YUKON - In only two years, Vancouver's SHERWOOD COPPER has seen resources at its Minto project more than double. The latest NI 43-101 report puts measured and indicated resources in four deposits at 19.28 million tonnes grading 1.42% Cu, 0.51 g/t Au and 5.38 g/t Ag. The resource contains 604.7 million lb of copper, 320,000 oz of gold and 3.3 million oz of silver using a 0.5% Cu cut-off.
There is another 15.07 million tonnes grading 0.89% Cu, 0.25 g/t Au and 2.61 g/t Ag in the inferred category. That's an additional 294.4 million lb of copper, 120,000 oz of gold and 1.26 million oz of silver at that same cut-off.
In British Columbia where Sherwood recently acquired the Kutcho copper deposit by taking over WESTERN KELTIC, Sherwood says the preliminary economic assessment of that project is positive. Using this report, the company intends to go forward with the permitting process and drafting its environmental impact assessment for submission in Q3 2008. Meanwhile it is consulting with the Tahltan and Kaska First Nations in hopes that they will support a new open pit and mill. Initial capital costs are estimated at $183.3 million.
Details of both projects are available at www.SherwoodCopper.com.
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