1. Overview of the Glacier Gulch (Yorke-Hardy) Porphyry Mo-W Deposit
presented by
Don MacIntyre, Ph.D., P.Eng.
Consulting Geologist, Victoria, B.C.

2. Talk Outline regional geology geology of Hudson Bay Mountain
history & geology of the Glacier Gulch deposit
review of molybdenum economics
additional sources of information

3. Glacier Gulch Deposit classified as a porphyry Mo-W deposit
moderate tonnage, high grade
approx. 65 million years old
deposit not exposed on surface
underground mining required
economic viability currently being assessed

4. Brief History 1957 - staked by William Yorke-Hardy
optioned to Amax
optioned to Climax Molybdenum
adit collared at 1067 m elevation
164 drill holes completed, mostly underground
Climax purchases property from Mr. Yorke-Hardy
property sold to Mr. D. Davidson
2003 – property optioned to Fundamental Resources (private BC company)
2004 – Fundamental Resources option property to Patent Enforcement and Royalties Ltd.

8. Mineral Claims

10. Adit

12. Glacier Gulch (Yorke-Hardy) Resource Estimate (Giroux, 2005)
minimum grade required for economic extraction
any rock grading less than cut-off not included in resource calculation = waste rock
reflects value of rock for commodity or commodities of interest
strongly influenced by mining cost e.g. higher cut-off for underground mine versus open pit
final cut-off grade can’t be determined until a detailed economic feasibility analysis is completed
0.20% MoS2 cutoff - 82,980,000 tonnes grading 0.295% MoS2 = 293,460,000 lbs Mo
0.30% MoS2 cutoff – 25,450,000 tonnes grading 0.424% MoS2 = 129,360,000 lbs Mo

13. Mo deposits – by tonnage
Deposit Location Size Grade
(mt) % Mo
Adanac B.C
Compaccha Peru
Kitsault B.C
Glacier Gulch B.C
Thompson Creek Idaho
Red Mountain Yukon
Endako B.C
Henderson Col
Climax Col
Quartz Hill Alaska

14. Mo deposits – by grade Deposit Location Size Grade (mt) %Mo
Compaccha Peru
Endako B.C
Quartz Hill Alaska
Adanac B.C
Red Mountain Yukon
Thompson Creek Idaho
Kitsault B.C
Glacier Gulch B.C
Henderson Col
Climax Col

17. Mo commodity prices

22. Additional Sources of Information
Geology & Mineral Occurrences
Min. of Energy & Mines MapPlace web site
Mineral Tenure
Disclosure Statements
SEDAR website
General Information about Molybdenum
IMOA

23. Conclusions
Glacier Gulch deposit is a moderate size, relatively high grade porphyry Mo-W deposit
the deposit does not come to the surface and will have to be mined by underground methods
current Mo commodity prices have renewed interest in porphyry Mo deposits
a detailed feasibility analysis is required to determine if Glacier Gulch has the potential to be an economically viable mine