MOLYBDENUM RESERVES: Endako mine life extended through 2028

BRITISH COLUMBIA - Thompson Creek Metals of Denver has announced a 9% increase in mineral reserves that will that will extend the life of its Endako molybdenum mine by two years, to 2028. The new figure includes 312.2 million lb of contained molybdenum, up from 286.2 million lb.

Proven and probable reserves at the Endako mine are now estimated to be 308.7 million tonnes grading 0.046% Mo. Excluding material contained in the reserve estimate, the mine has measured and indicated resources of 57.3 million tonnes grading 0.031% Mo. The mine also has an inferred resource of 49.3 million tonnes at 0.035% Mo.

Thompson Creek is in the middle of a mill expansion program at Endako that will increased throughput to 50,000 t/d from 28,000 t/d. A 21,640-metre drill program is underway and the mine planning team has developed a new mine plan based on the block model created in June 2011.

The company maintains separate photo galleries for its Endako and Thompson Creek mines as well as its Mt. Milligan and other exploration properties at www.ThompsonCreekMetals.com.