Reserves, Resources & Mines:

Work in the districts date to the late 1800's. Historical copper production is 55,000,000 pounds of copper with significant gold and silver credits.

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Projects

The Milford Mineral Belt is a geologic setting very typical of porphyry copper mega districts. The Milford district lies within an east trending belt of altered quartz monzonite, quartz monzonite porphyry, granodiorite, as well as altered andesites, diorites, and other typical volcanic associated with Porphyry copper mineralization.

Mineral Extraction
Over the next five years, Copper King is projected to extract:
  • 230,200,000 lbs. Copper
  • 115,100 ounces Gold
  • 11,510,000 ounces Silver
Based upon current market prices*, the value of these minerals would be:
  • $886,270,000 Copper
  • $115,100,000 Gold
  • $211,668,900 Silver

*Prices based on the market in March 2008.

It is estimated that with current proven reserves Copper King could process 2400 tons or ore per day for approximately 10 years producing almost $282,100 per day of revenue or $102,966,500 annually. Of course, proven reserves are a small fraction of what is believed to be in the Milford Mineral Belt. Drilling continues to prove more reserves daily increasing the amount of proven resources and profit expectations.

Mines
Principle mines of the Milford Mineral belt are:
  • The OK mine (small porphyry copper)
  • Hidden Treasure, Maria
  • Bawana, Sunrise
  • Old Hickory
  • Candy B
  • Copper Ranch
  • Montreal (all Skarns)
  • The Cactus mine (massive sulphide breccia pipe)
  • New Years Hill
  • Comet

 
 
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