GREY:HNMFF - Post Discussion
Post by
Retail21 on Dec 21, 2010 8:03pm
CCY 1/10 the Mcap of HMG
2010-12-17 14:28 ET - News Release
Mr. Terence Hodson reports
CATALYST COPPER ANNOUNCES RESOURCE ESTIMATE FOR LA VERDE, MEXICO
Micon International Engineering, of Vancouver, has completed an NI 43-101-compliant independent resource estimate of Catalyst Copper Corp.'s La Verde copper project, Michoacan state, Mexico.
Using a cut-off grade of 0.2 per cent copper, the East and West Hill deposits at La Verde contain measured and indicated resources of 210.5 million tonnes averaging 0.46 per cent total copper (TCu), containing 2.1 billion pounds of copper. An inferred resource of 130.8 million tonnes grading 0.46 per cent TCu contains 1.3 billion pounds of copper.
The Micon report indicates that there is potential for additional tonnage in both deposits especially at depth. Micon, therefore, recommends that additional delineation drilling around the perimeter of the deposits and at depth should be initiated.
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