- CHU PROJECT - MOLYBDENUM IN THE NECHAKO PLATEAU

Transcription

1 - CHU PROJECT - MOLYBDENUM IN THE NECHAKO PLATEAU

2 THIS PRESENTATION CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS, WHICH INCLUDE ESTIMATES, FORECASTS, AND STATEMENTS AS TO MANAGEMENT S EXPECTATION WITH RESPECT TO, AMONG OTHER THINGS, THE USE OF PROCEEDS, THE COMPLETION OF THE TRANSACTIONS, THE ABILITY TO OBTAIN REGULATORY APPROVAL, THE SIZE AND QUALITY OF THE COMPANY S MINERAL RESERVES AND MINERAL RESOURCES, FUTURE PRODUCTION, CAPITAL AND MINE PRODUCTION COSTS, DEMAND AND MARKET OUTLOOK FOR COMMODITIES, AND THE FINANCIAL RESULTS OF THE COMPANY. THESE FORWARD-LOOKING STATEMENTS INVOLVE NUMEROUS ASSUMPTIONS, RISKS AND UNCERTAINTIES AND ACTUAL RESULTS MAY VARY. FACTORS THAT MAY CAUSE ACTUAL RESULTS TO VARY INCLUDE, BUT ARE NOT LIMITED TO, CERTAIN TRANSACTIONS, CERTAIN APPROVALS, CHANGES IN COMMODITY AND POWER PRICES, CHANGES IN INTEREST AND CURRENCY EXCHANGE RATES, INACCURATE GEOLOGICAL AND METALLURGICAL ASSUMPTIONS (INCLUDING FAILURE OF PLANT, EQUIPMENT OR PROCESSES TO OPERATE IN ACCORDANCE WITH SPECIFICATIONS, COST ESCALATION, UNAVAILABILITY OF MATERIALS AND EQUIPMENT, DELAYS IN THE RECEIPT OF GOVERNMENT APPROVALS, INDUSTRIAL DISTURBANCES, OR OTHER JOB ACTION, AND UNANTICIPATED EVENTS RELATED TO HEALTH, SAFETY AND ENVIRONMENTAL MATTERS), POLITICAL RISK, SOCIAL UNREST, AND CHANGES IN GENERAL ECONOMIC CONDITIONS OR CONDITIONS IN THE FINANCIAL MARKETS. THESE RISKS ARE DESCRIBED IN MORE DETAIL IN THE ANNUAL INFORMATION FORM OF THE COMPANY. THE COMPANY DOES NOT ASSUME THE OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS AFTER THE DATE OF THIS REPORT OR TO REVISE THEM TO REFLECT THE OCCURRENCE OF FUTURE UNANTICIPATED EVENTS, EXCEPT AS MAY BE REQUIRED UNDER APPLICABLE SECURITIES LAWS. FOR MORE COMPLETE DISCUSSION, PLEASE REFER TO THE COMPANY S AUDITED FINANCIAL STATEMENTS AND MD&A FOR THE YEAR ENDED JUNE 30, 2009 ON THE SEDAR WEBSITE AT

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7 THE PROPERTY CONSISTS OF 36 MINERAL CLAIMS COVERING AN AREA OF 14,000 HECTARES. REGIONALLY THE PROPERTY IS LOCATED IN THE NECHAKO RANGE WHICH RISES ABOVE THE NECHAKO PLATEAU. THE RANGE ITSELF IS PRIMARILY HAZELTON GROUP CLASTIC TO SEDIMENTARY ROCKS WITH LESS ABUNDANT ANDESITIC TUFFS AND BRECCIAS OF LOWER TO MIDDLE JURASSIC AGE. THE SOUTHERN END OF THE RANGE ABUTS AGAINST THE CHU PLUTON A COARSE-GRAINED GRANODIORITE OF EOCENE AGE. FORMATIONS TREND NORTHWESTERLY PARALLEL TO THE AXIS OF THE RANGE.

8 AT A PROPERTY SCALE, CENTRAL TO THE MINERALIZATION, THE PROPERTY IS UNDERLAIN BY JURASSIC AGE HAZELTON GROUP ROCKS. FROM NORTH TO SOUTH THE PRINCIPAL UNITS ARE ANDESITE AND GRAPHITIC ARGILLITE WHICH ARE VARIABLY MINERALIZED, THESE ARE UNDERLAIN BY HORNFELSED SILTSTONE, WHICH HOSTS THE BULK OF THE MINERALIZATION; ALL UNITS ARE TRUNCATED BY THE CHU PLUTON TO THE SOUTH. THE HORNFELSED SILTSTONE UNIT IS CUT BY BOTH MAFIC AND FELSIC DYKES; THE MAFIC DYKES ARE BARREN, THE FELSIC DYKES, PARTICULARLY QUARTZ-FELDSPAR PORPHYRY DYKES ARE MINERALIZED. THE QUARTZ-FELDSPAR DYKES HAVE LOCALLY ACTED AS FEEDER SYSTEMS ALONG PRE- EXISTING FAULT ZONES AND HAVE BROUGHT MOLYBDENUM MINERALIZATION FROM THE PLUTON INTO THE HORNFELSED SILTSTONE WITH BOTH THE DYKES AND THE CONTACTS ZONES WITH HORNFELSED SILTSTONE BEING WELL MINERALIZED.

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11 PLAN VIEW OF THE DEPOSIT MEASURES APPROXIMATELY 1700 METERS IN LENGTH AND 400 METERS WIDE. MOLYBDENUM GRADE SHELLS AT 0.04% MO WITH OUTLINE OF PROPOSED OPEN PIT

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19 HYDROMETRIC PROGRAM & WATERSHEDS

20 HYDROMETRIC SITES

21 HYDROGEOLOGY LSA AND RSA BOUNDARIES

22 WATER QUALITY INVERTEBRATE AND FISH SAMPLING LOCATIONS

23 TTM METEORLOGICAL STATION

24 LSA & RSA CLIMATE AND AIR QUALITY

25 CHU POWER LINE

26 MINE DEVELOPMENT CONCEPT OPTION A

27 MINE DEVELOPMENT CONCEPT OPTION C

28 MINE DEVELOPMENT CONCEPT OPTION D