Business
Getty Receives Updated Resource Estimate on Getty South Deposit
Getty Receives Updated Resource Estimate on Getty South Deposit.
About this update from Getty Copper Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol TSX:V GTC\n\n\nCOQUITLAM, BC, July 19 /CNW/ - The company wishes to announce that it has\nreceived a National Instrument 43-101 (NI 43-101) Technical Report for the\nGetty South Copper deposit located in the Highland Valley area near Kamloops\nin British Columbia. The report was prepared by Craig L. Parkinson, P.G. of\nVector Engineering, Inc.\n\n\nThe report discloses that the inferred resources consist of 28.16 million\ntonnes, having a grade of 0.47% copper at a cut off grade of 0.20% copper.\n\n\n INFERRED RESOURCE SUMMARY\n GETTY SOUTH DEPOSIT\n CUT-OFF GRADE (equal sign) 0.20% COPPER\n\n-------------------------------------------------------------------------\nOre Type Tonnes Grade Pounds of Copper\n (000's) (% Cu) (millions)\n-------------------------------------------------------------------------\nOxide 3,100 0.51 34.6\n-------------------------------------------------------------------------\nSulfide 25,060 0.46 255.4\n-------------------------------------------------------------------------\nTotal 28,160 0.47 290.0\n-------------------------------------------------------------------------\n\n\nThe Getty South property is currently 50% owned and controlled by Getty\nCopper Inc., and 50% owned by Robak Industries Ltd., a private company owned\nby John Lepinski, a director of Getty Copper Inc.\n\n\nThe Getty South property consists of 22 crown granted claims which are\nlocated approximately 5 km north of the former Bethlehem mine, in the Highland\nValley mining camp.\n\n\nThe report also recommends at least three in-fill diamond drill core\nholes should be drilled to a depth of 500 meters each at an estimated cost of\n$150,000, as well as conduct a program of additional in-fill drilling,\ntrenching and bulk sampling.\n\n\nThe inferred mineral resource is prepared in accordance with the Canadian\nInstitute of Mining, Metallurgy and Petroleum (CIM) definition standards on\nMineral Resources and Mineral Reserves, and the author of the report is an\nindependent Qualified Person within the meaning of NI 43-101.\n\n\nThe date of the report is June 18, 2007. The report utilized data from\n118 diamond drill holes totaling 19,003 meters. In addition to the 118 drill\nholes, 15 trenches having a total trench length of 1,572 meters were evaluated\nin conjunction with the observations made in 1,719 meters of u...