The MPD Project is located in the Quesnel Trough, British Columbia’s primary copper-producing belt that hosts Teck Resource’s world-class Highland Valley Mine, Imperial Metals’ Mount Polley Mine, and Centerra Gold’s Mount Milligan Mine (see Table 1). The MPD project’s Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south and New Gold’s New Afton Mine to the north.
Table 1: Proven and Probable Reserves – Selected Quesnel Trough Copper Porphyry Mines
Property | Date | Operator | Tonnes | Copper Grade | Gold Grade | Silver Grade |
---|---|---|---|---|---|---|
(as at) | (millions) | (% Cu) | (gram per tonne) | (gram per tonne) | ||
Mount Milligan1 | Dec-19 | Centerra Gold | 191 | 0.23 | 0.39 | – |
Copper Mountain2 | Jan-20 | Copper Mountain | 413 | 0.24 | 0.11 | 0.76 |
Mt. Polley3 | Sep-19 | Imperial Metals | 54 | 0.34 | 0.3 | 0.9 |
Highland Valley4 | Dec-19 | Teck Resources | 484 | 0.31 | – | – |
Sources:
Jeff Ward, P.Geo, and VP Exploration of the Company is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this web page.
* Metal prices used to calculate Cu Equivalent (% CuEq) are: Au $1800/oz, Ag $19/oz & Cu $2.90/lb
** Metal prices used to calculate Cu Equivalent (% CuEq) are: Au $1500/oz, Ag $16/oz and Cu $2.60/lb. All values report in USD and do not consider metal recoveries Copper equivalent grades (%CuEq) are for comparative purposes only. All values report in USD and do not consider metal recoveries.