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Mining To Return by 2013? |
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| Ironwood Township - March 6, 2009 Nearly
70 people attended an informational meeting
tonight at the GCC Linquist Center. The audience
put aside their plans for Friday night in order
hear first hand the status and plans for the
proposed "Copperwood" mine project slated to
open in Ironwood Township. The old mine sits
near the border of Ironwood and Wakefield
Townships. |
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| above riight - Bill Williams, Orvana Vice
President for Corporate Development faced a
friendly and receptive audience for the second
evening in a row. Last night Mr. Williams
addressed the same questions from a similar but
much larger audience in a meeting held in
Wakefield. |
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| Williams answered as many questions as he
could considering the fact the initial borings
and early are far from complete. |
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In September and October 2008, Orvana's
wholly-owned subsidiary, Orvana Resources US
Corp, entered into minerals leases covering 712
hectares (1,759 acres), now referred to as
Copperwood, located in the Upper Peninsula (UP)
of the State of Michigan some 30 kilometers
southwest of the inactive White Pine mine where
over 1,700,000 tonnes of copper and over
4,500,000 ounces of silver were produced between
1952 and 1996. Orvana has also acquired
exclusive options in the general area of the
current minerals leases to lease mineral rights
on identical terms to the mineral leases for an
additional 1,559 hectares (3,852 acres).
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| During November and December, 2008, Orvana
began the base line studies for the
Environmental Impact Assessment, which included
the drilling, packer testing, and completion of
20 water monitor wells, and the installation of
shallow water monitoring wells. In January,
2009, STS (AECOM) completed the first phase of
surface and subsurface water sampling, which
began the two-year long process of developing
seasonal and long-term characterization of the
site as required by the State of Michigan as
part of the mine permit application process.
Whereas 14 of the holes were completed in
bedrock above the copper-bearing interval, six
of the holes intersected the copper-bearing
zone. |
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Orvana obtained core from 11 of the 42 holes
drilled during the 1950s within T 49N, R46W,
Section 1, part of the land covered by the
Copperwood mineral leases, as reported in the
September 10, 2008 Orvana press release. Six of
these holes were considered to be acceptable for
resampling and assaying as part of the
validation of the historical assays. A total of
54 intervals from the remaining AQ-sized half
core: within which the 1950s sampling tags were
intact, were re-sampled. The comparative assay
results are given in Table 1 below.
All the holes were drilled vertical into
stratiform mineralization that dips
approximately 10-15 degrees. Recoveries were
100%.
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Bill Williams, Vice President of Corporate
Development, said, "The results from our new
drilling and the resampling of core from
historical drilling confirm our belief that the
results from the 1950s program are reliable. We
are now even more confident of the thickness and
grade of the mineralization defined previously
by historical drilling."
Orvana has engaged AMEC E & C Services Inc. of
Phoenix, Arizona to audit the core handling and
sampling protocol, definitively assess whether
the historical data is valid, aid in the design
of the upcoming delineation drill program, and
ultimately estimate mineral resources with the
expectation of achieving measured and indicated
confidence categories by year end.
The Orvana Minerals Corp, headquartered in
Toronto, Ontario. (TSX symbol: ORV)
The expectations are that the mining operation
will be open by 2013 and may employ up to 200
people.
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IronwoodInfo.com is a Michigan,
Non-Profit Media Corporation |
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Contact IronwoodInfo.com |
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email:
mail@ironwoodinfo.com
snail mail: P.O. Box 305 Ironwood, MI 49938
Telephone
906-885-5683
Fax
906-884-2544 |
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