Potential to Host a Large Tonnage Copper-Moly-Silver Deposit in the Southwestern United States. The Mohave project is similar in many respects to the Bagdad Porphyry deposit located 32km (20 mi) to the ESE within the same regional deformation zone. As of May 2006, Bagdad's reserves were stated as 619 million tons at 0.35% Cu and 0.022% Mo. This is the reserve for the next 20 years using $0.92/lb copper and $5.00/lb molybdenum (2008 in house ADMMR Report, non 43-101 compliant).
Overview: In the late 1960's and early 1970's explorers tested the copper-molybdenum-silver porphyry mineralization in several shallow rotary holes to depths ranging from 100 to 500 ft (30.5 to 152.4m). In September of 2007, Bluestone Resources Inc. signed an agreement with Southwestern Exploration Group (vendors) for the option to earn 100% interest in the Mohave Property. Shortly thereafter, Bluestone proceeded to enlarge the claim block and conduct a Phase 1 Exploration program. September 2007 to June 2008, Exploration
2011 Mohave Exploration Plan: |
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