Metals Companies Crazy Horse Resources
Last Updated on Sunday, 04 March 2012 12:16 Written by Brian Boutilier Sunday, 04 March 2012 12:15
Mining Companies - Metals Companies
Junior Exploration/Development Cu/Au/Ag
Crazy Horse Resources is a Canadian based mining company with corporate offices in Vancouver, British Columbia, Canada and in Manila, Philippines. Crazy Horse is an advanced explorer with focus on the development of the Taysan copper-gold project that has 100% ownership, an established resource and large exploration upside.
The Taysan Copper Gold Project hosts a large and only partly explored copper-gold porphyry deposit similar to other copper-gold porphyry deposits previously mined in the Philippines. The Taysan Copper Gold Project is located in southern Luzon, Philippines in a well-developed mining province and readily accessible by road located 20km east of the provincial capital and deep-water commercial port of Batangas City. The Company is listed on the Toronto venture exchange under (CZH) and OTCQX under (CRZHF).
Annual Trading Range .19-1.44
Trading on 2 March 2012 @ .30
|
Issued & Outstanding |
64,483,014 |
|
|
Stock Options |
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4,325,000 |
|
Warrants |
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Nil |
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Fully Diluted |
68,808,014 |
Q1 2012
Cash and Equivalents 7.5m
St Liabilities 2.6M
Cash Burn Rate 5.5M
Quarterly Loss (.09)
Taysan
The Taysan Project is located on the south western segment of the island of Luzon in the well developed industrial province of Batangas, 100km south of Manila. The Project comprises of 11,254 hectares with two known deposits: a large copper-gold porphyry deposit (the "Taysan Deposit") similar to other copper-gold porphyry deposits previously mined in the Philippines, and the Antipolo Epithermal Gold Mine.
The Taysan Copper Gold Project contains a drill defined copper-gold porphyry deposit, and is comprised of two mining exploration permits and three mining exploration permit applications (permits: EP-IVA-005 and EP-IVA-016, and permit applications: EPA-IVI-108, EPA-IVI-111 and EPA-IVA-081) over five contiguous claim blocks covering a combined total area of 11,254 hectares.
Project Summary
April 2011 - NI 43-101 Technical Report & Preliminary Economic Assessment on the Taysan Project
Resources at 0.1% Cu cut off : 411 Mt Indicated and 542 Mt Inferred
Expected Mine Life: 15 years
Estimated production LOM: 1.34Blb Cu , 0.41Moz Au, 2.72Moz Ag, 4.09Mt of Magnetite
Estimated initial Capital Costs : $510.7 million
NPV at 10% after tax : $609 million
Update:
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Feb 29, 2012 |
Mitch Alland, Chairman and CEO
Brian Lueck, COO & Director
Darryl Cardey, CFO & Director
Paul Reynolds, Director
AMEC, Study Management
Corporate Presentation
http://crazyhorseresources.com/i/pdf/CorporatePresentation.pdf
Fact Sheet
http://crazyhorseresources.com/i/pdf/FactSheet.pdf
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Feb 29, 2012 Highlights ... |
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Jan 18, 2012 Taysan Pre-Feasibility Study Update Magnetite Recovery Improves by approximately 80% from 51% to 91% Increasing Taysan Project IRR from 29.3% to 33.6% Highlights ... |
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Dec 19, 2011 Crazy Horse Resources Inc. Completes Updated Resource Report Vancouver, British Columbia, December 19, 2011 - Crazy Horse Resources Inc. (TSXV: CZH) (" Crazy Horse ... |
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written by Brian Boutilier, March 04, 2012
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