January 7, 2009
Prospector Consolidated reported on Nov 24, 2008, the preliminary drill results by providing the weighted average %WO3 for the total length of the drill core for each of the four drill holes. The table below now points to significant intervals that were not previously included in the previous News Release. Prospector believes the presence of these higher grade intervals will assist in targeting the location of drill holes in the 2009 drill program
It’s still premature to speculate as to the size and grade of a potential deposit or the costs of treatment, however Prospector plans to generate an inferred resource estimate using Prospector’s drill data along with data collected by Copper Ridge and Union Carbide. Once this resource model has been prepared, we will initiate a scoping study to generate preliminary project economics.
|
Drill Hole |
Total hole length, Meters |
Weighted average % WO3
|
Including
% WO3 |
|
K-08-08 |
68 |
0.15 |
18 m @ 0.21 %
26 m @ 0.19 % |
|
K-08-09 |
141.3 |
0.21 |
101 m @ 0.28% |
|
K-08-10 |
95 |
0.07 |
27 m @ 0.13 % |
|
K-08-11 |
191.2 |
0.09 |
42.5 m @ 0.2% |
Our drilling, as well as the historic drilling by Union Carbide and Copper Ridge together, covers less than 10% of the greater than 0.12 % WO3 rock chip surface anomaly. Prospector will update our investors on the size and precise location of the area we have tested and what the plan and budget will be for the upcoming field season.
Henry Neugebauer, P. Eng.
President |
