New reserve calculation expected for Chu Chua

The property is located within trucking distance (30 miles by road) from Minnova’s 70%-owned Samatosum mine which is now in its start-up phase.

A new reserve calculation will incorporate results from a drill program designed to define the limits and grade of the open pittable portion of a much larger, vertically dipping massive sulphide deposit.

At the end of last year’s program, Minnova had outlined a drill- indicated reserve of 785,000 tons of 3.1% copper or 460,000 tons of 4.07% copper. However, this year’s drilling is showing better gold values that could provide an important byproduct to a potential mining operation.

Intercepts from recent drilling were calculated using a 1.5% copper cut-off grade. Selected results include: Ft % copper Oz/t gold 17.1 5.65 0.022 14.7 3.26 0.027 41.4 4.69 0.021 37.7 2.05 0.017 16.4 3.98 0.039 13.1 3.47 0.075 20.0 5.20 0.026 11.8 4.98 0.022 27.6 3.43 0.035 18.3 4.00 0.010 23.9 3.87 0.035 24.2 2.48 0.020

Minnova is earning a 50% interest in the Chu Chua property which is owned equally by International Vestor Resources (VSE), Pacific Cassiar (TSE) and Quinterra Resources (TSE).

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