Posted On: 09/15/2014 9:58:41 AM
Post# of 99386
CXM.V Drilling Underway
Eaglehead Project, Copper-Gold-Silver-Molybdenum
“We took control of Carmax and the Eaglehead project in 2011,” stated Jevin Werbes, “By that point there had been over 94 holes drilled on the project. That season we drilled about 25 new holes and this season we are drilling and re-logging millions of dollars of historical core all of which will help us build a new resource calculation.”
•Drilling ~4000m underway
•Core assay results are expected by November 2014.
•NI 43-101 Inferred Mineral Resource of 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo, 1.9 g/t Ag, and 0.08 g/t Au.
•The Eaglehead property today contains approximately 662 million pounds copper, 265,000 ounces gold and 22 million pounds molybdenum.
•Major Shareholder Ownership 42%
•$1.6M cash
Neighboring Mining Projects & Comparisons
*Eaglehead Deposit- Carmax Mining CXM.V (resource of over 100 million tonnes)
SchaftCreek Deposit - Teck TCK.T & Copper Fox CUU.V (resource estimate of 7.1 billion pounds copper)
Turnagain Project - Hard Creek Nickel HNC.V (resources of over 400 million tonnes)
Red Chris Mine - Imperial Metals III.T (reserves of over 300 million tonnes)
Eaglehead Project, Copper-Gold-Silver-Molybdenum
“We took control of Carmax and the Eaglehead project in 2011,” stated Jevin Werbes, “By that point there had been over 94 holes drilled on the project. That season we drilled about 25 new holes and this season we are drilling and re-logging millions of dollars of historical core all of which will help us build a new resource calculation.”
•Drilling ~4000m underway
•Core assay results are expected by November 2014.
•NI 43-101 Inferred Mineral Resource of 102.5 million tonnes at an average grade of 0.29% Cu, 0.010% Mo, 1.9 g/t Ag, and 0.08 g/t Au.
•The Eaglehead property today contains approximately 662 million pounds copper, 265,000 ounces gold and 22 million pounds molybdenum.
•Major Shareholder Ownership 42%
•$1.6M cash
Neighboring Mining Projects & Comparisons
*Eaglehead Deposit- Carmax Mining CXM.V (resource of over 100 million tonnes)
SchaftCreek Deposit - Teck TCK.T & Copper Fox CUU.V (resource estimate of 7.1 billion pounds copper)
Turnagain Project - Hard Creek Nickel HNC.V (resources of over 400 million tonnes)
Red Chris Mine - Imperial Metals III.T (reserves of over 300 million tonnes)
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