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TAURUS copper-moly-gold deposit, Alaska
NOW OPTIONED TO KENORLAND MINERALS INC
and FREEPORT McMORRAN
Kenorland:
a private company that has taken a major position in SE Alaska
Freeport: one of the world's largest copper producers.
Exploration plan for 2019: $6 million
The 4,560 acre Taurus property hosts a copper-molybdenum-gold porphyry
deposit situated in Alaska, 10 miles west of the Yukon/Alaska border,
and directly on trend with the Yukon's prolific White Gold trend and the
soon-to-be-developed Casino deposit.
Most rapid access is via Dawson City, then south by road for 2 hours to
Tok, Alaska, where a 30 minute flight can be chartered to one of the two
airstrips on the property. Heavy equipment can be walked or
skidded in via trail from the Top of The World highway connecting Dawson
with the Alaska Highway.
Although the Taurus has been the subject of surface exploration
and at least seven drilling programs between 1971 and 1996, the
property is large and remains relatively unexplored. Drilling
approximately 7% of the defined target area has resulted in
definition of an inferred mineral
resource of approximately 75 million tons grading 0.275% copper,
0.032% molybdenum, and 0.166 g/t gold. This estimated
inferred resource would contain 414 million pounds of copper, 48
million pounds of molybdenum, and 401,000 ounces of gold.
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In order to calculate this inferred
resource, the following assumptions, parameters, and methods were used:
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Results
were used from ten qualified holes only, being those that were
drilled vertically and had three holes within 600 feet.
Average distance between holes was 474 feet;
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These
ten holes averaged 824 feet in depth;
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An area
of influence with a radius of either 250 or 300 feet was centered on
the qualified holes in order to best reduce voids;
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Where
areas of influence overlapped, the overlaps were subtracted from the
total of the individual areas;
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Where
overlaps were considered too complex, area calculations were carried
out using triangle geometry;
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Once an
area of influence was calculated for an individual drill hole,
tonnage was calculated using drill-indicated intervals.
Tonnage is based on 168 pounds per cubic foot of rock;
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Weighted averages were calculated using drill-indicated grades in
order to arrive at a final inferred resource grade estimate. Cut-off
grades of 0.1% Cu and 0.01% Mo and .1 g/t gold were used; and
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Historical drill holes were included along with more recent
drilling, but four of the historical holes had not been assayed for
gold, so when an interval from an historical hole was used for
copper and molybdenum, the gold value was assumed to be zero.
The Taurus is 100% owned by Senator Minerals US Inc, which in turn is
100% owned by Seguro Projects Inc.
A NI 43-101-compliant
technical report is available. Please contact Seguro's CEO, Tony
Simon, if you wish to express an interest. 778-991-1267 or
email: ts @ seguroprojects.com
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