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| | San Jorge, Argentina (acquiring 100%) Preliminary Assessment Technical Report - June 2008 - 
In Q308, the Company filed the Environmental Impact Study ("EIS") for its San Jorge copper-gold project, which was formally accepted to enter the evaluation process by the Secretary of the Environment of the Government of Mendoza. The EIS will be evaluated over the coming months by a number of provincial governments and their advisors, and the public will be given opportunity to review and comment on the proposed development of the San Jorge project. Geology and Mineralization San Jorge is a Permian age granodiorite porphyry stock with associated contact and hydrothermal breccias intruded into Paleozoic sandstones and shales. Strong silicification and quartz stockworking has developed in the sediments and porphyry. The sequence of rocks has been fractured by strong NNE oriented structural controls. Best grades of copper and gold mineralization coincide with tourmaline brecciation. The porphyry shows a vertical zonation from hypogene mineralization at depth, passing upwards into a supergene enriched zone, which is overlain by a zone of oxide mineralization and finally into a thin, poorly developed leach cap. Engineering Studies The Company has completed two engineering studies to NI 43-101 Technical Report Standards; a) a Leach Only Copper Project yielding 25,000tpy copper cathode for 10 years, by Ausenco Canda Inc. and b) a Float Only Copper/Gold Project yielding an average 39,500mtpy of copper and 39,000ozpy of gold contained in concentrates for 16 years by GRD Minproc. Both these reports will be filed on SEDAR. In June 2007, legislation was passed banning the use of toxic chemicals including sulphuric acid, in mining activities, which has meant the Leach Only project is not possible at this time and the Float Only project has considered the oxide material as waste. The highlights from these reports are outlined in the table below:
What's Next?
• To advance the San Jorge Float Only copper gold project through the permitting process Related Releases
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