The current phase of drilling, utilizing four diamond drills, is designed to serve as both an infill and step-out program for Teck's ongoing bankable feasibility study. These possible mineable reserves were previously treated as waste in the pit optimizations contained in the FDW Scoping Study. In addition, some of the above holes will add new proven, probable and possible reserves.
Additional results are pending.
This target area lies adjacent to the proposed tailings facility for the Petaquilla Project. As yet, no reserves have been calculated for this target but additional drilling is being planned. Teck has proposed a program of 25 to 30 additional diamond drill holes for condemnation purposes at potential waste rock, tailings and plant sites. This program will begin immediately upon the conclusion of the current drilling program.