Thundermin Resources, a Canada-based mineral exploration firm, and Cornerstone Resources have reported a National Instrument 43-101 (NI 43-101) compliant mineral resource calculation for the Whalesback copper deposit, which is situated about 10 km towards the northern part of Springdale, North-Central Newfoundland.
Cornerstone is a 50% joint venture partner of Thundermin. Canada-based P&G Mining Consultants prepared the mineral resource estimate, which contains 797,000 t of indicated resources grading 1.67% copper and 443,000 t of inferred resources grading 1.57% copper.
According to Thundermin Resources’ CE.O and President, John B. Heslop, the company is encouraged by the copper resources that were defined at the Whalesback deposit. This copper resource together with the resources defined at the nearby Little Deer copper deposit may improve the overall economics to expand a fresh mining and milling process for copper at Little Deer deposit.
The Whalesback project stays exposed along strike towards the western and eastern parts and also plunges or down dips. Down-hole pulse EM surveys will begin at the earliest in order to help in finding the best site for the upcoming drill program.
A 2011 preliminary economic assessment of Little Deer deposit showed that there is capacity to expand it. In addition, the Little Deer deposit is exposed along strike and to depth. The company will conduct further resource delineation and in-fill drill programs before performing a pre-feasibility study on the Whalesback or Little Deer copper resources.
Source: http://www.thundermin.com
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