2008 NI 43-101 Initial Resource
To date, a total of
seventy-one (71) diamond drill holes have been drilled on the Potter Project
property of which a total of forty-six (46) diamond drill holes including
wedged holes have been drilled specifically for exploration in the Potter Mine
area. Twenty-five (25) diamond drill holes have been drilled on exploration
targets elsewhere on the property away from the immediate Potter Mine area.
Based on the
intersections of the forty-six (46) diamond drill holes and wedged holes a
preliminary estimate of the size of the resource has been completed. A total
of seven (7) massive to semi massive sulphide mineralized zones are
geometrically arranged in a parallel to sub parallel stacked arrangement. The
zones are identified from south to north as the Y Zone, the A Zone (down dip
continuation of the Potter mined zone), the B Zone, the C Zone, the D Zone,
the E Zone, and the F zone. (Please see Potter Geological Model below) Each of
the mineralized zones are separated by barren unmineralized host rock. All
seven (7) zones currently occur within the mine area along a strike length of
250 meters, lie within a horizontal across strike (stratigrahic) thickness of
225 meters, and occur within a vertical distance of 725 meters from +50 meters
above sea level down to -675 meters below sea level.
summary total for the indicated resource estimation for all the Y, A, B, C, D,
E, F, zones is a total of 3,028,767 tonnes at 1.45% copper, 1.19% zinc, 389.7
ppm cobalt, 11.1 ppm silver, and 127.5 ppb gold.
Additional to the indicated resource, the summary total for the inferred
resource estimation for all the Y, A, B, C, D, E, F zones is a total of
2,071,101 tonnes at 1.08 % copper, 1.05 % zinc, 301.4 ppm cobalt, 8.7 ppm
silver, and 81.7 ppb gold.