This is an email I sent and received from John at THR..Since CGP is there 50% partner this is going to have an impact soon.
IMO
RE: Lebel and Little Deer
Friday, May 6, 2011 10:02 AM
From:
"Info Thundermin" <info@thundermin.com>
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We finally received our new 21-year mining lease for Lebel on Monday – only took from August 25th 2010. We will start planning now for a drill program – probably wait for a few weeks for weather to settle down as well. Need to acquire a drill and negotiate new drill contract (had a contract and drill in the fall but that plan didn’t materialize, get drill permits etc.
The plan at Little Deer is as follows: complete current drill program by approx. May 31; have P&E Mining Consultants complete revised resource estimation by June 30th (estimation to include all historical drill data and results of current program); have P&E complete internal scoping review by June 30 (ie. give us some information on the economics of the project using some real cost numbers). If the forgoing information is positive, and I can’t see how it would not be given the current Copper price, we would exercise our option to acquire a 100% interest in the property. We would then embark on a major infill drilling program to upgrade the Inferred Resources to the Indicated category so we could undertake a pre-feasibility or feasibility study.
All these issues need to be agreed to with our partner and these are my thoughts only.
Regards
John Heslop
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From: *******************************
Sent: Friday, May 06, 2011 8:46 AM
To: Info Thundermin
Subject: Lebel and Little Deer
Good morning John
John any progress on the permits for Lebel?
Also John concerning little Deer, I know we just had a NR and thanks.
But do you see any further drilling to take place after this phase based on what we can expect from the last few holes.
Thanks in advance
