copper hill 16 targets major upside potential

Copper Hill potential may be greatly expanded. Currently the project contains 133,000,000 tonnes of copper and 1,200,000 ounces of gold at a cutoff of .2% copper. At a capex of $333,000,000 the project would process 8,000,000 tonnes of concentrate for 12 years producing 260,000 tonnes of copper and 400-500,000 ounces of gold worth around US$2 billion.

16 additional targets have been generated on the property. The closest and major targets are Copper Hill North, Power and Vale Head. The "signatures" generated by these targets are approximately three times larger than Copper Hill itself. There are also another identified 13 targets elsewhere. Last week GCR announced that a 500m hole into the Power Anomaly generated broad zones of low grade copper mineralization (assays to follow). A number of other targets are being drilled as well. IMHO this drilling may substantially upgrade the tonnage potential of the Copper Hill area. Good luck to all longs.