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By Paulo F. T. Sachs

ERP systems have been widely implemented nowadays in several industries. However, ERP was originally designed to fit former MRP and MRP II users, and most of the ERP research has been focused on discrete manufacturing . On the other hand, process industries ? and mining in particular ? present many peculiar characteristics, which are difficult to comply with ERP systems standard functionalities. Again, very limited research has been developed covering enterprise management systems in mining. The objective of this paper is to identify, through an explanatory study that includes a case study methodology, how ERP systems manage the functional areas of the mining industry, and how they fit into the mineral value chain IT requirements. A secondary objective is to identify the gaps between ERP?s functional capabilities and the mining industry business requirements, and to point out the perceived benefits they generate to the companies.

May 1, 2004

By Carol J. Odell

As a mining social practitioner, social indicators are within the purview of required competencies. A situation, where the ER manager requested assistance in quickly deriving a few social indicators for the strategic plan motivates this paper: despite ample technical knowledge about indicators, a clear understanding of stakeholder aspirations and concerns, as well as familiarity with management priorities such a request required reflection to produce a satisfactory approach, which combined pragmatism with enough academic rigour to provide reliable measures, while being justifiable to management who are unfamiliar with many of the pertinent debates. Importance: Social indicators enable the identification of more and less effective mine-community engagement strategies as well as providing primary data to better understand how the mine-community social system responds to different interventions, thus guiding future engagement plans. In addition social indicators: ? Assist communication about social strategies with Engineering and Operations management, using a quantitative language that is familiar to them. ? Provides concrete data to engage stakeholders to discuss progress and challenges arising, to move discussions towards technically robust strategies and away from politically interested proposals. ? Finally, social measurement is required more and more in due diligence, covenants and ongoing monitoring in Independent Engineering assessments of projects for financing. This paper begins by considering some technical considerations that are useful to guide indicator development. It then introduces the field research informing this paper and discusses some useful results in the light of further applicable concepts from the literature. The paper ends by considering corporate aims in applying corporate social responsibility (CSR) programs and discusses the application of the research for practitioners at mining operations, in the light of these aims.

May 1, 2010

By K. J. Fair, H. W. Smith, D. R. Francis, J. M. Toguri

"Bench-scale batch milling and screening tests were carried out on secondary aluminum dross 10 produce an aluminum concentrate. To complement these tests, an analysis of a commercial plant was also performed by sampling dross at various stages in the plant's milling and screening circuit. These studies have indicated that benefits of increased capacity, grade and recovery of aluminum metal can be realized by addition of screens before the ball mill, longer grinding period and by grinding the smaller size fractions more efficiently.To test the predictions, a plant test was performed on the milling of100tons of secondary dross. The recycling of the large size fraction (+1/8 in.) of aluminum dross through the impact mill rather than through the rate limiting ball mill resulted in a comparable aluminum grade. The ball milling of the _1/ 8 in. + 10 mesh size gave a dross grade of71% AI. A lower feed rate to the ball mill resulted in a higher final grade. With minor modifications, secondary dross can be processed in 22% of the time it takes with the present circuit without a sacrifice in grade.IntroductionSecondary aluminum dross is a mixture of metallic aluminum, aluminum oxides and salts (alkali halides). Any comminution process deforms or slowly grind s the malleable metal phase and reduces the size of the friable, brittle, oxide-salt phase relatively fasterr(1).The milling of aluminum dross is performed to upgrade the metallic aluminum fraction. Figure I shows a flowsheet for the milling of secondary dross as presently practised at Metals and Alloys Co. Ltd., Toronto, Ontario. At point A, large acceptable grade material is hand picked for refurnacing, the unacceptable off-grade material is sent to the sweat furnace and the remaining, + 2 in. fraction is recycled through the 3.9 ft by 4.1 ft impact mill. For simplification, three ball mills are shown. However, in reality there is only one, a 5 ft by 10 ft ball mill used in a semi-batch mode. The 2 in. + 3/8in. and 3/8 in. + 10 mesh products are remilled in the ball mill. The -10 mesh material is discarded as waste."

Jan 1, 1987

"4.1. IntroductionThis chapter reviews the geochemistry of the platinum-group elements (POE) in sulphur-poor silicate rocks, and the limited data on POE in silicate, oxide, sulphide, arsenide and sulpharsenide minerals. The earliest geochemical studies of POE in silicate rocks, minerals and meteorites were carried out mainly by Goldschmidt, the Noddacks and their co-workers, and are reviewed in Crocket (1969). These researchers established the siderophile character of the POE, emphasized the common association of the group with sulphides in ultramafic-mafic rocks and suggested that very low concentrations of POE are typical of sulphur-poor silicate rocks and minerals. Much of these data were for Pt and Pd only and are more than 50 years old. Because of the poor sensitivity typical of the available analytical methods, few reliable data were obtained on silicate rocks in these early studies. Surveys of POE geochemistry demonstrate that the data base for sulphur-poor silicate rocks is very restricted, although considerable highquality data for Pd and Ir have been accumulated (Wright and Fleischer 1965, Yushko-Zakharova eta/., 1967, Mertie 1969, Crocket 1969, 1979, Keays 1981).Two recent publications, Vol. 71, No. 7 (1976), of Economic Geology (An Issue Devoted to Platinum-Group Elements) and Vol. 17, Part 2 (1979), of The Canadian Mineralogist (Nickel-Sulphide and Platinum-Group-Element Deposits), are of special interest. These volumes are clear testimony to the impressive progress made in the last decade toward describing the mineralogical and geochemical aspects of POE ore deposits, but at the same time demonstrate the constraints in modelling POE ore genesis due to our meager knowledge of the. POE content and distribution among minerals in the source rocks of ultramafic and mafic magmas. It is clear that the phases hosting POE in mantle source rocks are poorly understood. Nevertheless, Naldrett and Duke (1980) have shown that the absolute and relative concentrations of POE in magmatic sulphide ores are related to the degree of partial melting of mantle peridotites, and subsequent processes of batch equilibration and fractional segregation of sulphides."

Jan 1, 1979

By L. B. Hale

"Introduction This paper will discuss the current operations of Westar Mining Ltd. and give a brief history of the company and of the Crowsnest Pass area. Westar is an integrated company involved in mining, processing and marketing coal from its mines in southeastern British Columbia and shipping coal from Westshore Terminals at Roberts Bank, located just south of Vancouver, B.C. It is two-thirds owned by the B.C. Resources Investment Corporation and one-third owned by the Mitsubishi Corporation of Japan and a consortium of Japanese coal consumers. Operations in southeast British Columbia consist of four coal mines and two processing facilities (Fig. 1). The Elkview Coal Processing Plant near Sparwood, B.C. receives its raw coal from Balmer operations (Harmer open pit), Balmer South (Panel 6) an underground hydraulic mine, and Balmer North an underground room-and-pillar mine. The fourth mine, Greenhills, an open-pit operation, is located near Elkford, B.C. and has its own processing plant. The Balmer mining and processing complex is the largest metallurgical coal facility in Canada producing up to 7 .5 million tonnes of clean coal per year. The Greenhills operation, completed in mid-1983, has a capacity of 2.8 million tonnes. The high-grade metallurgical and thermal coal produced is primarily for export markets. The major customers are Japan, Korea, Brazil, Pakistan, Chile and Taiwan.Our coal and that produced by other mines in Alberta and British Columbia is shipped to the international markets through Westshore Terminals Ltd., a wholly-owned subsidiary. Westshore will have an annual capacity of 22 million tonnes of coal and accommodate ships of up to 250,000 dead weight tonnes by 1984 when its current expansion program is completed."

Jan 1, 1985

By L. D. Smith

"Those who submit competing proposals for projects seek to present senior management with complete and fully supported material that will not fail under questioning. Hopefully, misleading notions and omissions will have been minimized and there will have been testing of the assumptions regarding the economic, social and political environments. A capital project evaluation team can do management and itself a service by including a sound approach to the impact of inflation (and its twin problem, interest) on a project and a great disservice with an inappropriate approach to inflation.InflationHandled deftly, inflation can alter a project evaluation to show almost any result the handler desires. It must be a constant source of frustration for design people and cost estimators to spend weeks perfecting the technical aspects of a project in order to minimize costs, only to have all of their efforts set awash in a sea of financial and economic assumptions that submerge all of the detail. In all of this, inflation is perhaps the largest offender, with inflation criteria often being brought to bear at the last minute, almost as an afterthought. Perhaps this tardiness reflects the difficulty of the subject and the belief that senior management will take its own approach to the problems of inflation. Such a belief is unfair to senior management, for it is entitled to not being misled by omission. It is entitled to the full use of the skills of the evaluating team, including respectable assumptions of the impact of inflation.Working in a consulting context, one has the opportunity to participate in the evaluation of a large number of projects. Reflecting the observation of a wide range of views regarding the subject of inflation, this paper will-address the impact of five different approaches to inflation on the evaluation of a single Canadian mining project."

Jan 1, 1987

By I. S. Parrish

The Sullivan Mining Group has been exploring the mineral deposits of the Mount Pleasant area of southern New Brunswick since 1967. Sullivan geologists have logged over sixty miles of drill core, mapped over five miles of underground workings and studied numerous surface exposures. Several mineralized zones have been defined and two higher-grade porphyrytungsten bodies delineated. Within these bodies, wolframite occurs as disseminated specks and grains up to one-half inch in diameter. The host rock is a brecciated rhyolite porphyry that has intruded quartz-feldspar porphyry of Mississippian age . The host rock is itself intruded by an acid porphyry called transition rock and is underlain by a microgranite. The mineralized zones, host rock, transition rock and microgranite are all thought to be derived from the same magma, and to represent progressive fractions from that magma.

Jan 1, 1978

The construction, commissioning and operation of a continuous pilot-scale selective agglomeration (oil agglomeration) unit are described. This plant has been used to recover fine coal from an effluent stream that is produced by a jig plant which scalps the coal from a New South Wales (Australia) colliery. The reject slurry is extremely fine (66.5% minus 53 um) and has an ash content of approximately 40%. The pilot plant can treat up to 0.3 tonne/h of this slurry, producing average product ashes as low as 9.1% and tailings ashes greater than 80%. The average yield observed was62%, which corresponded to a recovery of coal material of 88%. The operation of this pilot plant yielded data that enabled an economic assessment of this type of processing to be carried out. This study showed that selective agglomeration is an economically viable process for eliminating the substantial losses of coal to tailings ponds and minimizing consequent disposal and environmental problems. A commercial plant has been constructed and commissioned on the basis of the data obtained from this pilot-scale operation.

Jan 1, 1979

By G. R. Rawsthorne

"The Con-Rycon mine is located on the north shore of Great Slave Lake in the Northwest Territories within the present city limits of Yellow-knife. Development work on the Con property started in 1936, resulting in a mine-mill complex which produced its first gold brick on September 5, 1938. Since that date 5,000,000 tons of ore have been mined yielding 3,000,000 ounces of gold. At present there are 220 employees at the mine.MineThe mine has 1.22 miles of vertical shaft, 41 miles of level development and 10 miles of inclined raises. There has been 1,000,000 feet of diamond drilling in search of ore. The temperature at the 4900 level (4400 feet below sea level) is 68 deg. F.The present mining method is cut and fill. The majority of the ore mined today passed through an internal winze before reaching the main shaft. The long haulage and double handling will be eliminated with the completion of a new shaft presently under construction to the 5800 level.MineralizationThe ore treated today is from the Campbell shear 1vhich is characterized by lenses and veinlets of coarse textured quartz containing some carbonate, sulphides and finely disseminated as well as visible gold. At the lower levels of the mine the arsenopyrite content in the ore is de-creasing with a~ increase in the levels of chalcopyrite and pyrrhotite."

Jan 1, 1974

By K. Schrijver, G. Beaudoin

"Four occurrences of galena-cemented sandstones, exposed in the Lower St. Lawrence - Gaspésie area, are described. They constitute a new, insufficiently explored type of deposit in Quebec.One mineralized body, a minor occurrence, is hosted in Lower Devonian rocks deposited in an estuarine, intertidal river channel during a marine regression; major cements are dolomite and sulphides. Another occurrence, a drilled prospect, is hosted in Upper Silurian rocks deposited unconformably on Cambro Ordovician basement during a marine transgression. With galena and quartz as main cementing minerals, it is similar to some well-known, economic sandstone-lead deposits. A third and fourth, a drilled prospect and a minor occurrence, are hosted in Upper Cambrian rocks deposited on continental slopes. In both, sulphides mainly occupy a secondary porosity. The differences between the third and fourth occurrences are: (1) cementing translucent minerals (carbonates and barite in one; chlorite in the other); (2) chronology of final subsurface dissolution (prior and subsequent to sulphide precipitation, respectively); and (3) important fracture porosity only in the barite-bearing deposit.The diversity of the four occurrences, and the unequal geological knowledge of their respective features, prohibit the formulation of uniform guidelines for further exploration.IntroductionThe attention of the mineral exploration community is drawn to four occurrences of galena-cemented sandstones (Fig. 2A) in the Cambrian of the Taconian Orogen and in the Siluro-Devonian basin of the Lower St. Lawrence and Gaspésie area (Fig. 1). In view of the fact that sandstone-lead deposits (Bjerlykke and Sangster, 1981) are, or have been, mined in several countries (e.g . Laisvall in Sweden: see Rickard et al., 1979; Largentiere in France: see Foglierini et al., 1980), the mere presence of occurrences in Quebec indicates that the mineral potential of some parts of the Appalachians requires further evaluation.Exploration for the deposits considered here is essentially restricted to geological methods and drilJing (e.g . Mainguet Suares and Samama, 1969), since the response to geophysical methods is virtually nil, at least in the initial, surficial stage of an exploration program. As the particular disciplines of geology utilized in exploration depend a great deal on the geological setting of a mineral occurrence, the diversity of the Quebec deposits is of prime importance. Therefore, the four occurrences (Fig. I, Table 1) studied by the authors are herein briefly described with emphasis on their stratigraphic and tectonic setting, and on the evolution of pore space and sequential occlusion of pores and fractures. Prior to further research in and around the occurrences, now in progress (e.g. Beaudoin, 1987; Beaudoin et al., 1987), it is hoped that the following outline will be useful to the explorationist."

Jan 1, 1987

By H. A. Bilgin, G. G. U. Aldas

"Ground vibration is the natural result of the blasting process. Many empirical formulae and methodologies including analysis of travel path effects have been developed. The scaled distance, which is the most popular approach for the calculation of the attenuation of particle velocity in the ground, has led to significant advances in the prediction of particle velocity when both explosive charge and distance vary. However, this approach does not consider the effect of ground anisotropy and existence of structural geological features on ground vibration. Therefore, in this study, the effects of these rock mass properties on types, amplitudes, and frequencies of ground vibration waves at four surface mines are examined. The results, which were implemented at Kangal coal mine, Bastas quarry and Kíbrís quarry, provided guidance for the extensive study at Orhaneli surface coal mine.As a result of the study, the authors came to the conclusion that vibration amplitudes change depending on the ground on which sensors were deployed and the conditions depending on whether measurements were done near major structural geological features. It was determined that the vibration amplitudes, measured at equal distances from the source but in different directions, change because of the propagation velocity anisotropy. Besides the change of wave type due to the kind of ground at the measurement location, it was determined that vibration anomolies were due to structural features."

Jan 1, 2004

By A. Cabañas

"In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned.A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view. IntroductionThe copper price traded in the London Metal Exchange is a relevant parameter for defining macroeconomic policies of producing countries like Chile. It is also a key factor for the mining companies, since fluctuations in the sell price affect the expected financial flows. Due to the amount of money involved in decision-making, it is necessary to have accurate forecasts of the future copper prices and to quantify the uncertainty associated with such prices.This paper focuses on the annual copper price estimation in the short and medium terms, i.e., from one to five years into the future. Henceforth, the word “estimation” will be used as a synonym of “forecast,” according to the geostatistical jargon (Matheron, 1989).Two main approaches, based either on statistics or econometrics, are currently used to forecast commodity prices, but both of them are not very accurate when applied to copper. First, the main methods are briefly reviewed, then the geostatistical formalism will be presented. So far, the latter approach hardly has been used to estimate commodity prices, although it may reconcile both statistics and econometrics via (1) the use of a stochastic approach and (2) the handling of ancillary variables related to the copper market. Another advantage of geostatistical techniques is the ability not only to forecast the copper price, but also to measure the uncertainty associated with it."

Jan 1, 2004

By Graham Davey

"Low speed stirred milling has been employed for many years in the metalliferous and industrial minerals industries. High speed stirred milling is a relatively new method of grinding in the metalliferous process industries. However it has been it has been in wide spread use in the industrial mineral field for over 30 years for various minerals. Many existing metallurgical operations are looking to maximize economic return from existing deposits, requiring new thinking and technologies. By combining low speed and high-speed milling fine and ultrafine grinding efficiency and operating costs can be improved.The correct selection of different fine grinding technologies is covered, when each mill is applicable and when a combination of the VERTIMILL® Grinding Mill and SMD provides the best economic solution.INTRODUCTIONUltra-fine grinding of minerals has been in wide spread use in the industrial mineral field for over 30 years. Within the last 10 years the metalliferous industry has shown interest in the ability to produce ultrafine particles, as chemical, physio-chemical and physical separation processes have advanced to be able to treat ultrafine metalliferous particles. Also as the primary mineral deposits, around the world are depleted, new more difficult deposits must be mined. Existing operations are also looking to maximize economic return from existing deposits, requiring new thinking and technologies.The traditional approach for gold containing refractory material has been to liberate the locked gold by chemically destroying the pyrite through oxidation. Roasting, pressure oxidation, and bacterial oxidation all employ various degrees of temperature, pressure and catalysis to react the pyrite with oxygen to produce iron oxide and sulfur by-products. However all of these methods are economically impacted due to specific operational added requirements and emissions controls. Pressure and bacterial oxidation have very high capital and operating costs."

Jan 1, 2006

By Claude Deveau

"Studies on the performance of Falcon batch type concentrators treating ultrafine tantalum at Tanco have revealed that very fine heavy minerals are concentrated within certain areas of the concentrate bed. This information led to the design of a bowl which would allow entrapped lighter low grade particles to escape while providing more space for heavier particles to be recovered in the bed.Numerous tests were then completed with a modified batch-type and non-fluidized Falcon bowl in which the diameter of the discharge lip was adjusted downward manually in steps. This allowed for the gradual building of a higher grade concentrate bed.This work ultimately led to the design of a new Falcon with an automated continuously variable lip. In April 2005, Tanco commissioned the first Falcon UF600.This paper will discuss laboratory scale results and also plant performance of the Falcon’s UF technology.INTRODUCTIONTantalum Mining Corporation of Canada, also known as Tanco, is a wholly owned subsidiary of Cabot Corporation based in Boston, Mass. Operating since 1969, the underground highly mechanized room and pillar operation produces tantalum, lithium and cesium minerals and is located a 2 hour drive east-northeast of Winnipeg Manitoba, Canada.At Tanco, tantalum is recovered using conventional gravity concentration, enhanced gravity concentration and flotation. This paper will discuss how the need for improved equipment to treat very fine tantalum particles was filled by a machine which was modified to the point of creating a completely new technology.In November 2003, Tanco began the investigation for the potential use of a high g-force smooth walled concentrator for treating ultra fine tantalum produced by its flotation circuit. Until then, the tantalum flotation concentrate had been treated by a circuit which consisted of a Mozley Multi-Gravity Separator 902 (MGS), a Mozley MGS 900 and a Bartles cross belt concentrator. Through QemScan analysis, it was found that the majority of the losses from this circuit were of an extremely fine nature which exceeded the recovery limits of equipment on hand. Mean particle size of the tantalum losses was less than 10 µm."

Jan 1, 2006

In this paper, geostatistical techniques are applied to forecast the annual copper price in the short and medium terms (from one to five years ahead). These techniques allow the incorporation of monthly and multivariate information in the analysis and provide more accurate results than traditional approaches, especially as far as the one-year forecast is concerned. A second advantage of geostatistics stems from its ability to assess the uncertainty associated with the unknown future prices, thanks to estimation variances or confidence intervals, depending on the technique used. Such an assessment has a crucial importance in decision-making, from both macroeconomic and microeconomic points of view

Sep 1, 2004

By William Petruk, J. R. Schnarr

The behaviour of minerals during flotation of a fine-grained pyrite-rich base metal ore was investigated by studying the feeds. concentrate and tailings from every flotation cell in the mill of Brunswick Mining and Smelting Corp. Ltd. Bathurst. New Brunswick. The samples were analyzed for Zn, Pb, Cu. Fe, Ag. Sb, Sn, Bi, In. Hg, Mo and As. Mass balances were computed and recoveries of all metals from each cell. from each circuit and from the mill were calculated. The percentages of sphalerite. galena and chalcopyrite occurring as free grains in each product were determined with an image analyser, as were size analyses for free mineral grains and middling particles, and compared with screen analyses. The results show that the behaviour of minerals is defined much better by the recovery of free mineral grains than by the recovery of elements. The recovery of free sphalerite in the zinc circuit is 96 wt %, whereas Zn recovery from the same circuit is 88 wt %. the difference being due to unliberated sphalerite. The recovery of free sphalerite from the mill feed is 88 wt % and Zn 78 wt %. The recovery of free galenafrom the mill feed is 88 wt % and Pb 64 wt %. The recovery of free chalcopyrite is 75 wt % and Cu 45 wt %. Size analyses show that more sphalerite and chalcopyrite can be liberated by regrinding. but the galena is so fine grained that regrinding would not necessarily improve liberation. Silver occurs mainly in tetrahedrite and galena; the main loss in the tailings is due to large (+ 26 um) and small (-1 um} free and unliberated tetrahedrite grains.

Jan 1, 1981

Project Located in northwestern British Columbia 70km West of Cassiar Highway Galore Creek Project and Road Access Corridors Designated For Mineral Development in Stikine-Cassiar Land Resource Management Plan (LRMP)Approved in 2000Strong BC Government, local community and Tahltan First Nation Support for Project

May 1, 2006

By Georgia J. Lysay

The Kemess Mine tailings impoundment is retained behind an earthfill and rockfill dam that, when complete, will measure about 140 m in height with a crest length in excess of 1 km. Due to weak foundation conditions, the dam must be raised at a very flat downstream slope approaching 7H:1V. This requires an enormous volume of fill to construct the downstream shell of the dam, which has a low permeability clayey till core and is raised via the centerline construction method. For the initial years of annual dam raising, from 1996 through 2002, the downstream shell of the dam was constructed with non acid generating waste rock from the open pit, 7 km distant and requiring an uphill haul with obvious cost implications. To reduce costs, and to reduce waste haulage constraints on mining schedules, feasibility studies were initiated for raising of the downstream shell using cycloned tailings sand as opposed to open pit waste. This required inclusion of flotation cells for removal of residual sulphides from the tailings to produce the non acid generating product mandated for the downstream shell of the dam. These studies were positive, and cycloned sand construction was initiated in December of 2002. This paper describes the experience gained with cycloned sand construction for the dam. Unique aspects include environmental controls given the sulphide-bearing ores, preparation of the existing shell of the dam for subsequent placement of hydraulically placed cycloned tailings sand, on-dam settling ponds, water management issues, reclamation of the sand dam for erosion control commensurate with the wet climate, and use of the system to construct an above-water beach of non acid generating tailings to increase the closure security of the structure. A particularly unique aspect of the Kemess experience is hydraulic fill operations extending throughout the coldest winter months, as compared to other operations where such placement has traditionally been considered non-viable through the winter months

May 1, 2007

By Jom Kresta

Fundamental changes in the Bitumen Production process at Syncrude have led to the integration of Mining and Extraction operations. Successful operation of the integrated process requires the coordinated effort of several business units. Hence, decision-making has become increasingly more complex and better tools are required. IO2 is a collaborative effort to develop a proof-of-concept prototype of a distributed decision-support system for integrated short-term production and maintenance planning with fleet allocation and dispatching. The prototype includes three main modules (planning, dispatch, and maintenance), a shared database, and a simulation module. At this stage, this prototype is used to plan and operate a simulated mining operation. It is used to demonstrate the viability of the chosen systems architecture and algorithms, as well as the information flows and interactions necessary for improving the overall performance of the integrated operation. While the problem is demonstrated using Syncrude?s site, the methodology is applicable to most integrated resource allocation problems.

May 1, 2002

By James R. Lang

The Xietongmen deposit is located 350 km west of Lhasa, Tibet. It is a new, high-grade porphyry copper-gold discovery and the first deposit to be systematically explored by a western company in southern Tibet. In 2005, Continental Minerals Corporation drilled 21,332 m of core in 63 holes and demonstrated excellent lateral and vertical continuity of high-grade copper-gold mineralization over an area 750 m by up to 350 m in size which remains open in all lateral directions. Drill intersections repeatedly yield grades >1% Cu equivalent (based on gold and copper prices) and include 308.5 m at 0.87% Cu and 1.25 g/T Au (1.60 CuEQ%), and 315.6 metres at 0.61% Cu and 1.11 g/T Au (1.26 CuEQ%). Extensive drilling in 2006 will expand and delineate the deposit, and metallurgical, engineering, environmental and socio-economic evaluations will begin. Xietongmen is hosted by volcanic and intrusive rocks of the Gangdese belt, a magmatic arc active between 120 and 30 Ma along the southern margin of Eurasia. Pervasive alteration is dominated by a well-mineralized K-feldspar and biotite assemblage, and by a more peripheral sericitic assemblage also with strong chalcopyrite. Major vein stages include chalcopyrite-bearing quartz, biotite, magnetite and pyrite-pyrrhotite types.

May 1, 2006