Joshua Copper Project - Chile
♦ 100% owned exploration concession targeting Cu/Au porphyry systems. Surrounds the Carmelita Mine which is artisanally mining ~2.5% Cu oxide material.
♦ Geological mapping and geophysical analysis has confirmed prospectivity with copper stained porphyry material, intrusives, alteration and breccia systems mapped over significant areas on the project.
♦ Maiden 5 hole reverse circulation drill program completed 3Q11 included from surface:
- 243m @ 0.25% Cu + 0.1g/t Au to EOH
- 156m @ 0.20% Cu + 0.1g/t Au
- 147m @ 0.22% Cu + 0.1g/t Au
Figure 1: Joshua Project Location Plan
Figure 2: Joshua Target No1 with respect to idealised cross-section of Classic Porphyry Model (after Lowell & Guilbert, 1970)