AUDIO: Copperco Limited ASX: CUO - Mineral Resource Estimate For Anthill Prospect - Buckley River Project - Mr Brian Rear, MD
Sydney, Dec 12, 2007 (ABN Newswire) - Copperco Limited (ASX: CUO) - Mineral Resource Estimate for Anthill Prospect - Buckley River Project - Mr Brian Rear, MD; Copperco Limited (ASX: CUO) present the following audio webcast regarding "Mineral Resource Estimate for Anthill Prospect - Buckley River Project".
Broadcast Type: Audio stream
Audio webcast Link:
Listen to the Audio stream and view the announcement for Copperco Limited (ASX: CUO) below.
http://abnnewswire.net/vlnk/69361L2S
Highlights:
- An inaugural Oxide and Sulphide, Indicated and Inferred Mineral Resource estimate is given as 3.9 Mt at 1.1% Cu (a contained 43,200t of copper metal), at a cut-off grade of 0.3% Cu.
- The global Lady Annie Project Mineral Resource inventory now stands at 40 Mt at 0.9% Cu for 358,700 tonnes of contained copper metal underpinning a potential expansion to achieve a 30,000 tpa annual copper production rate.
- The global Mineral Resource inventory now established represents an 86% increase in tonnage and contained copper compared to one year ago.
- The high tenor of oxide copper grade within the deposit is considered favourable for road transport of the ores to Mount Kelly pending optimisation studies.
- Oxide mineralisation at Anthill remains open in several directions with high potential for further resource addition.
- Sparse deeper drilling has identified ore grade sulphide drill intercepts, and this deeper mineralisation potential will be evaluated over the forthcoming year.
- The Anthill Prospect is the most advanced of several geochemical anomalies within the Buckley River Project area. Drill testing of other Prospects will commence in 2008.
About COPPERCO LIMITED
The Company has consolidated approximately 2,500km2 of Mining Leases and Exploration Permits in the Mount Isa Block, making it a major tenement holder in the region. This consolidation has resulted in a coherent, multi-tenement package covering some 100km of strike length in the Western Succession, hosting several known copper oxide and sulphide resources and prospects and giving it the potential to simultaneously develop several projects.
