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Development Forecast
Based on the exploration program results, Mosquito Consolidated predicts the property's exploration target is a +1 billion tons grading +0.06% molybdenum, +0.25% copper, 100 ppb rhenium per ton, 2 grams of silver per ton and 0.1 grams of gold per ton with indium and gallium.
The company is proposing to complete the current drill program and produce a 43-101 complaint resource for the property. Following this a new exploration program will be designed to continue following the mineralization to the north and complete any infill drilling required. This will require the filing of a plan of operations and probably an environmental assessment. In addition, some preliminary metallurgical testing will begin to determine metal recoveries from the copper and molybdenum concentrates. The goal is to reach feasibility in 4 to 5 years.
Pine Tree Target is a conceptual target based on the geology, alteration, drill holes and under section 2,3(a) of Ni instrument 43-101 are considered conceptual and there has been insufficient exploration at this time to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource
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