Redhawk’s Copper Creek Resource Estimate Increased to 150 Million Pounds Molybdenum

Redhawk Resources, Inc. (TSX:RDK) announced the results from a resource estimate at its Arizona-based Copper Creek project.

As quoted in the press release:

The current estimates are based on metal prices of US$3.00 per pound Cu equivalent and contained within an open pit geometry using industry comparable estimates for direct mining, milling, and G&A costs. The ratios for calculating copper equivalent (CuEq) are based upon US$2.75/lb Cu, US$12.00/lb Mo, and US$20.00 per troy ounce Ag and recoveries of 90% for copper, 80% for molybdenum, and 90% for silver.

Click here for the Redhawk Resources, Inc. (TSX:RDK) press release.