OTCPK:IAUFF - Post by User
Post by
jcjohn36on Dec 07, 2011 10:28am
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Post# 19298887
New resource estimate
New resource estimateHuge new numbers!!
Tumpangpitu now contains 15 Billion pounds of copper and 25 million ounces of gold (at 0.2% copper cut-off) Mineralisation remains open at depth and laterallyPotential at tumpangpitu stands at an additional 40% to 60% of the current resource tonnage at a slightly reduced grade
New estimate does not include five completed holes awaiting logging and assaying
Initial drill program at salakan porphyry to commence Q1 2012
"Intrepid notes that, while this latest Inferred Resource estimate is a significant increase to that
of the May 2011 estimate, the Company remains confident that the porphyry copper-gold resource
at Tumpangpitu will continue to grow, as additional drilling is completed over the coming months"