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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (65261)	5/19/2009 10:07:47 AM
From: onepath	Read Replies (1) of 78419

Terrane Metals' Berg at 3.34 billion lb of 0.3% Cu M+I 2009-05-19 09:48 ET - News Release Mr. Robert Pease reports TERRANE REPORTS 36% EXPANSION OF BERG RESOURCE Terrane Metals Corp. has released an updated National Instrument 43-101-compliant mineral resource estimate for the company's 100-per-cent-owned Berg project. The updated resource incorporates results from the 31-hole-11,661-metre core drilling program completed in October, 2008. Measured and Indicated Resources have expanded by 36% over the previously reported resource to 506 million tonnes containing 3.3 billion lbs copper, 412 million lbs molybdenum and 61.4 million ozs silver. Inferred Resources contain 0.7 billion lbs copper, 107 million lbs molybdenum and 11.7 million ozs silver. The NI 43-101 Technical Report will be filed on SEDAR within 45 days. "This updated resource estimate continues to demonstrate potential to expand the Berg resource," stated Rob Pease, President and CEO of Terrane Metals Corp. "We successfully converted over 700 million pounds of copper and 120 million pounds of molybdenum from previously Inferred Resources to Measured and Indicated categories. The 2008 drilling program also discovered an additional 739 million pounds copper and 107 million pounds molybdenum of new Inferred Resources." The reported Mineral Resource estimate at a 0.30% copper equivalent cutoff grade is shown in Table I. Copper equivalent grades are calculated using metal prices of US$1.60/lb Cu, US$10/lb Mo, US$10/oz Ag and take into account forecast metallurgical recoveries into separate copper and molybdenum concentrates stockwatch.com

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