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corporate highlights
Cloncurry Copper Project (CCP) - NW Queensland (Exco 100%)
Highlights for the Cloncurry Copper Project (for the three months ending 30 September 2008) include:
- Major Resource Upgrades at the E1 Camp:
- E1 North now contains 12.3Mt @1.00% Cu and 0.29g/t Au representing a 55% increase in the overall resource, with 63% now in the Indicated Category
- E1 South now contains 18.2Mt @ 0.67% Cu and 0.18g/t Au with 40% having been converted to the Indicated category
- Total project resources now comprise 43.2Mt
- Discovery of new mineralised zone at E1 North: Drilling on
the eastern limb has identified further resource potential
- Definitive Feasibility Study (DFS): Good progress on all planned activities. On track for completion during early 2009.
Cloncurry Copper Project Resource Summary Table
Deposit |
Type |
Tonnes |
Cu% |
Au g/t |
Cu T |
Au Oz |
Cloncurry Copper Project (CCP)
|
E1 North (1)* |
Indicated* |
7,800,000 |
1.06 |
0.32 |
82,900 |
79,900 |
| |
Inferred* |
4,500,000 |
0.88 |
0.25 |
40,000 |
36,800 |
| |
TOTAL* |
12,300,000 |
1.00 |
0.29 |
122,900 |
116,700 |
| E1 South* |
Indicated* |
7,300,000 |
0.73 |
0.20 |
53,400 |
47,100 |
| |
Inferred* |
10,900,000 |
0.63 |
0.16 |
68,400 |
56,800 |
| |
TOTAL* |
18,200,000 |
0.67 |
0.18 |
121,900 |
103,900 |
| E1 East |
Inferred |
8,000,000 |
0.83 |
0.26 |
66,000 |
65,500 |
Sub Total -
E1 Deposits |
|
38,500,000 |
0.81 |
0.23 |
310,800 |
286,100 |
Monakoff (1) |
Indicated |
926,000 |
1.59 |
0.47 |
14,700 |
14,000 |
| |
Inferred |
976,000 |
1.57 |
0.49 |
15,300 |
15,400 |
| |
TOTAL |
1,902,000 |
1.58 |
0.48 |
30,000 |
29,400 |
| Monakoff East |
Inferred |
700,000 |
1.25 |
0.36 |
8,700 |
8,000 |
Great Australia (1) |
Indicated |
1,378,000 |
1.53 |
0.13 |
21,000 |
5,700 |
| |
Inferred |
756,000 |
1.57 |
0.14 |
11,900 |
3,300 |
| |
TOTAL |
2,134,000 |
1.54 |
0.13 |
32,900 |
9,000 |
| Sub Total - CCP |
|
43,236,000 |
0.88 |
0.24 |
382,400 |
332,500 |
Other Deposits
|
Turpentine |
Indicated |
1,626,600 |
1.04 |
0.21 |
17,000 |
10,800 |
| |
Inferred |
214,600 |
0.9 |
0.16 |
2,000 |
1,000 |
| |
TOTAL |
1,841,000 |
0.13 |
0.2 |
19,000 |
11,800 |
| Taipan |
Inferred |
1,460,000 |
0.80 |
0.1 |
11,600 |
5,000 |
|
Inferred |
875,000 |
1.65 |
1.0 |
14,400 |
28,000 |
Wallace South |
Inferred*** |
1,000,000 |
- |
1.6 |
- |
53,000 |
Victory-Flagship |
Inferred |
196,000 |
1.2 |
1.4 |
2,300 |
8,800 |
Mt Colin (1) |
Measured** |
113,800 |
3.80 |
- |
4,330 |
- |
| |
Indicated** |
311,000 |
3.49 |
- |
10,900 |
- |
| |
Inferred** |
242,000 |
3.16 |
- |
7,650 |
- |
|
TOTAL |
667,195 |
3.43 |
- |
22,880 |
- |
| Sub Total Other |
|
6,039,000 |
1.16 |
0.55 |
70,180 |
106,600 |
| TOTAL |
|
49.3Mt |
0.92 |
0.28 |
452,580 |
439,100 |
Note: Discrepancies in totals are a result of rounding
(1) Granted Mining Lease
Unless otherwise stated the above resources are reported at a 0.5% Cu cut-off.
*E1 North and E1 South resources completed at 0.3% Cu cut-off.
**Mt Colin resource cut-off = 2.3% Cu
***Wallace South resource cut-off = 0.5g/t
Joint Ventures
Updates on the Company's Joint Venture Activites (for the three months ending 30 September 2008) are as follows:
- Exco - Ivanhoe Joint Venture: Ivanhoe completes initial JV earn-in
and signals intention to continue exploration
- Positive results from Paradigm JV: Vanadium and
Molybdenum mineralisation requires further investigation
White Dam Gold Project - South Australia
(Exco 50%, Polymetals 50%)
Highlights for the White Dam Gold Project (for the three months ending 30 September 2008) include:
- Update on Approvals Process (MARP): Final Sign off expected to take place Q4 2008
White Dam Gold Project Mineral Resource Estimate
White Dam Gold Project Mineral Resource Estimate |
| |
Indicated |
Inferred |
Total |
| Type |
|
|
|
|
|
Cut (g/t) |
Ounces |
White Dam
Oxide |
5,529,000 |
1.12 |
8,000 |
1.595 |
5,538,000 |
1.12 |
199,900 |
White Dam
Fresh |
493,000 |
1.13 |
1,288,000 |
0.961 |
1,781,000 |
1.01 |
57,600 |
| Sub Total |
6,022,000 |
1.12 |
1,296,000 |
0.96 |
7,318,000 |
1.09 |
257,400 |
| Vertigo |
|
|
1,785,000 |
1.28 |
1,785,000 |
1.28 |
73,000 |
| TOTAL |
6,022,000 |
1.12 |
3,081,000 |
1.14 |
9,103,000 |
1.13 |
330,400 |
0.5 g/t cut off grade applied at White Dam;
0.7 /gt cut off grade applied at Vertigo |
For more detailed information in relation to these updates, please refer to the announcements section of the Exco website:
http://www.excoresources.com.au/investors-media.html
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