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Copper Creek

Mineral Resource Estimates
The updated NI 43-101 technical report is available on SEDAR (
http://www.sedar.com/FindCompanyDocuments.do
). A summary breakdown of the resource estimate by category is tabulated below. Please note that for the table lbs=pounds ; ppm =parts per million; Oz = troy ounces per short ton; and CuEq = Cu+(Mo x 3.879)+(Ag x 0.011).
2013 Underground Configuration Mineral Resource Estimate
The update underground resource consists of three components which include the large porphyry system; the Mammoth, Childs-Aldwinkle, Copper Prince, and Globe breccias; and the new potential open pit on the Old Reliable breccia. Each component is reported separately below in the Measured, Indicated, and Inferred categories. The new resource for the mining scenario for all three components all at appropriate cutoff grades detailed below, totals 2.322 billion total pounds of copper, 41.394 million pounds of molybdenum, and 7.725 million troy ounces of silver in the combined measured and indicated categories contained in 153.699 million tons grading 0.76% Cu, 0.013% Mo, and 0.05 opt Ag. The inferred category at the same respective cutoff grades results in 1.208 billion total pounds of copper, 24.805 million pounds of molybdenum, and 3.195 million troy ounces of silver contained in 86.694 million tons grading 0.70% Cu, 0.014% Mo, and 0.04 opt Ag.

The Old Reliable breccia deposit hosts a potential open pit resource estimated at a cutoff grade of 0.40% CuEq resulting in 45 million total pounds of copper, 0.641 million pounds of molybdenum, and 0.23 million troy ounces of silver in the combined measured and indicated categories contained in 2.982 million tons grading 0.75% Cu, 0.011% Mo, and 0.077 opt Ag (0.85% CuEq). The inferred category at the same cutoff grade results in 1 million total pounds of copper, 0.011 million pounds of molybdenum, and 0.001 million troy ounces of silver contained in .079 million tons grading 0.68% Cu, 0.007% Mo, and 0.013 opt Ag (0.72% CuEq).

Underground Mining Methods Measured and Indicated Resources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit

 

Cutoff

Million

 

Cu, %

Mo, %

Ag, opt

CuEq, %

Billion

Million

Million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CuEq%

tons

 

 

 

 

 

Lbs, Cu

Lbs, Mo

Oz, Ag

 

 

 

 

 

 

 

 

 

 

 

 

Old Reliable

Measured

0.40

2.727

 

0.77

0.011

0.081

0.87

0.042

0.600

0.221

 

 

 

 

 

 

 

 

 

 

 

 

Breccia (pit)

Indicated

0.40

0.255

 

0.60

0.008

0.034

0.65

0.003

0.041

0.009

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Breccia

Measured

0.75

4.462

 

1.52

0.013

0.142

1.64

0.136

1.160

0.634

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

Indicated

0.75

1.272

 

1.86

0.035

0.111

2.07

0.047

0.890

0.141

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Keel-Am.

Measured

0.50

29.765

 

0.79

0.020

0.100

0.90

0.470

11.906

2.976

 

 

 

 

 

 

 

 

 

 

 

 

Eagle

Indicated

0.50

115.218

 

0.70

0.012

0.030

0.76

1.613

27.652

3.457

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Underground Mining Methods Inferred Resources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposit

 

Cutoff

Million

 

Cu, %

Mo, %

Ag, opt

CuEq, %

Billion

Million

Million

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CuEq%

tons

 

 

 

 

 

Lbs, Cu

Lbs, Mo

Oz, Ag

 

 

 

 

 

 

 

 

 

 

 

 

Old Reliable

Inferred

0.40

0.079

 

0.68

0.007

0.013

0.72

0.001

0.011

0.001

 

 

 

 

 

 

 

 

 

 

 

 

Breccia (pit)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Breccia

Inferred

0.75

0.774

 

2.09

0.038

0.082

2.29

0.032

0.588

0.063

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Keel-Am.

Inferred

0.50

85.841

 

0.68

0.014

0.040

0.75

1.167

24.035

3.434

 

 

 

 

 

 

 

 

 

 

 

 

Eagle

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.