
|
|
Indicated Resource |
West Cobalt |
51,456 |
0.13 |
0.20 |
0.03 |
|
|
|
|
|
|
|
|
Inferred Resource |
West Cobalt |
363,647 |
0.37 |
0.27 |
0.006 |
|
Inferred Resource |
West Cobalt |
430,663 |
0.18 |
0.29 |
0.015 |
|
Inferred Resource |
Minesite |
55,068 |
0.63 |
0.24 |
0.011 |
|
TOTAL |
|
1,101,694 |
0.31 |
0.29 |
0.011 |
1.
Terminology
for mineral resource calculations conforms with nomenclature recommendations by
the Canadian Institute of Mining.
Metallurgy & Petroleum's Ad Hoc Committee on Mineral Resource
Classification, tabled in March 1997 at a workshop given by the Prospectors and
Developers Association of Canada and the Natural Resource and Energy Law Section
of the Canadian Bar Association
2. Surveyed estimate of volume
3. Non NI 43-101 Compliant Ore Reserves and Resources, Werner Lake Project, Undiluted
Investor Resources
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