Disclosure: Copper Equivalent (CuEq) for drill intersections is calculated based on US$ 4.50/lb Cu, US$ 3,375/oz Au, US$ 60/oz Ag and US$ 25/lb Mo, with 80% metallurgical recoveries assumed for all metals* The formula is: CuEq % = Cu % + (1.10 x Au g/t) + (0.0196 x Ag g/t) + (0.00056 x Mo ppm).
*Since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage. As such an 80% recovery rate is justified at this point in time.