CANTTAKEATRICK.....Here is the latest on Ferris HAG...JAM
BLR has also acquired an option to earn up to a 90% interest in the high grade Ferris-
Haggerty copper deposit that is located in southern Wyoming. The deposit was developed
to a depth of approximately 200 metres. The main orebody averages 8 to 10 metres in
width, but is up to 20 metres wide in places. The orebody grades 6% to 8% copper and 3
g/t to 4 g/t gold. Mining operations ceased in 1908, when fire destroyed the mine’s
processing facilities and a drastic decline in copper prices precluded the viability of rebuilding the facilities. BLR may earn a 51% interest in the project through the payment of
US$1 million and by completing a feasibility study by November 2010. The company would
then have the right to earn a further 39% interest by recommencing production. The
company drilled three diamond core holes at the project in the September 2007 quarter
and is awaiting assays.
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