THEMAC Resources Group Limited ("THEMAC" or "the Company") (TSX
VENTURE:MAC) today provided an update on the 2011 core drilling
program at the Company's Copper Flat project.
2011 CORE DRILLING PROGRAM-Results for Holes CF-11-01 through
CF-11-07
The 2011 Copper Flat drilling program, addressing
pre-feasibility study needs, began in June 2011 and ended October
4, 2011. Sixteen holes were completed for 16,539.1 feet of core
drilled, in 14 locations. This represents a little over 25% of the
47 holes originally permitted. The remaining holes will be drilled
during feasibility study work, as needed, scheduled for early in
2012.
Assay results have been recently received for eight of the 16
holes drilled in 14 sites; CF-11-01, CF-11-01b, CF-11-02, CF-11-03,
CF-11-04, CF-11-05, CF-11-06, and CF-11-07 (see the assay data in
Table 1, Appendix 1). A total of 8,058.0 feet of drilling was
completed in these 8 holes. Figure 1, Appendix 1, is a map
illustrating drill hole locations.
To view Appendix 1, containing Table 1 and Figure 1, please
visit the following link:
http://media3.marketwire.com/docs/mac1117i.pdf.
Drilling Assay Highlights:
----------------------------------------------------------------------------
Hole ID Interval Ft Length Ft Au ppb Ag ppm % Cu % Mo
----------------------------------------------------------------------------
CF-11-01 0 to 22 22 265 8.7 1.02 0.007
----------------------------------------------------------------------------
140.5 to 225 84.5 331 7.1 1.05 0.018
----------------------------------------------------------------------------
240 to 309.7 69.7 169 5.8 0.97 0.019
----------------------------------------------------------------------------
CF-11-01b(i) 0 to 25 25 304 11.3 1.44 0.030
----------------------------------------------------------------------------
117.1 to 160.4 43.3 226 6.6 0.70 0.011
----------------------------------------------------------------------------
179 to 194 15 190 11.6 1.18 0.023
----------------------------------------------------------------------------
209.2 to 241.5 32.3 163 3.8 0.73 0.024
----------------------------------------------------------------------------
263.5 to 282 18.5 437 5.9 0.93 0.029
----------------------------------------------------------------------------
315 to 345 30 213 7.4 1.09 0.012
----------------------------------------------------------------------------
385 to 400 15 193 9.3 1.50 0.013
----------------------------------------------------------------------------
672.6 to 725 52.4 580 7.0 0.97 0.032
----------------------------------------------------------------------------
CF-11-03 277.9 to 336.8 58.9 189 4.6 0.80 0.027
----------------------------------------------------------------------------
CF-11-04 5 to 45 40 165 3.6 0.98 0.058
----------------------------------------------------------------------------
80 to 90 10 197 4.1 1.07 0.653
----------------------------------------------------------------------------
168 to 178 10 244 4.6 1.05 0.038
----------------------------------------------------------------------------
CF-11-07 93.7 to 113 19.3 215 3.2 0.71 0.012
----------------------------------------------------------------------------
418 to 428 10 192 6.1 1.03 0.006
----------------------------------------------------------------------------
Note: Intervals were calculated greater than/equal to 10 feet of copper
values equal to or greater than 0.65% Cu, with individual five foot
intervals of less than 0.65% included between 0.65% Cu or greater.
The 2011 drilling was targeted to confirm existing grades, step
out laterally and to depth to test for increases to the resources,
and confirm and expand high grade mineralized areas. This program
was designed to provide data to the pre-feasibility study to be
completed first quarter 2012, and to provide geotechnical and
geochemical information for the planning and permitting of future
operations. Simultaneously, valuable data continues to be gleaned
from historic data sources, and is being included in the
pre-feasibility work that is progressing.
Table 2 summarizes the average grades for each of these holes
from surface to total depth.
Table 2
----------------------------------------------------------------------------
Interval Average Grades
----------------------------------------------------------------
Hole ID From To Cu (%) Mo (%) Au (opt) Ag (opt)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CF-11-01 0.0 309.7 0.695 0.011 0.006 0.156
----------------------------------------------------------------------------
CF-11-01B 0.0 1110.5 0.464 0.027 0.004 0.098
----------------------------------------------------------------------------
CF-11-02 0.0 1097.0 0.174 0.004 0.002 0.039
----------------------------------------------------------------------------
CF-11-03 0.0 1154.1 0.297 0.010 0.003 0.061
----------------------------------------------------------------------------
CF-11-04 0.0 811.9 0.388 0.038 0.003 0.058
----------------------------------------------------------------------------
CF-11-05 0.0 1200.0 0.225 0.012 0.002 0.039
----------------------------------------------------------------------------
CF-11-06 0.0 1176.6 0.194 0.006 0.002 0.054
----------------------------------------------------------------------------
CF-11-07 0.0 1098.0 0.306 0.008 0.002 0.044
----------------------------------------------------------------------------
(i) Values below the detection limit were converted to zero for
calculation purposes
Results show 102 intervals with greater than or equal to 0.65%
Cu, with a high of 2.26%. Table 3 below lists each of these
intervals on a per hole basis. Holes CF-11-01 and CF-11-01b are
drilled on the same pad within approximately 30 feet of one
another. Poor drill methods caused hole CF-11-01 to fail at 309.7
feet. Comparing both holes from 1 to about 310 feet, there are 18
intervals in each hole with values equal to and above 0.65% Cu; a
good check against one another (Appendix 1). About half of the 102
intervals are in holes CF-11-01 and CF-11-01b; and the remaining
are found in holes CF-11-03, CF-11-04, CF-11-05 and CF-11-07. No
high grade intercepts were encountered in CF-11-02 and
CF-11-06.
"We are very pleased with the drilling results to date," said
Andre Douchane, CEO. "There is excellent long hole confirmation of
the mineralization that should have a positive impact in the
project. The program is verifying previous work and giving us
better insight into a potential deeper zone. Our next steps are to
use this information to design next year's exploration and
development drilling programs to include a deep drilling
exploration program that will test the high grade potential at
depth."
Table 3
----------------------------------------------------------------------------
Interval Grades
----------------------------------------------------
Hole ID From To Length Cu (%) Mo (%) Au (opt) Ag (opt) Comments
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CF-11-01 0.0 17.0 17.0 1.21 0.013 0.007 0.266 Extensions to
breccia pipe
high grade
----------------------------------------------------------------------------
CF-11-01 17.0 22.0 5.0 0.82 0.001 0.009 0.242 " "
----------------------------------------------------------------------------
CF-11-01 140.5 147.7 7.2 0.77 0.005 0.009 0.245 " "
----------------------------------------------------------------------------
CF-11-01 147.7 153.4 5.7 1.36 0.005 0.013 0.409 " "
----------------------------------------------------------------------------
CF-11-01 153.4 160.0 6.6 0.66 0.002 0.008 0.134 " "
----------------------------------------------------------------------------
CF-11-01 165.0 177.0 12.0 1.51 0.018 0.016 0.318 " "
----------------------------------------------------------------------------
CF-11-01 189.5 194.5 5.0 1.31 0.021 0.010 0.222 " "
----------------------------------------------------------------------------
CF-11-01 194.5 202.5 8.0 1.99 0.054 0.011 0.342 " "
----------------------------------------------------------------------------
CF-11-01 202.5 208.5 6.0 0.82 0.014 0.005 0.117 " "
----------------------------------------------------------------------------
CF-11-01 215.0 225.0 10.0 1.72 0.060 0.020 0.257 " "
----------------------------------------------------------------------------
CF-11-01 240.0 249.0 9.0 0.98 0.003 0.008 0.201 " "
----------------------------------------------------------------------------
CF-11-01 249.0 255.5 6.5 1.16 0.011 0.006 0.242 " "
----------------------------------------------------------------------------
CF-11-01 255.5 265.3 9.8 0.74 0.017 0.004 0.111 " "
----------------------------------------------------------------------------
CF-11-01 265.3 275.1 9.8 1.07 0.031 0.004 0.161 " "
----------------------------------------------------------------------------
CF-11-01 275.1 285.0 9.9 0.78 0.072 0.005 0.123 " "
----------------------------------------------------------------------------
CF-11-01 285.0 295.0 10.0 1.12 0.025 0.005 0.190 " "
----------------------------------------------------------------------------
CF-11-01 295.0 304.7 9.7 0.65 0.005 0.004 0.137 " "
----------------------------------------------------------------------------
CF-11-01 304.7 309.7 5.0 2.26 0.010 0.008 0.359 " "
----------------------------------------------------------------------------
CF-11-01B 0.0 15.0 15.0 2.09 0.047 0.013 0.517 " "
----------------------------------------------------------------------------
CF-11-01B 15.0 25.0 10.0 0.79 0.013 0.005 0.140 " "
----------------------------------------------------------------------------
CF-11-01B 124.4 129.4 5.0 0.66 0.026 0.010 0.134 " "
----------------------------------------------------------------------------
CF-11-01B 134.4 140.4 6.0 1.11 0.004 0.009 0.292 " "
----------------------------------------------------------------------------
CF-11-01B 140.4 145.4 5.0 0.79 0.002 0.007 0.190 " "
----------------------------------------------------------------------------
CF-11-01B 145.4 150.4 5.0 0.91 0.006 0.006 0.210 " "
----------------------------------------------------------------------------
CF-11-01B 155.4 160.4 5.0 0.67 0.008 0.005 0.193 " "
----------------------------------------------------------------------------
CF-11-01B 179.0 184.0 5.0 1.02 0.009 0.005 0.420 " "
----------------------------------------------------------------------------
CF-11-01B 184.0 189.0 5.0 1.41 0.042 0.006 0.368 " "
----------------------------------------------------------------------------
CF-11-01B 189.0 194.0 5.0 1.12 0.017 0.005 0.231 " "
----------------------------------------------------------------------------
CF-11-01B 209.2 215.0 5.8 0.81 0.028 0.006 0.117 " "
----------------------------------------------------------------------------
CF-11-01B 225.0 231.5 6.5 0.75 0.019 0.005 0.111 " "
----------------------------------------------------------------------------
CF-11-01B 231.5 236.5 5.0 0.97 0.041 0.005 0.146 " "
----------------------------------------------------------------------------
CF-11-01B 236.5 241.5 5.0 0.65 0.016 0.005 0.117 " "
----------------------------------------------------------------------------
CF-11-01B 263.5 268.5 5.0 0.84 0.032 0.016 0.158 " "
----------------------------------------------------------------------------
CF-11-01B 268.5 275.0 6.5 0.89 0.022 0.013 0.161 " "
----------------------------------------------------------------------------
CF-11-01B 275.0 282.0 7.0 1.05 0.034 0.009 0.199 " "
----------------------------------------------------------------------------
CF-11-01B 292.5 300.0 7.5 0.68 0.015 0.007 0.164 " "
----------------------------------------------------------------------------
CF-11-01B 315.0 320.0 5.0 0.85 0.003 0.005 0.155 " "
----------------------------------------------------------------------------
CF-11-01B 320.0 325.0 5.0 1.92 0.027 0.009 0.377 " "
----------------------------------------------------------------------------
CF-11-01B 325.0 330.0 5.0 1.07 0.008 0.007 0.207 " "
----------------------------------------------------------------------------
CF-11-01B 330.0 335.0 5.0 0.72 0.012 0.003 0.152 " "
----------------------------------------------------------------------------
CF-11-01B 335.0 340.0 5.0 1.11 0.014 0.009 0.225 " "
----------------------------------------------------------------------------
CF-11-01B 340.0 345.0 5.0 0.86 0.010 0.004 0.175 " "
----------------------------------------------------------------------------
CF-11-01B 355.0 360.0 5.0 0.83 0.009 0.004 0.128 " "
----------------------------------------------------------------------------
CF-11-01B 385.0 390.0 5.0 1.72 0.015 0.008 0.298 " "
----------------------------------------------------------------------------
CF-11-01B 390.0 395.0 5.0 1.87 0.013 0.005 0.345 " "
----------------------------------------------------------------------------
CF-11-01B 395.0 400.0 5.0 0.90 0.011 0.004 0.175 " "
----------------------------------------------------------------------------
CF-11-01B 440.0 445.0 5.0 0.85 0.016 0.005 0.152 " "
----------------------------------------------------------------------------
CF-11-01B 455.0 460.0 5.0 0.79 0.031 0.014 0.149 " "
----------------------------------------------------------------------------
CF-11-01B 672.6 677.6 5.0 0.81 0.019 0.015 0.190 " "
----------------------------------------------------------------------------
CF-11-01B 677.6 682.6 5.0 0.98 0.029 0.031 0.222 " "
----------------------------------------------------------------------------
CF-11-01B 682.6 687.6 5.0 0.96 0.048 0.022 0.199 " "
----------------------------------------------------------------------------
CF-11-01B 687.6 693.0 5.4 1.11 0.029 0.013 0.207 " "
----------------------------------------------------------------------------
CF-11-01B 693.0 698.0 5.0 0.70 0.029 0.018 0.126 " "
----------------------------------------------------------------------------
CF-11-01B 698.0 703.0 5.0 0.72 0.035 0.018 0.164 " "
----------------------------------------------------------------------------
CF-11-01B 703.0 708.0 5.0 0.86 0.037 0.022 0.216 " "
----------------------------------------------------------------------------
CF-11-01B 708.0 714.0 6.0 1.25 0.013 0.009 0.201 " "
----------------------------------------------------------------------------
CF-11-01B 714.0 720.0 6.0 1.11 0.058 0.010 0.228 " "
----------------------------------------------------------------------------
CF-11-01B 720.0 725.0 5.0 1.16 0.027 0.011 0.295 " "
----------------------------------------------------------------------------
CF-11-01B 945.0 950.0 5.0 0.94 0.078 0.006 0.158 " "
----------------------------------------------------------------------------
CF-11-01B 955.0 960.0 5.0 0.68 0.063 0.005 0.134 " "
----------------------------------------------------------------------------
CF-11-01B 960.0 965.0 5.0 0.82 0.053 0.007 0.231 " "
----------------------------------------------------------------------------
CF-11-01B 965.0 970.0 5.0 0.80 0.052 0.005 0.193 " "
----------------------------------------------------------------------------
CF-11-01B 975.0 980.0 5.0 0.85 0.036 0.006 0.158 " "
----------------------------------------------------------------------------
CF-11-01B 980.0 985.0 5.0 1.00 0.078 0.007 0.155 " "
----------------------------------------------------------------------------
CF-11-01B 985.0 990.0 5.0 1.28 0.142 0.008 0.201 " "
----------------------------------------------------------------------------
CF-11-03 105.7 110.7 5.0 1.24 0.135 0.004 0.111 Breccia pipe
extensions in
the southern
pit area
----------------------------------------------------------------------------
CF-11-03 147.0 152.0 5.0 1.00 0.005 0.004 0.181 " "
----------------------------------------------------------------------------
CF-11-03 152.0 157.0 5.0 1.06 0.022 0.004 0.175 " "
----------------------------------------------------------------------------
CF-11-03 187.0 192.0 5.0 0.89 0.011 0.007 0.231 " "
----------------------------------------------------------------------------
CF-11-03 229.0 237.6 8.6 0.97 0.130 0.004 0.140 " "
----------------------------------------------------------------------------
CF-11-03 277.9 284.2 6.3 0.66 0.019 0.008 0.096 " "
----------------------------------------------------------------------------
CF-11-03 284.2 289.2 5.0 0.71 0.022 0.004 0.105 " "
----------------------------------------------------------------------------
CF-11-03 289.2 296.8 7.6 0.65 0.043 0.005 0.102 " "
----------------------------------------------------------------------------
CF-11-03 301.8 306.8 5.0 0.70 0.013 0.004 0.114 " "
----------------------------------------------------------------------------
CF-11-03 306.8 311.8 5.0 1.23 0.012 0.010 0.248 " "
----------------------------------------------------------------------------
CF-11-03 311.8 316.8 5.0 1.01 0.003 0.008 0.161 " "
----------------------------------------------------------------------------
CF-11-03 316.8 321.8 5.0 1.37 0.033 0.007 0.274 " "
----------------------------------------------------------------------------
CF-11-03 326.8 331.8 5.0 0.73 0.084 0.005 0.114 " "
----------------------------------------------------------------------------
CF-11-03 331.8 336.8 5.0 0.65 0.019 0.003 0.099 " "
----------------------------------------------------------------------------
CF-11-03 756.8 761.8 5.0 0.85 0.002 0.011 0.158 " "
----------------------------------------------------------------------------
CF-11-03 771.8 776.8 5.0 0.87 0.018 0.006 0.172 " "
----------------------------------------------------------------------------
CF-11-04 5.0 10.0 5.0 0.88 0.008 0.003 0.067 Confirmation
and extensions
to depth
----------------------------------------------------------------------------
CF-11-04 10.0 15.0 5.0 0.91 0.013 0.006 0.120 " "
----------------------------------------------------------------------------
CF-11-04 15.0 20.0 5.0 1.36 0.108 0.007 0.172 " "
----------------------------------------------------------------------------
CF-11-04 20.0 25.0 5.0 1.95 0.132 0.009 0.178 " "
----------------------------------------------------------------------------
CF-11-04 35.0 40.0 5.0 0.91 0.074 0.005 0.076 " "
----------------------------------------------------------------------------
CF-11-04 40.0 45.0 5.0 0.72 0.026 0.004 0.067 " "
----------------------------------------------------------------------------
CF-11-04 80.0 85.0 5.0 1.01 1.198 0.005 0.111 " "
----------------------------------------------------------------------------
CF-11-04 85.0 90.0 5.0 1.12 0.108 0.006 0.126 " "
----------------------------------------------------------------------------
CF-11-04 168.0 173.0 5.0 1.18 0.034 0.006 0.134 " "
----------------------------------------------------------------------------
CF-11-04 173.0 178.0 5.0 0.91 0.042 0.008 0.134 " "
----------------------------------------------------------------------------
CF-11-04 203.0 213.0 10.0 0.66 0.055 0.004 0.096 " "
----------------------------------------------------------------------------
CF-11-05 655.0 660.0 5.0 0.74 0.101 0.010 0.099 Southern
portion of the
pit;
confirmation
and extensions
to depth
----------------------------------------------------------------------------
CF-11-05 660.0 665.0 5.0 0.79 0.037 0.007 0.123 " "
----------------------------------------------------------------------------
CF-11-05 665.0 670.0 5.0 0.68 0.030 0.007 0.085 " "
----------------------------------------------------------------------------
CF-11-05 670.0 675.0 5.0 0.85 0.029 0.008 0.111 " "
----------------------------------------------------------------------------
CF-11-05 675.0 680.0 5.0 1.32 0.280 0.010 0.149 " "
----------------------------------------------------------------------------
CF-11-07 93.7 99.7 6.0 0.66 0.014 0.005 0.082 Eastern portion
of the pit;
confirmation
and extensions
laterally and
to depth.
----------------------------------------------------------------------------
CF-11-07 105.0 113.0 8.0 0.89 0.020 0.008 0.117 " "
----------------------------------------------------------------------------
CF-11-07 264.9 269.9 5.0 0.70 0.029 0.003 0.120 " "
----------------------------------------------------------------------------
CF-11-07 418.0 423.0 5.0 0.74 0.007 0.006 0.123 " "
----------------------------------------------------------------------------
CF-11-07 423.0 428.0 5.0 1.31 0.004 0.005 0.231 " "
----------------------------------------------------------------------------
CF-11-07 483.0 488.0 5.0 0.82 0.002 0.010 0.152 " "
----------------------------------------------------------------------------
(i) Values below the detection limit were converted to zero for
calculation purposes
All of the holes summarized in Table 3 were drilled as angle
core holes drilling across, beneath, and adjacent to previous
drilling. Hole CF-11-02 was drilled as a vertical hole testing a
deep (600-1,000 foot) IP target identified by a Titan 24 MT-DC/IP
geophysical survey completed in Spring 2011. Core drilling was
completed generally as HQ size core, although some holes were
initiated as PQ to drill through the initial 20-70 feet of broken
ground (previously shot mining benches). Hole CF-11-04 encountered
an underground working (used for metallurgical bulk sampling in the
early 1980s) at 158 to 168 feet; this hole was then necked down to
NQ size core, and drilling resumed from 188 feet to 811.9 feet
(td).
There are thirty-four (34) intercepts with values of greater
than or equal to 300ppb Au. The highest Au value encountered in the
drilling was in CF-11-01b, with a high of 1,050ppb. Of the 34
intercepts, twenty-seven (27) intercepts were encountered in holes
CF-11-01 and CF-11-01b. Table 4 summarizes the intercepts and
values.
Table 4
Hole Sample Number From To Length Au (ppb) Ag (ppm) CuT (%) Mo (%)
CF-11-01B 617726 677.6 682.6 5.0 1050 7.6 0.98 0.029
CF-11-06 618040 682.6 448.0 -234.6 814 3 0.23 0.002
CF-11-01B 617727 682.6 687.6 5.0 767 6.8 0.96 0.048
CF-11-01B 617733 703.0 708.0 5.0 745 7.4 0.86 0.037
CF-11-01 617334 215.0 225.0 10.0 691 8.8 1.72 0.060
CF-11-01B 617732 698.0 703.0 5.0 625 5.6 0.72 0.035
CF-11-01B 617730 693.0 698.0 5.0 621 4.3 0.7 0.029
CF-11-01 617328 165.0 177.0 12.0 552 10.9 1.51 0.018
CF-11-01B 617632 263.5 268.5 5.0 537 5.4 0.84 0.032
CF-11-01B 617725 672.6 677.6 5.0 500 6.5 0.81 0.019
CF-11-01B 617737 725.0 730.0 5.0 495 2 0.24 0.003
CF-11-01B 617676 455.0 460.0 5.0 488 5.1 0.79 0.031
CF-11-01B 617675 450.0 455.0 5.0 466 5.1 0.62 0.016
CF-11-01B 617634 268.5 275.0 6.5 462 5.5 0.89 0.022
CF-11-01 617325 147.7 153.4 5.7 453 14 1.36 0.005
CF-11-01B 617728 687.6 693.0 5.4 451 7.1 1.11 0.029
CF-11-01B 617585 0.0 15.0 15.0 438 17.7 2.09 0.047
CF-11-01 617331 194.5 202.5 8.0 391 11.7 1.99 0.054
CF-11-01B 617736 720.0 725.0 5.0 385 10.1 1.16 0.027
CF-11-03 620158 756.8 761.8 5.0 380 5.4 0.85 0.002
CF-11-01B 617735 714.0 720.0 6.0 353 7.8 1.11 0.058
CF-11-07 618575 483.0 488.0 5.0 348 5.2 0.82 0.002
CF-11-05 618358 488.0 680.0 192.0 345 5.1 1.32 0.28
CF-11-03 620063 306.8 311.8 5.0 340 8.5 1.23 0.012
CF-11-01 617330 189.5 194.5 5.0 334 7.6 1.31 0.021
CF-11-01B 617602 124.4 129.4 5.0 326 4.6 0.66 0.026
CF-11-05 618354 129.4 660.0 530.6 326 3.4 0.74 0.101
CF-11-01B 617605 134.4 140.4 6.0 324 10 1.11 0.004
CF-11-01 617323 140.5 147.7 7.2 313 8.4 0.77 0.005
CF-11-01B 617644 320.0 325.0 5.0 313 12.9 1.92 0.027
CF-11-01B 617635 275.0 282.0 7.0 311 6.8 1.05 0.034
CF-11-01B 617734 708.0 714.0 6.0 307 6.9 1.25 0.013
CF-11-04 617830 20.0 25.0 5.0 306 6.1 1.95 0.132
CF-11-01 617302 17.0 22.0 5.0 302 8.3 0.82 0.001
----------------------------------------------------------------------------
The grades encountered when drilling across historic holes
confirmed previous intercepts and grades; helped to define
boundaries between the higher grade breccia pipe core and the
surrounding quartz monzonite; extended previously drilled high
grade zones; and extended mineralization into previously untested
areas laterally and to depth. The overall grades of the assays
received to date are comparable to what has been encountered in
previous drilling campaigns, and provide for further confirmation
of the mineralization.
Assay Methods
Assaying was undertaken at Skyline Laboratory in Tucson, AZ.
Copper, molybdenum, gold and silver were determined by multiple
methods; gold was by fire assay with AA finish; silver was by AA;
and copper and molybdenum by ICP. Reference standards and blanks
were inserted in the sample streams, along with duplicate sampling
of the core.
Standard procedures for core handling were in place during the
program, with core being logged into the core facility at every
shift change. A geologist was on site for all sample preparation
and shipping.
About the Copper Flat Project
Copper Flat is a former producing mine located approximately 20
miles southwest of Truth or Consequences in Sierra County, State of
New Mexico, USA. Permitting for a return of the project to
production is at an advanced stage, and a prefeasibility study is
in progress and targeted for completion during first quarter
2012.
The Copper Flat project is a porphyry
copper-molybdenum-gold-silver deposit. The deposit has NI43-101
Indicated Mineral Resources of 107 million short tons grading
0.303% copper and 0.01% molybdenum for 645 million lbs copper and
21.4 million lbs molybdenum, plus Inferred Mineral Resources of 46
million short tons grading 0.24% copper and 0.006% molybdenum for
222 million lbs copper and 5.6 million lbs molybdenum.
The gold and silver content of the deposit is evidenced by
historic production and metallurgical test work, and gold and
silver are targeted for incorporation into the deposit's NI43-101
Mineral Resource statement following completion and interpretation
of a re-assay program using historic drill pulps.
An NI43-101 Preliminary Economic Assessment ("PEA") dated June
30, 2010 and updated February 25, 2011 has been completed for
Copper Flat and can be viewed on SEDAR.
Civil infrastructure in place at Copper Flat includes a tailings
dam, largely pre-stripped open pit, power lines, water well field
and pipeline, access roads, diversion channels and building
foundations. The project land package comprises in excess of 1,200
hectares. For more information visit www.nmcopper.com.
About THEMAC Resources Group Limited
THEMAC is a copper development company with a strong management
team and as of May 18, 2011, a 100% ownership interest in the
Copper Flat copper-molybdenum-gold-silver project in New Mexico,
USA. We are committed to bringing the closed copper mine, Copper
Flat, in Sierra County, New Mexico back into production with
innovation and a sustainable approach to mining development and
production, local economic opportunities and the best reclamation
practices for our unique environment. The Company is listed on the
TSX Venture Exchange (ticker: MAC) and has issued share capital of
74,117,622 common shares (fully diluted share capital
135,648,241).
Technical information in this news release has been approved by
Mr. Barrett Sleeman, P.Eng., a Qualified Person under National
Instrument 43-101, who is Executive Director of the Company.
For more information please visit www.themacresourcesgroup.com
or review the Company's filings on SEDAR (www.sedar.com).
Neither the TSX Venture Exchange (the "TSXV") nor its Regulation
Services Provider (as that term is defined in the policies of the
TSXV) has reviewed, nor do they accept responsibility for the
adequacy or accuracy of, this release.
Contacts: THEMAC Resources Group Limited Andre J. Douchane CEO
(+1) 416 671 8089 or (+1) 520 850
7529www.themacresourcesgroup.com
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