Yeah was hoping it would get a listen.Oh well
Got a little more ETF over the last few days and would have grabbed LYM if it flicked down.
I also grabbed some more TRX.I like their latest news. Location is key here.
Terrane Metals to drill 12,000 m at Berg in June
2007-03-14 16:31 ET - News Release
Mr. Robert Pease reports
TERRANE ANNOUNCES 12,000 METRE DRILLING PROGRAM ON BERG PROJECT
Terrane Metals Corp. has provided an update on the company's 100-per-cent-owned Berg copper-molybdenum-silver project, central British Columbia.
Highlights:
A 12,000-metre core drilling program will commence in June, 2007.
Cyr Drilling International Ltd. has been contracted to conduct the two-rig program.
Equity Engineering Ltd. will manage field and technical work.
A National Instrument 43-101-compliant resource estimate will be completed in the fourth quarter of 2007.
2007 work program
Cyr Drilling International and Equity Engineering have been contracted to complete a 12,000-metre core drilling program on the company's 100-per-cent-owned Berg copper-molybdenum-silver project. The two-rig core drilling program will commence in June and is expected to take three months to complete.
Geological modelling by Terrane Metals indicates that the historic resource is open to expansion laterally and at depth. The 2007 program will focus on expanding the historic resource and confirming earlier work with large-diameter core drilling and quality assurance/quality control protocols. A new grade model and NI 43-101-compliant resource estimate will be completed in the fourth quarter of 2007.
About Berg
The Berg porphyry copper-molybdenum-silver project is 84 kilometres southwest of Houston, B.C., and 22 km northwest of Imperial Metals Corp.'s Huckleberry copper-molybdenum-silver mine, and is accessible by road. The Berg deposit was discovered by Kennco Explorations (Western) Ltd. in the 1960s with subsequent work after 1972 by Canex Placer Ltd. (Placer Dome Inc.). Historic drilling in 93 holes totalling 16,908 metres outlined a resource at a 0.25-per-cent copper cut-off grade of 238 million tonnes grading 0.4 per cent Cu, 0.052 per cent MoS2 and 2.84 grams per tonne silver containing 2.1 billion pounds of copper and substantial resources of molybdenum and silver (see Terrane news release dated Sept. 13, 2006, in Stockwatch).
BERG PROJECT HISTORIC RESOURCE (i)
MEMPR MINFILE SUMMARY (CIM SPECIAL VOLUME 37, 1986)
Cu MoS2 Ag Contained Cu
Tonnes (%) (%) (g/t) (million pounds)
Geological resource 238,000,000 0.40 0.052 2.84 2,099
(i) Resources for the Berg deposit are referenced in the British Columbia
Ministry of Energy, Mines and Petroleum Resources Minfile summary and in
the CIM Special Volume 37. These historic resource estimates predate the
implementation of NI 43-101 guidelines and are not compliant with
currently accepted reserve and resource classifications as set forth
by Canadian Institute of Mining and Metallurgy, Aug. 20, 2000
(CIM guidelines). While the Berg historic resource estimates are considered
relevant, Terrane has neither independently verified them nor should
investors rely upon them. There is no economic evaluation that demonstrates
the potential economic viability of the stated resources, therefore none of
the historic resources should be considered reserves under current CIM
guidelines.
Documented copper-molybdenum intercepts at a 0.25-per-cent copper cut-off grade include: 0.57 per cent Cu and 0.083 per cent MoS2 over 193.5 metres in drill hole BRG009, and 0.98 per cent Cu and 0.096 per cent MoS2 over 97.5 m in drill hole BRG117. A significant number of drill holes were stopped in similar copper-molybdenum mineralization.
BERG PROJECT
SELECTED HISTORIC DRILL INTERSECTIONS (i)
From To Thickness Cu MoS2
Drill hole (m) (m) (m) (%) (%)
BRG009 36.6 230.1 193.5 0.57 0.083
BRG074 24.4 231.7 207.3 0.48 0.035
BRG117 24.4 121.9 97.5 0.98 0.096
S24 21.3 182.0 160.7 0.54 0.025
BRG023 30.5 189.0 158.5 0.52 0.042
BRG036 39.6 182.9 143.3 0.56 0.062
BRG123 9.1 150.9 141.8 0.57 0.042
(i) Historic copper and molybdenum drill intercepts are
for total Cu and MoS2 and were calculated using a
0.25-per-cent copper cut-off grade.
We seek Safe Harbor.
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