The Creston Project is located in the State of Sonora, 175 Kms south of the US Border and boasts excellent infrastructure with close proximity to power, roads, and railway; a semi-desert climate allows for year round development. In addition, a custom molybdenum roaster is located approximately 105 Km from the property by road.
M3 Engineering & Technology Corporation of Tucson, Arizona (“M3”) completed an independent Pre-feasibility Study of the Creston Molybdenum Deposit in February 2009. The study estimated production, capital and operating cost parameters and project economics with the primary results listed below.
The Main Zone of the deposit contains 249,948,000 pounds of molybdenum and 158,831,000 pounds of copper in a proven and probable mineral reserve of 146,705,000 tonnes grading 0.077% Mo and 0.049% Cu. at a 0.035% Mo-equivalent* cut-off grade**.