The Company plans to drill 13 diamond drill holes totalling 16,890 feet (Please, see "Budgeted Resource Holes Map" for the drill hole locations).
The goal of the program will be to successfully convert a majority of the inferred mineral resource of 1.4 billion pounds of copper (338 tons grading 0.21% Cu) into the measured & indicated mineral resource categories. A new resource calculation is expected by Q2, 2015.
Commenting on the drill program, Stephen Twyerould, President & CEO, Stated, "We have already established a large probable mineral reserve at Gunnison with sufficient metal to support a robust and long-lived operation; however, with just a modest drill program, we have the genuine opportunity to upgrade a significant proportion of our inferred resource into the measured & indicated categories. As we work to complete the feasibility study, an increase in the size of our resource should improve the potential life-of-mine economics of the project, while at the same time, provide us with greater flexibility during operations."
