MPD Copper-Gold Porphyry Project

  • 7850 hectare (78.5 km2) land package in South-Central British Columbia, 100% owned; recently consolidated
  • In a known, productive copper-gold porphyry belt; nearby mines with similar host rocks (Highland Valley, Copper Mountain, Mt. Milligan, Mt. Polley)
  • Year-round access by service roads adjacent to highway

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Source: BC Geological Survey

Project Summary

  • 129 drill holes (25780 m) completed from 1966 to 2014. Previous operators include Rio Tinto PLC (LSE:RIO) and Newmont Mining Corp (NYSE: NEM)
  • Numerous showings; copper confirmed
    to-date across a large, 10km2 area
  • Favourable gold-to-copper ratios
  • Untested Cu and Au soil anomalies are near-term drill targets
  • Mineralization from surface, historic drill holes rarely tested below 200m vertical depth.  Limited deeper drilling confirms significant depth/size potential

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The MPD Project is located in the Quesnel Trough, British Columbia’s primary copper-producing belt that hosts Teck Resource’s world-class Highland Valley Mine, Imperial Metals’ Mount Polley Mine, and Centerra Gold’s Mount Milligan Mine (see Table 1).  The MPD project’s Nicola Belt geology has many similar characteristics to the neighbouring alkalic porphyry systems at the Copper Mountain Mine to the south, New Gold’s New Afton Mine to the north, and Evrim Resources’ nearby Axe Project which was recently optioned to Antofagasta.

Table 1: Proven and Probable Reserves – Selected Quesnel Trough Copper Porphyry Mines

Property Date Operator Tonnes Copper Grade Contained Copper Gold Grade Contained Gold Silver Grade Contained Silver
(as at) (millions) (% Cu) (millions of lbs) (gram per tonne) (millions of oz) (gram per tonne) (millions of oz)
Mount Milligan1 Dec. 31
2018
Centerra Gold 467.939 0.188 1,938 0.3 5.138
Copper Mountain2 Sept. 1
2018
Copper Mountain 210.079 0.26 1,209 0.08 0.504 0.89 5.981
Mt. Polley3 July  2017 Imperial Metals 73.613 0.27 443 0.29 0.692 0.56 1.331
Highland Valley4 2018 Teck Resources 589,500 0.30 1.540

Sources:

  1. https://www.centerragold.com/operations/mount-milligan/production-and-reserves
  2. https://www.cumtn.com/operations/copper-mountain-mine/overview/
  3. https://www.imperialmetals.com/assets/docs/2017-reserve_resource%20table.pdf
  4. https://www.teck.com/investors/reserves-&-resources/

Management will provide further information on 2019 exploration plans at MPD as the project database is analyzed.

Jeff Ward, P.Geo, and VP Exploration of the Company is a “Qualified Person” as defined under NI 43-101 has reviewed and approved the technical content of this web page.

© 2017 Dunnedin Ventures Inc.. All rights reserved.

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