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Yellowhead Mining Inc. – Initiating Coverage; 569 MT Indicated Resources Grading 0.32% Cu at the Harper Creek Project in BC
Jan. 31, 2011 02:28PM PST
Base Metals Investing Fundamental Research Corp. reported that Yellowhead Mining (CVE:YMI) has an indicated resource of 569 million tonnes grading 0.32% Cu and 62.7 million tonnes inferred grading 0.33% with significant gold ans silver values on their wholly owned Harper Creek project near Kamloops, BC.
Fundamental Research Corp. reported that Yellowhead Mining (TSXV:YMI) has an indicated resource of 569 million tonnes grading 0.32% Cu and 62.7 million tonnes inferred grading 0.33% with significant gold ans silver values on their wholly owned Harper Creek project near Kamloops, BC.
The report is quoted saying:
The company’s principal asset is its wholly owned Harper Creek mineral property, which is subject to a 3% NSR royalty capped at $2.5 million (adjusted for inflation), on claims within the resource estimate, plus a further 2.5% NSR royalty on approximately 3.3 million tonnes of ore projected to be mined late in the project’s mine life.