BRITISH COLUMBIA — Getty Copper of Vancouver has received resource estimates for its Getty copper-molybdenum project near Kamloops. The report puts the level of probable reserves at 85.56 million tonnes grading 0.400% Cu in both the Getty North and South deposits.
Identical figures were given for the indicated resource, and there is an inferred resource of 22.097 million tonnes at 0.352% Cu. The North deposit also contains moly values of 0.005%.
West Coast Environmental and Engineering prepared the estimates as part of a pre-feasibility study for a potential open pit mine. The mining cost is projected to be C$1.60 per tonne of both ore and waste with processing costs of C$12.94 per tonne of ore. Another C$0.76/tonne of ore is estimated for general and administrative costs. The study used a copper price of C$3.91/lb and a moly price of C$34.87/lb of MoO3. A 12-month pre-production period is proposed. The project would need an commitment of C$428.20 million to reach production, and a further $19.98 million in sustaining capital over the 17-year life of the mine.
For additional information, call Dr. Corby Anderson at Getty Copper, 604-931-3231 or visit www.GettyCopper.com.