Inco Grading 3.1% nickel .... “THIS IS A MINE” The Creighton Deep Project, a deep mine exploration program, has the potential to almost double the proven and probable reserves at Creighton from 17 million metric tons grading 3.1% nickel and 2.5% copper to up to 32 million metric tons grading 1.9 to 2.2% nickel and 2 to 2.3% copper.
CVRD has proven and probable reserves of 850 million metric tons grading 1.37% nickel and, the largest in the world, the Ontario deposits represent 17.8% of its total reserves, as reported on the Form 20F annual report for 2006 filed with the US Securities and Exchange Commission.
In operation since 1901, Creighton has delivered a total of 173 million metric tons over its life with an average grade of 1.52% nickel and 1.22% of copper.