more high grade copper news out!, page-12

Mate I agree. Those who are skeptical also mustn't forget that these are on the back of historical drilling that the Company has access to but aren't releasing due to non JORC compliancy as I read it.

"The Company is aware of at least eight advanced exploration prospects within the Spasskaya Project that were trenched and drilled during the 1960’s and 1970’s. There has been no modern exploration work on the project for over 25 years.

The eight copper prospects contained within the Spasskaya Project are of various sizes and grades and involve different levels of exploration work resulting in various levels of confidence assigned under the Russian Federation Inventory categories (“RF”).

The Company has determined that historical drilling results at Spasskaya cannot be used to determine JORC-compliant resources as it appears unlikely that collar locations, assay results and down-hole surveys can be directly verified.

The Company intends to repeat the majority of exploration drilling at each prospect in 2012 in order to rapidly advance its prospects to an evaluation stage. With the benefit of old Soviet drilling, new exploration can be minimized along with the long lead times often associated with developing large-scale base metal exploration projects.

Historic drilling also intersected significant silver grades but silver was never included in any historical inventory calculations. There are no assays for gold contained in any historical reports.

Whilst the Company has reported historical copper inventories as guidance for the exploration target potential of the project, it remains excited about the exploration upside in this reactivated continental, back-arc setting for new discoveries of copper, gold, silver and zinc.

The Company is also highly encouraged by the fact that several nearby copper occurrences within the Spasskaya Copper Field are being exploited at large-scale mines by Kazakmys PLC."