The Company continues drilling at its CSH Mine for the purpose of exploring for higher grade mineralization down depth
and mineralization in between the two open pits, where previous drilling was limited due to very broken ground. As at
June 30, 2012, the Company has successfully completed approximately 4,600 meters of its planned 10,200 meter drilling
for the year.
The 2010 drill program was completed at the Jiama Mine in December 2010 with 76 drill holes totaling 45,537 meters.
The 2010 drill program defined and upgraded a significant amount of Jiama’s inferred resources to measured and indicated
resources. As a result, the total measured and indicated resources increased by 443% from 185.1 million tonnes
mineralized materials averaging 0.74 percent copper and containing 1.38 million tonnes of copper to 1,006.0 million
tonnes averaging 0.41 percent copper and containing 4.08 million tonnes of copper.
The reserve for the Jiama Mine will be updated following completion of the ongoing feasibility study that will define the
scope and scale of the Phase II mine expansion at the Jiama Mine.
As of June 30, 2012, the Company successfully completed 10,750 meters of its planned 44,900 meter drilling program for
2012 The Company is in preparation for a mine expansion feasibility study
and reserve analysis. • At the Jiama Mine, a 37,000 metre (71 holes) drilling program was completed in the fourth
quarter of 2011 within the mining permit area. In order to increase production and mining capacity, the Company is
in the process of updating the early feasibility study and reserve estimate