The Company announced in February of 2011 an updated resource estimate for the Copperwood copper project, Upper Peninsula, Michigan, USA. This estimate included the mineralization in the adjacent area, previously referred to as Copperwood S6, and was the basis for the mine plan and design included in the prefeasibility study. In February, 2012 the Company announced the findings of their NI 43-101-compliant Feasibility Study for the Copperwood copper project, Upper Peninsula, Michigan, USA.
Source: NI 43-101 compliant Feasibility Study of
the Copperwood Project; Joseph M. Keane, P.E., Steve Milne, P.E., and
David List P.E.
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Forward Looking Statements