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Drill Hole Location Plan



2006 -2008 Exploration Programs

Programs consists of surface geological mapping, diamond drilling, environmental base line studies, metallurgical testing and resource generation.

Diamond Drilling

Mosquito has drilled 44,102 feet (13,442 meters) in 20 holes during the 2006-2008 exploration programs combining this with the previous drilling on the property by others brings to total footage drilled to 80,184 feet(24,440 meters) in 45 holes.

Drilling has defined four(4) mineralized zones on the property. Each with different metal distributions and recoveries.

Note: in the following RCV Cu equivalent and Gross Recovered Value(GRV) are used. Please refer to bottom of page for a description of how to calculate these values

Oxide Zone: Near surface zone that is oxidized usually comprises the oxidized parts of the CuAg and CUMO zones. Varies in thickness up to 200 feet and averages approx. 150 feet thick. Currently considered as waste.

Average Grade from intersections:

0.015% MoS2, 0.05% Cu, 1.94 gms Ag/T, 24 ppm W, 0.16 % Rcv Cu Equiv.

Tons in resource at $5 GRV cutoff:
Indicated 129.4 million tons grading

0.034% MoS2, 0.10% Cu, 2.83 gms Ag/T. 37.6 ppm W, 0.34 % Rcv Cu Equiv.
Inferred 216.5 million tons grading
0.019% MoS2, 0.11% Cu, 2.783 gms Ag/T. 31.1 ppm W, 0.23 % Rcv Cu Equiv.

CuAg zone: Copper silver zone with very low molybdenum mineralization. It occurs in the outer edge of the mineralization system. Locally very high grade (>100 gms Ag/ton veins are found within this zone). Zone ranges between 250 and 400 feet in thickness.

Average Grade from intersections:
0.017% MoS2, 0.09% Cu, 3.01 gms Ag/T, 29 ppm W, 0.23 % Rcv Cu Equiv.

Tons in resource at $5 GRV cutoff:
Indicated 66.3 million tons grading

0.023% MoS2, 0.11% Cu, 3.04 gms Ag/T. 29 ppm W, 0.29 % Rcv Cu Equiv.
Inferred 569.7 million tons grading
0.021% MoS2, 0.10% Cu, 2.56 gms Ag/T. 30 ppm W, 0.26 % Rcv Cu Equiv.

CuMo zone: Copper molybdenum zone is a transition form the copper dominant part of the system to the molybdenum dominant. It ranges in thickness form 300 to 700 feet.

Average Grade from intersections:
0.049% Mos2, 0.10% Cu, 3.03 gms Ag/T, 45 ppm W, 0.51 % Rcv Cu Equiv.

Tons in resource at $5 GRV cutoff:
Indicated 525.8 million tons grading

0.056% MoS2, 0.11% Cu, 2.97 gms Ag/T. 47 ppm W, 0.59 % Rcv Cu Equiv.
Inferred 585.4 million tons grading
0.065% MoS2, 0.10% Cu, 2.87 gms Ag/T. 20 ppm W, 0.66 % Rcv Cu Equiv.

Mo zone: Main Molybdenum bearing stockwork zone. It ranges in thickness form 300 to 700 feet.

Average Grade from intersections:
0.106% Mos2, 0.05% Cu, 1.7gms Ag/T, 19 ppm W, 0.95 % Rcv Cu Equiv.

Tons in resource at $5 GRV cutoff:
Indicated 644.2 million tons grading

0.102% MoS2, 0.04% Cu, 1.50 gms Ag/T. 46 ppm W, 0.92 % Rcv Cu Equiv.
Inferred 867.2 million tons grading
0.082% MoS2, 0.03% Cu, 1.36 gms Ag/T. 37 ppm W, 0.75 % Rcv Cu Equiv.

The current overall resource at the $5 GRV cutoff is as follows

Indicated 1,374.4 million tons grading
0.074% MoS2, 0.08% Cu, 2.26 gms Ag/T. 45 ppm W, 0.71 % Rcv Cu Equiv.
Inferred 2,246 million tons grading
0.056% MoS2, 0.07% Cu, 2.20 gms Ag/T. 35 ppm W, 0.55 % Rcv Cu Equiv.


Full details can be found on the Reports Page

Example of typical Metal zonation at Cumo

Significant Results from the drilling is summarized below.



Hole

From

To

Length

MoS2

Cu

Ag

W

recv

Name

feet

feet

feet

%

%

Gms/T

ppm

Cu Equiv.

C06-27

120

1,849

1,729

0.084

0.06

1.60

49.48

0.77

C06-27

1,080

1,849

769

0.133

0.04

0.99

58.84

1.16

C06-28

50

1,690

1,640

0.097

0.07

1.92

54.29

0.89

C06-28

840

1,240

400

0.162

0.03

0.98

67.82

1.40

C07-29

190

2,230

2,040

0.103

0.08

2.13

53.46

0.95

C07-29

1,180

1,790

610

0.169

0.04

1.20

36.91

1.46

C07-30

40

2,386

2,346

0.108

0.06

2.05

41.28

0.98

C07-30

1,180

1,988

808

0.185

0.04

1.46

37.03

1.59

C07-31

22

2,104

2,082

0.064

0.07

1.76

43.25

0.61

C07-31

780

1,540

760

0.081

0.05

1.45

45.31

0.74

C07-32

22

2,104

2,082

0.109

0.09

2.26

61.14

1.00

C07-32

780

1,540

760

0.129

0.10

2.62

77.08

1.19

C07-33

722

2,094

1,372

0.026

0.07

2.01

47.68

0.30

C07-33

1,980

2,094

114

0.084

0.10

2.68

67.05

0.82

C07-34

140

1,769

1,629

0.034

0.08

2.30

53.46

0.37

C07-34

1,550

1,769

219

0.074

0.09

2.36

67.14

0.71

C08-35

120

2,640

2,520

0.057

0.06

1.73

36.79

0.54

C08-35

420

2,640

2,220

0.062

0.07

1.69

38.98

0.58

C08-35

1,730

2,640

910

0.089

0.05

1.37

35.40

0.81

C08-36

560

2,488

1,928

0.088

0.05

1.42

34.09

0.79

C08-36

920

2,488

1,568

0.103

0.04

1.04

33.42

0.91

C08-37

60

2,195

2,135

0.084

0.05

1.67

42.18

0.76

C08-37

780

2,130

1,350

0.104

0.02

1.17

41.01

0.90

C08-38

170

2,441

2,271

0.029

0.06

4.40

31.51

0.32

C08-39

310

2,688

2,378

0.099

0.06

1.38

51.71

0.89

C08-39

900

2,390

1,490

0.122

0.04

1.09

57.03

1.07

C08-40

60

2,252

2,192

0.115

0.06

3.79

46.45

1.04

C08-40

390

2,080

1,690

0.129

0.06

4.27

45.45

1.17

C08-40

1,110

1,820

710

0.142

0.04

7.78

44.76

1.29

C08-41

850

2,830

1,980

0.067

0.08

2.23

42.87

0.65

C08-41

1,490

2,030

540

0.107

0.08

2.99

38.02

0.99

C08-41

2,490

2,830

340

0.077

0.06

1.53

33.55

0.70

C08-42

550

2,707

2,157

0.044

0.06

5.81

25.02

0.47

C08-42

950

2,707

1,757

0.047

0.07

6.78

26.75

0.50

C08-42

1,970

2,707

737

0.063

0.05

1.61

21.22

0.58

C08-43

165

1,303

1,138

0.044

0.09

4.23

52.17

0.48

C08-43

660

820

160

0.071

0.11

3.14

44.74

0.71

C08-44

1,125

2,840

1,715

0.028

0.02

0.89

28.71

0.27

C08-44

2,560

2,690

130

0.055

0.02

1.47

20.09

0.49

C08-45

170

1,796

1,626

0.021

0.15

3.08

41.75

0.33

C08-45

1,010

1,796

786

0.032

0.18

3.05

39.74

0.44


Notes:
All tables are taken from Holmgren and Giroux, 2009.
GRV is a gross recovered value .

Due to TSX exchange rules only the cutoff can be reported prior to feasibility, not the actual values.

a Copper equivalent (Cu. Equiv.) and Molybdenite Equiv. (MoS2 Equiv.) are based on the following metal prices(all in US$): Copper $1.50/lb, Molybdenum Oxide ($15/lb), Silver $0.35/gram and Tungsten $0.22/gram.($7.00 per lb)
Other factors include 1% = 20 pounds; 1 ppm = 1 gm/T; 1000 ppb =1 ppm = 1 gm/T.

Molybdenum is sold as either ferro-molybdenite or molybdenum oxide. The price used is $15 per pound Molybdenum oxide.
To obtain the amount of Molybdenum oxide that can be produced from MoS2, the following is required: convert MoS2 to Mo by dividing MoS2 by 1.6681 then convert to MoO3 (Molybdenum Oxide) by multiplying by 1.5. Therefore the amount of molybdenum oxide is pounds MoS2 times 1.5 / 1.6681.

Metallurgical recoveries used in calculation are as follows for each metal zones. Recoveries are slightly lower that those currently reported by SGS in their recent metallurgical study.

Zone

Cu%

MoS2%

Ag %

W %

Oxide

60%

80%

70%

35%

CuAg

68%

85%

73%

35%

CuMo

87%

92%

78%

35%

Mo

80%

95%

55%

35%



Formulas :
Recv for a metal is taken from the above table for each assay/block in a particular zone and is value percentage/100

GRV= ((Cu*20*$* recv)+((MoS2*20*(1.5/1.6681)*$(MoO3)* recv)+(Ag*$* recv)+(W*$* recv))
Rcv Cu. Equiv. = GRV / ($(Copper) *20)

Mineral Resources do not have demonstrated economic viability.

An Indicated Mineral Resource is that part of a mineral resource for which quantity and grade can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and evaluation of the economic viability of the deposit.

An Inferred Mineral Resource is that part of a mineral resource for which quantity and grade can be estimated, on the basis of geological evidence and limited sampling and reasonably assumed geological and grade continuity.



Geology maps and sections



Click on above map to display geology plan and various sections through the deposit.