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tonnes at 3.07% copper, 4.23% zinc,
0.73% lead, 0.63 g/t gold and 47.6 g/t silver
for 2.4 billion pounds of contained copper
and 3.4 billion pounds of contained zinc.
The company has also begun to prepare a
pre-feasibility study which is anticipated
to be complete in Q1, 2018. The project is
in the Ambler Mining District about 470
km northwest of Fairbanks.
At Trilogy Metal's Bornite Project,
approximately 25 km southwest of the
Arctic Project, a 12,000-metre (US $10 mil-
lion) exploration drill program is underway
and focused on drilling the extensions of
the mineralization last drilled by the com-
pany in 2013.
During the 2013 exploration program
the company completed 8,142 metres
of drilling with 4,684 metres drilled at
the Ruby Creek Zone and 3,458 metres
drilled at the South Reef Zone where the
company highlighted drill hole RC13-224
which intersected two mineralized inter-
vals, starting at 513.3 metres and ending
at 754.6 metres (241.3-metre interval), for a
combined 236.0-metre composite interval
with a weighted average grade of 1.90%
copper, and comprised of 229.4 metres at
a grade of 1.73% copper and 6.6 metres
grading 7.70% copper.
In Alaska's Western Region, the
Graphite One Resources Inc. [GPH-
TSXV] Graphite Creek Project has an
indicated resource of 17.95 million tonnes
at 6.3% graphitic carbon with an inferred
resource of 154.3 million tonnes at 5.7%
Cg, using a 3% cut-off grade. In January
2017, Graphite One completed a prelimi-
nary economic assessment which projected
a Net Present Value for the project on a
pre-tax basis of US $1,037 million using a
10% discount rate, with an Internal Rate
of Return of 27%. On a post-tax basis, the
NPV is projected at US $616 million using
a 10% discount rate, with an Internal Rate
of Return of 22%. Annual production of
CSG and other graphite specialty materials
is projected at 55,350 metric tonnes when
full production is reached in year six. A
minimum of 40 years of indicated and
inferred resources grading 7% Cg (graph-
ite) have been identified.
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