NORTHWESTERN BRITISH COLUMBIA – The latest resource estimate for the Tulsequah Chief deposit near Atlin includes 5.38 million tonnes at 1.41% Cu, 6.73% Zn, 1.32% Pb, 2.73 g/t Au and 100.8 g/t Ag in the measured and indicated categories. There are another 1.54 million tonnes at slightly lower grades in the inferred category. The project is operated by REDFERN RESOURCES (www.Redfern.bc.ca), a wholly owned subsidiary of Vancouver-based REDCORP VENTURES.
The Tulsequah project has successfully completed the required environmental assessment and certification processes, receiving its Project Approval Certificate from the province in 2002, and an amended screening level environmental assessment authorization from the federal government in July 2005. The project has also obtained a special use permit governing the construction, operation and closure of the access road to the project.
Redcorp announced the start of an underground exploration program, including six infill drill holes, last month. A second phase of drilling will begin in late May, with a surface program of over 17,000 metres designed to expand existing resources at Tulsequah and the former producing Big Bull mine, and to explore other massive sulphide targets on the property.
Redcorp has awarded the contract for a new feasibility study to WARDROP ENGINEERING (www.Wardrop.com). The firm is headquartered in Toronto.