6-K 1 kmk6k_012306.htm PRESS RELEASE JANUARY 23, 2005 Drilling Continues to Expand Xietongmen Deposit, Project Advances Toward Feasibility

 
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
 
FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 

CIK # 782879

As at January 23, 2006
   
CONTINENTAL MINERALS CORPORATION
800 West Pender Street, Suite 1020
Vancouver, British Columbia
Canada V6C 2V6

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F...X.... Form 40-F.........
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
 
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ..... No .....
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
  
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
 
Date: January 23, 2006
 
* Print the name and title of the signing officer under his signature
-------


Continental Minerals Corporation
1020 - 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Tel 604 684∙6365
Fax 604 684∙8092
Toll Free 1 800 667∙2114
www.continentalminerals.com


Great China Mining Inc.
(formerly China NetTV Holdings Inc.)
World Trade Centre
Suite 536-999 Canada Place
Vancouver, BC V6C 3E2
Tel 604 641∙1366
Fax 604 641∙1377
www.greatchinamining.com



DRILLING CONTINUES TO EXPAND XIETONGMEN DEPOSIT
Project Advances Toward Feasibility
Comprehensive drilling, engineering, socio-economic & environmental studies planned for 2006

January 23, 2006, Vancouver, BC - Gerald S. Panneton, President and CEO of Continental Minerals Corporation (TSX.V-KMK; OTC.BB-KMKCF), and Anthony Garson, President and CEO of Great China Mining Inc. formerly China NetTV Holdings Inc. (OTC.BB-GCHA), announce the results from the final 19 core holes drilled in 2005 at the Xietongmen copper-gold deposit. Continental is the operator of the Xietongmen Project, which is located 240 kilometres southwest of Lhasa in Tibet, People's Republic of China.

Long intervals with excellent grades of copper and gold continue to be intersected. New results, from drill holes numbered 5023, 5045 through 5056, and 5058 through 5063, are tabulated below:

XIETONGMEN PROJECT NEW ASSAY RESULTS


Drill Hole
 
From (metres)
To (metres)
Intercept
(metres)
Intercept (feet)
Cu1
%
Au1
g/t
CuEQ2
%
AuEQ2 g/t

5023
 
18.0
237.1
219.1
719
0.44
0.60
0.79
1.35

5023
Incl.
38.0
157.0
119.0
390
0.60
0.79
1.06
1.81

5023
and
76.0
140.0
64.0
210
0.70
0.89
1.23
2.10

5045
 
133.7
378.0
244.3
802
0.25
0.34
0.45
0.77

5045
Incl.
133.7
247.5
113.8
373
0.30
0.40
0.53
0.91

5046
 
131.0
332.0
201.0
659
0.47
0.77
0.91
1.57

5046
Incl.
199.0
259.0
60.0
197
0.57
1.21
1.28
2.19

5047
 
41.7
195.0
153.3
503
0.68
0.73
1.11
1.90

5047
Incl.
134.0
195.0
61.0
200
0.78
0.96
1.33
2.29

5048
 
134.0
296.0
162.0
532
0.53
0.82
1.00
1.72

5048
Incl.
178.0
208.0
30.0
98
0.72
1.04
1.33
2.28

5048
Incl.
236.0
290.0
54.0
177
0.57
0.94
1.12
1.92

5049
 
62.1
94.0
31.9
105
0.56
0.35
0.76
1.31

5050
 
16.3
114.0
97.7
321
0.83
0.53
1.14
1.96

5050
Incl.
57.0
112.0
55.0
180
1.10
0.76
1.54
2.65

5051
 
122.0
282.0
160.0
525
0.52
0.99
1.09
1.87

5051
Incl.
146.0
252.0
106.0
348
0.64
1.13
1.30
2.22

5051
and
170.0
238.0
68.0
223
0.75
1.27
1.49
2.56

5052
 
71.0
203.0
132.0
433
0.34
0.51
0.64
1.09

5053
 
44.0
241.0
197.0
646
0.49
0.73
0.91
1.56

5053
Incl.
104.1
134.0
29.9
98
0.60
1.15
1.27
2.18

5054
 
13.2
115.0
101.8
334
0.62
0.55
0.94
1.61

5054
Incl.
13.2
52.6
39.4
129
0.81
0.44
1.07
1.83

5054
Incl.
93.0
113.0
20.0
66
0.68
1.00
1.27
2.17

5055
 
79.4
206.0
126.6
415
0.28
0.38
0.50
0.86

5056
 
22.0
172.0
150.0
492
0.47
0.61
0.83
1.42

5056
Incl.
44.0
104.0
60.0
197
0.61
0.69
1.01
1.73

5058
 
24.4
33.0
8.6
28
0.88
0.58
1.22
2.09

5058
 
108.0
398.1
290.1
952
0.44
0.54
0.75
1.29

5058
Incl.
156.0
192.0
36.0
118
0.62
0.60
0.97
1.67

5058
Incl.
323.0
359.0
36.0
118
0.49
0.69
0.89
1.53

5059
 
22.0
181.0
159.0
522
0.54
0.57

0.87

1.49

5059
Incl.
74.0
113.0
39.0
128
0.57
0.77
1.02
1.74

5060
 
134.0
315.5
181.5
595
0.53
1.15
1.20
2.06

5060
Incl.
173.0
285.0
112.0
367
0.64
1.28
1.39
2.38

5060
and
255.7
285.0
29.3
96
0.57

0.98

1.14
1.96

5061
 
34.3
111.0
76.7
252
0.25
0.34
0.45
0.77

5061
Incl.
34.3
71.0
36.7
120
0.29
0.44
0.55
0.93

5061
 
129.0
156.0
27.0
89
0.35
0.60
0.69
1.19

5062
 
79.1
396.7
317.6
1042
0.44
0.65
0.82
1.40

5063
 
111.9
229.2
117.3
385
0.58
0.89
1.09
1.88

5063
Incl.
129.8
226.0
96.2
316
0.62
0.95
1.18
2.02

5063
and
173.3
226.0
52.7
173
0.69
1.12

1.35

2.31

1 Copper capped at 5%, gold capped at 10 g/t for all calculations.
2 Copper and gold equivalent calculations use metal prices of US$1.00/lb for copper and US$400/oz for gold.
Adjustment factors to account for differences in relative metallurgical recoveries for gold and copper will depend upon the completion of definitive
metallurgical testing.
CuEQ = Cu % + (Au g/t x 12.86/22.046)
AuEQ = (Cu % x 22.046/12.86) + Au g/t

High-grade copper and gold mineralization was intersected over long intervals in all of the 62 holes drilled at the Xietongmen deposit during the 2005 program. The mineralized intercepts average about 210 metres in length, and show strong continuity to the mineralization within the deposit. The area tested by vertical drill holes now measures approximately 800 metres northwest-southeast by 350 metres northeast-southwest. This substantial copper-gold deposit discovery remains open to expansion.

A table of assay results for all drill holes completed at the Xietongmen deposit during 2005 is attached. A Property Location Map, a Drill Hole Plan and Cross Sections are posted on the websites: www.continentalminerals.com & www.greatchinamining.com.

In response to the positive results, a substantial program is planned for 2006. Plans, budgets and schedules are now being worked up for comprehensive programs and studies, including significant drilling, resource estimates, metallurgical testing and mine planning, and baseline environmental and socioeconomic studies,. The goal is to collect the engineering, environmental and socioeconomic data necessary to complete a feasibility study for the project in 2007.

In conjunction with these activities, the community engagement program will be expanded with the long term objective to ensure that the project provides direct, tangible benefits for local residents and communities. Hence, active dialogue with the local residents in the Tibetan villages and the various authorities in the region will be ongoing in order that the project proceeds in a manner that respects local socio-economic priorities and incorporates a high standard of environmental management.

The Xietongmen project is well located for development. Available infrastructure is excellent, including a paved highway and electric transmission lines that pass near the southern end of the property. The highway provides direct access to the city of Rikaze (population 100,000), approximately 53 kilometres to the east, where fuel, food, lodging and office facilities are available. Other supplies, heavy equipment, equipment operators and vehicles are readily obtainable in Lhasa, a drive of less than four hours from Rikaze. A new railway has recently been completed to Lhasa which connects to multiple copper smelters and other industrial centres located throughout China. Construction of a railway extension from Lhasa to Rikaze (and possibly right past the property) has just been announced.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the drilling program and quality assurance and quality control ("QAQC") programs on behalf of Continental Minerals Corporation. The program includes rigorous QAQC procedures. Acme Analytical Laboratories of Vancouver, BC, an ISO 9001:2000 accredited laboratory, performs the sample preparation and assaying for the project. Gold analysis is by 30 g Fire Assay fusion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. Copper assays are done by four acid digestion with an ICP-ES finish. Continental includes standards, blanks and duplicates in addition to the laboratory's internal quality control work.

Gerald S. Panneton
President and CEO
Continental Minerals Corporation
 
For further information:


Continental Minerals Corporation
Tel: 604 684∙6365
Toll Free 1 800 667∙2114
www.continentalminerals.com
Great China Mining Inc.
Tel: 604 641∙1366
www.greatchinamining.com
 


No regulatory authority has approved or disapproved the information contained in this news release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the companies expect are forward-looking statements. Although the companies believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.
 
For more information on Continental Minerals Corporation, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission at www.sec.gov and its home jurisdiction filings that are available at www.sedar.com.
 
For more information on Great China Mining Inc., Investors should review the Company's annual Form with the United States Securities Commission at www.sec.gov.


XIETONGMEN ASSAY TABLE
January 23, 2006

Drill Hole
 
From (metres)
To (metres)
Intercept
(metres)
Intercept (feet)
Cu1
%
Au1
g/t
CuEQ2
%
AuEQ2 g/t

5001
 
15.8
277.6
261.8
859
0.41
0.60
0.76
1.30

5001
Incl.
44.6
70.0
25.5
84
0.74
0.81
1.22
2.09

5002
 
8.6
259.9
251.3
824
0.55
0.82
1.02
1.75

5002
Incl.
44.5
77.2
32.7
107
0.96
0.77
1.41
2.42

5003
 
2.5
226.1
223.6
734
0.37
1.05
0.99
1.70

5003
Incl.
99.1
123.2
24.1
79
0.92
2.45
2.35
4.02

5004
 
46.5
294.0
247.5
812
0.57
0.67
0.96
1.65

5004
Incl.
46.5
188.0
141.5
464
0.70
0.77
1.15
1.97

5005
 
20.4
200.0
179.6
589
0.36
0.53
0.67
1.15

5005
Incl.
20.4
122.5
102.1
335
0.43
0.63
0.80
1.37

5006
 
18.7
242.7
224.0
735
0.49
0.76
0.94
1.61

5006
Incl.
18.7
121.6
102.9
338
0.71
0.99
1.28
2.20

5007
 
41.2
97.0
55.8
183
0.88
0.29
1.05
1.80

5007
 
151.0
195.0
44.0
144
0.22
0.70
0.63
1.08

5008
 
17.0
306.0
289.0
948
0.63
1.07
1.25
2.14

5008
Incl.
40.2
70.0
29.8
98
1.05
0.89
1.57
2.69

5008
Incl.
155.0
181.3
26.3
86
0.98
1.67
1.95
3.35

5009
 
82.0
137.5
55.5
182
0.42
0.47
0.69
1.19

5010
 
36.7
122.0
85.3
280
0.63
0.50
0.91
1.57

5010
Incl.
41.0
88.2
47.2
155
0.81
0.55
1.13
1.93

5010
and
41.0
63.0
22.0
72
1.08
0.69
1.48
2.54

5011
 
45.3
301.9
256.6
842
0.66
0.89
1.18
2.03

5011
Incl.
45.3
184.0
138.7
455
0.80
0.94
1.35
2.31

5011
Incl.
254.0
300.0
46.0
151
0.70
1.04
1.30
2.23

5012
 
24.0
332.5
308.5
1012
0.87
1.26
1.61
2.76

5012
Incl.
24.0
106.0
82.0
269
1.36
0.83
1.84
3.16

5012
and
24.0
61.0
37.0
121
2.15
0.62
2.52
4.31

5012
Incl.
119.1
332.5
213.4
700
0.72
1.46
1.57
2.69

5013
 
42.0
349.4
307.4
1009
0.64
0.76
1.09
1.87

5013
Incl.
66.0
176.0
110.0
361
0.83
0.89
1.35
2.32

5014
 
76.0
304.0
228.0
748
0.51
0.84
1.00
1.71

5014
Incl.
76.0
112.0
36.0
118
0.74
0.91
1.27
2.17

5014
Incl.
171.0
211.0
40.0
131
0.59
0.94
1.14
1.95

5015
 
48.3
363.9
315.6
1035
0.61
1.11
1.26
2.16

5015
Incl.
182.0
232.0
50.0
164
0.79
1.49
1.65
2.84

5015
Incl.
253.3
344.0
90.7
298
0.62
1.53
1.51
2.59

5016
 
87.0
339.0
252.0
827
0.55
0.79
1.01
1.73

5017
 
28.6
284.1
255.5
838
0.69
0.99
1.27
2.18

5017
Incl.
28.6
79.0
50.4
165
1.07
0.97
1.63
2.80

5017
and
28.6
49.0
20.4
67
1.61
1.03
2.21
3.79

5017
Incl.
172.0
284.1
112.1
368
0.70
1.23
1.42
2.43

5018
 
12.0
208.0
196.0
643
0.59
0.81
1.06
1.82

5018
Incl.
22.0
167.0
145.0
476
0.63
0.84
1.12
1.91

5019
 
38.0
46.0
8.0
26
0.72
0.08
0.76
1.31

5019
 
66.0
365.0
299.0
981
0.56
0.80
1.02
1.75

5019
Incl.
92.1
201.0
108.9
357
0.71
0.94
1.26
2.16

5019
Incl.
315.9
362.6
46.7
153
0.61
1.08
1.24
2.13

5020
 
80.0
288.0
208.0
682
0.54
0.69
0.94
1.61

5020
Incl.
106.0
142.0
36.0
118
0.78
0.78
1.24
2.12

5020
Incl.
187.0
288.0
101.0
331
0.53
0.85
1.02
1.75

5021
 
53.0
374.0
321.0
1053
0.55
1.03
1.15
1.97

5021
Incl.
53.0
297.0
244.0
801
0.62
1.11
1.27
2.17

5021
and
119.0
297.0
178.0
584
0.68
1.36
1.47
2.52

5021
Incl.
306.1
315.0
8.9
29
0.73
1.34
1.51
2.58

5022
 
16.0
211.0
195.0
640
0.60
0.84
1.09
1.86

5022
Incl.
119.0
187.0
68.0
223
0.78
1.03
1.38
2.36

5023
 
18.0
237.1
219.1
719
0.44
0.60
0.79
1.35

5023
Incl.
38.0
157.0
119.0
390
0.60
0.79
1.06
1.81

5023
and
76.0
140.0
64.0
210
0.70
0.89
1.23
2.10

5024
 
113.0
370.6
257.6
845
0.60
0.94
1.15
1.96

5024
Incl.
154.3
306.0
151.7
498
0.80
1.25
1.53
2.62

5025
 
100.0
316.0
216.0
709
0.56
0.95
1.11
1.91

5025
Incl.
158.0
316.0
158.0
518
0.57
1.10
1.21
2.07

5026
 
47.0
324.0
277.0
909
0.44
0.66
0.83
1.42

5026
Incl.
168.0
288.0
120.0
394
0.56
0.90
1.08
1.85

5026
Incl.
248.0
288.0
40.0
131
0.66
1.39
1.48
2.53

5027
 
90.5
363.0
272.5
894
0.43
0.56
0.75
1.29

5027
Incl.
279.0
363.0
84.0
276
0.47
0.82
0.95
1.62

5028
 
152.0
347.0
195.0
640
0.55
0.96
1.11
1.91

5028
Incl.
210.1
274.0
63.9
210
0.70
1.17
1.38
2.37

5029
 
24.0
331.2
307.2
1008
0.62
0.99
1.19
2.04

5029
Incl.
84.0
331.2
247.2
811
0.68
1.17
1.36
2.33

5029
and
179.9
234.0
54.1
177
0.88
1.83
1.95
3.34

5030
 
34.3
288.0
253.7
832
0.56
0.80
1.03
1.76

5030
Incl.
134.0
188.0
54.0
177
0.73
1.07
1.35
2.32

5031
 
67.7
82.0
14.3
47
0.51
0.82
0.99
1.70

5031
 
140.2
284.0
143.8
472
0.50
0.64
0.87
1.49

5032
 
31.0
296.0
265.0
869
0.45
0.73
0.87
1.49

5032
Incl.
128.0
296.0
168.0
551
0.52
0.91
1.05
1.79

5032
and
128.0
190.0
62.0
203
0.66
1.04
1.27
2.17

5033
 
128.0
349.5
221.5
727
0.59
1.13
1.25
2.14

5033
Incl.
168.0
312.0
144.0
472
0.65
1.30
1.41
2.42

5034
 
20.8
224.0
203.2
667
0.69
0.77
1.14
1.96

5034
Incl.
20.8
41.0
20.2
66
1.08
0.65
1.46
2.50

5034
Incl.
152.0
218.0
66.0
217
0.74
1.29
1.49
2.55

5035
 
83.0
303.0
220.0
722
0.50
0.90
1.03
1.77

5035
Incl.
155.0
199.0
44.0
144
0.67
1.40
1.49
2.55

5035
Incl.
251.0
293.0
42.0
138
0.68
0.92
1.22
2.09

5036
 
20.1
208.3
188.2
617
0.56
0.99
1.14
1.95

5036
Incl.
103.0
197.5
94.5
310
0.65
1.28
1.40
2.40

5037
 
114.0
337.9
223.9
735
0.59
0.90
1.11
1.91

5037
Incl.
134.0
337.9
203.9
669
0.61
0.94
1.17
2.00

5037
Incl.
142.0
337.9
195.9
643
0.62
0.95
1.18
2.02

5038
 
140.0
389.0
249.0
817
0.41
0.55
0.73
1.25

5038
Incl.
140.0
369.0
229.0
751
0.42
0.56
0.75
1.28

5038
Incl.
305.0
369.0
64.0
210
0.54
0.64
0.91
1.56

5039
 
170.0
266.0
96.0
315
0.52
0.70
0.93
1.60

5039
Incl.
186.0
266.0
80.0
262
0.55
0.76
1.00
1.71

5040
 
31.0
106.0
75.0
246
0.53
0.72
0.95
1.63

5040
Incl.
62.0
106.0
44.0
144
0.50
0.88
1.01
1.72

5040
 
126.0
218.0
92.0
302
0.59
1.32
1.36
2.34

5041
 
130.0
324.0
194.0
636
0.54
0.84
1.03
1.77

5041
Incl.
170.0
232.0
62.0
203
0.61
0.98
1.18
2.03

5041
Incl.
257.0
302.0
45.0
148
0.63
1.06
1.24
2.13

5042
 
92.0
381.0
289.0
948
0.55
0.77
1.00
1.71

5042
 
224.0
303.8
79.8
262
0.67
1.11
1.32
2.26

5043
Hole Lost
 
 
 
 
 
 
 

5044
 
67.0
278.0
211.0
692
0.66
0.97
1.23
2.10

5044
 
171.0
264.3
93.3
306
0.99
1.21
1.69
2.91

5045
 
133.7
378.0
244.3
802
0.25
0.34
0.45
0.77

5045
Incl.
133.7
247.5
113.8
373
0.30
0.40
0.53
0.91

5046
 
131.0
332.0
201.0
659
0.47
0.77
0.91
1.57

5046
Incl.
199.0
259.0
60.0
197
0.57
1.21
1.28
2.19

5047
 
41.7
195.0
153.3
503
0.68
0.73
1.11
1.90

5047
Incl.
134.0
195.0
61.0
200
0.78
0.96
1.33
2.29

5048
 
134.0
296.0
162.0
532
0.53
0.82
1.00
1.72

5048
Incl.
178.0
208.0
30.0
98
0.72
1.04
1.33
2.28

5048
Incl.
236.0
290.0
54.0
177
0.57
0.94
1.12
1.92

5049
 
62.1
94.0
31.9
105
0.56
0.35
0.76
1.31

5050
 
16.3
114.0
97.7
321
0.83
0.53
1.14
1.96

5050
Incl.
57.0
112.0
55.0
180
1.10
0.76
1.54
2.65

5051
 
122.0
282.0
160.0
525
0.52
0.99
1.09
1.87

5051
Incl.
146.0
252.0
106.0
348
0.64
1.13
1.30
2.22

5051
and
170.0
238.0
68.0
223
0.75
1.27
1.49
2.56

5052
 
71.0
203.0
132.0
433
0.34
0.51
0.64
1.09

5053
 
44.0
241.0
197.0
646
0.49
0.73
0.91
1.56

5053
Incl.
104.1
134.0
29.9
98
0.60
1.15
1.27
2.18

5054
 
13.2
115.0
101.8
334
0.62
0.55
0.94
1.61

5054
Incl.
13.2
52.6
39.4
129
0.81
0.44
1.07
1.83

5054
Incl.
93.0
113.0
20.0
66
0.68
1.00
1.27
2.17

5055
 
79.4
206.0
126.6
415
0.28
0.38
0.50
0.86

5056
 
22.0
172.0
150.0
492
0.47
0.61
0.83
1.42

5056
Incl.
44.0
104.0
60.0
197
0.61
0.69
1.01
1.73

5058
 
24.4
33.0
8.6
28
0.88
0.58
1.22
2.09

5058
 
108.0
398.1
290.1
952
0.44
0.54
0.75
1.30

5058
Incl.
156.0
192.0
36.0
118
0.62
0.60
0.97
1.67

5058
Incl.
323.0
359.0
36.0
118
0.49
0.69
0.89
1.53

5059
 
22.0
181.0
159.0
522
0.54
0.57
0.87
1.49

5059
Incl.
74.0
113.0
39.0
128
0.57
0.77
1.02
1.74

5060
 
134.0
315.5
181.5
595
0.53
1.15
1.20
2.06

5060
Incl.
173.0
285.0
112.0
367
0.64
1.28
1.39
2.38

5060
and
255.7
285.0
29.3
96
0.57
0.98
1.14
1.96

5061
 
34.3
111.0
76.7
252
0.25
0.34
0.45
0.77

5061
Incl.
34.3
71.0
36.7
120
0.29
0.44
0.55
0.93

5061
 
129.0
156.0
27.0
89
0.35
0.60
0.69
1.19

5062
 
79.1
396.7
317.6
1042
0.44
0.65
0.82
1.40

5063
 
111.9
229.2
117.3
385
0.58
0.89
1.09
1.88

5063
Incl.
129.8
226.0
96.2
316
0.62
0.95
1.18
2.02

5063
and
173.3
226.0
52.7
173
0.69
1.12
1.35
2.31
1 Copper capped at 5%, gold capped at 10 g/tonne for all calculations completion of definitive metallurgical testing.
2 Copper and gold equivalent calculations use metal prices of US$1.00/lb for copper and US$400/oz for gold.
Adjustment factors to account for differences in relative metallurgical recoveries for gold and copper will depend upon the completion of definitive metallurgical testing.
CuEQ = Cu % + (Au g/t x 12.86/22.046)
AuEQ = (Cu % x 22.046/12.86) + Au g/t