Yellowhead Mining Inc
Yellowhead Mining Inc
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Fri Jul 4, 2008:
Newsletter 20 ( more )

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Newsletter 18 ( more )

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Newsletter 16 ( more )

Yellowhead Mining Inc
Yellowhead Mining is a private Canadian company with a 100% interest in the Harper Creek copper-gold-silver advanced exploration project in south-central British Columbia, approximately 90 kilometres from Kamloops. Harper Creek offers exceptional potential as the largest, most advanced green-field volcanogenic sulphide project in British Columbia and one of the largest copper pre-development projects in Canada.

HARPER CREEK PROJECT HIGHLIGHTS
  • NI 43-101 Indicated resource of 538.4 million tonnes grading 0.32% copper and Inferred resource of 64.7 million tonnes grading 0.34% copper, containing 3.8 billion pounds and 0.5 billion pounds of copper respectively, at a 0.2% copper cut-off.
  • Pit-optimized resource of 456 million tonnes grading 0.30% copper, with 3.0 billion pounds contained copper plus unquantified gold and silver, based on a 0.2% copper cut-off with stockpiled and blended 0.15 - 0.2% copper.
  • Based on 70,000 tonnes/day milling, this represents an 18 mine life.
  • Stripping ratio 1.03:1 life of mine; 0.81:1 for the first 3 years.
  • At a copper price of $3.00 per pound, the investment would be paid back in less than two years
  • A Preliminary Economic Assessment completed in April 2008 shows cash mine-site operating cost of $1.02/lb copper for the first 3 years, and $1.34/lb over the life of mine at 70,000 tonnes/day
  • Harper Creek is located adjacent to rail, highway, power, water and town-sites.
  • Ongoing metallurgical testing of samples resulted in a cleaner-stage concentrates grading 28.8% - 30.9% copper with recoveries ranging from 86.8% to 88%, plus gold and silver in concentrate ranging from 1.6 - 4.8 g/t gold and 91.5 - 106.9 g/t silver. The tests were run on material with head grades of 0.35% copper and 0.75% copper. Deleterious elements in ore and concentrates are well below levels that would attract penalties.
  • Drilling data of 57,338 metres, including 29,701 metres on the deposit by Noranda and US Steel in the 1960's and 1970's and a junior exploration company in 1996, and 27,636 metres by Yellowhead in 2006 - 2008.
  • Mineralized envelope greater than 2.0 km along strike, over 2.0 km down dip, in a 1 kilometre thickness of volcano-sedimentary stratigraphy, and open in all dimensions
  • A feasibility study is planned to commence in 2008.
  • Numerous exploration targets outside the known deposit envelope have been identified through airborne geophysics and soil geochemistry.
  • Yellowhead Mining owns or controls mineral tenures of 40,101 hectares.