The Getty ores would be treated with conven-           Highlights:The Company                                          tio...
In conclusion, the Getty project offers consider-  Thus, the by-product metal credits potentially able immediate explorati...
Getty West Zone                                      North Valley Zone I.P. Anomalies                    Potential Value D...
Directors and Officers:                                                                                                   ...
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Quik Report - Getty Copper


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Quik Report - Getty Copper

  1. 1. The Getty ores would be treated with conven- Highlights:The Company tional crushing, grinding and flotation to produceGetty Copper Inc. is a resource company explor- bulk copper and molybdenum concentrates. The  TSX Venture Exchange: GTC flotation tailings, which contain the oxide frac-ing and developing it’s property of approxi- tion of the copper ore, would then be treated by  Positive Pre-Feasibility Studymately 269 square kilometers (104 sq. miles). industrially proven, acidic vat leaching for cop-  $22,000,000 in Financings per recovery. The combined copper and molyb-The Getty Project is located in the Highland denum flotation concentrate will be pressure  TITAN 24 QUANTEC Geophysical SurveyValley near Logan Lake, in the Kamloops Mining leached utilizing industrially-proven, nitrogenDivision of British Columbia, Canada. It directly species catalyzed (NSC) pressure oxidation.  420 Diamond Drill Holes totaling 74,000abuts Teck’s Highland Valley Copper Mine, (with meters (242,782 feet)Gold, Silver and Molybdenum by-products), one Conventional copper solvent extraction and electrowinning would be used to produce on site  Geophysical Surveysof the largest mines in the world. • 296-line km (185 miles) of I.P. LME quality electrowon copper metal cathodes. • 227-line km (142 miles) of magneto- meter surveys The leached molybdenum would be recovered via hydrometallurgical processing to produce  Geochemical Surveys molybdenum trioxide on site. A sodium sulphate •8,761 samples taken along 296-line km (185 miles) by-product will also be produced and sold. In addition, the Getty hydrometallurgical plant is  Detailed Geological Mapping 23 sq. km proposed to be sized with extra process capacity (14 sq. miles) to accommodate the treatment of outside cus-  Metallurgical Studies tom copper and molybdenum concentrates. Overall, the designed production capacity of the  Environmental StudiesPositive Pre-Feasibility Study Getty Project metallurgical production facilities is  Registered with United States – Securities estimated to be 30,000 tonnes of copper metal and Exchange Commission (SEC) - 20FWest Coast Environmental and Engineering cathode and 1,300 tonnes of molybdenum triox-(WCE) recommends proceeding to a full feasibil- ide per annum.  Large Property approximately 269 sq. km.ity study in their recent independent Prelimi- (104 sq. miles) of mineral claimsnary Feasibility Study, covering the Getty North It is also anticipated by Getty, that with modestand Getty South deposits, filed on exploration and confirmatory drilling in the mid-  Hydrometric Study on streams and dle of both deposits and further elemental anal- ysis, the total resource and reserve tonnageThe compilation of both the Getty North and could potentially be increased along with the by- Summary of Getty Mineral Resource EstimatesGetty South Reserves indicated that in-fill drill- product credits for potential recoverable molyb-ing in the middle of both deposits could poten- denum, rhenium, silver and gold. The by-producttially upgrade the resource and add to the cur- credits would serve to, in effect, increase therent reserve tonnages. This would enable an copper ore grade (and resultant price and reve-increased mining rate to be realized. nue per tonne) and enhance the project’s NPV.Current estimated mine life is 17 years. This As well, increasing the mining and processing atassumes a nominal 15,000 tonnes of ore mined higher annual rates because of a larger con-per day with an open pit mining operation. firmed reserve would likely lower the operating costs.
  2. 2. In conclusion, the Getty project offers consider- Thus, the by-product metal credits potentially able immediate exploration, technical and eco- available in the deposits for molybdenum, gold and The Getty Copper Project nomic upside based on a number of factors silver are potentially recoverable in the metallurgi- Getty’s initial environmental and mine devel- including; cal processing at Getty. These could raise ore opment permitting work is underway and the An ideal project setting in a historic and cur- grade, increase revenue per tonne processed, low- Company believes that the necessary mine rently producing mining district with a stable er overall copper cash costs and potentially raise development approvals would not be subject government, infrastructure and transportation the project Net Present Value (NPV). to undue delays. Metallurgical testing, com- readily available.  The potential readily achievable higher mining puterized 3D modeling and computerized calculation of reserve and resource tonnageThe ready in-fill drilling targets revealed by the and processing capacity could lead to lower oper- ating costs per tonne of ore mined and a higher estimates are ongoing. updated pre-feasibility study modeling that are project Net Present Value (NPV). located in the center of both the Getty North Getty North Deposit and Getty South Deposits.  The potentially realizable and proven economies of scale derived by raising production, along with  49 million tonnes of probable reservesFurther potentially recoverable molybdenum, averaging 0.40% Cu and 0.005% Mo. rhenium, gold and silver credits in each deposit. an increase in mine life while recovering more by -product molybdenum, gold and silver along with  69 million tonnes of drill-indicated No credit was given for molybdenum values in potential outside custom concentrate treatment resources averaging 0.37% Cu. the Getty South Deposit because of limited could potentially increase the NPV and the IRR.  18 million tonnes of drill-inferred data. Further, the resource and reserves of resources averaging 0.27% Cu. molybdenum listed in the Getty North Deposit  Industrially proven state-of-the-art metallurgical  23 km (14 miles) Induced polarization are possibly understated due to cropping of technologies have been employed which derive survey (I.P.) and 16 km of geochemical high grade values in the data. Based on histori- the full value of the ores on site and also allow survey. cal production in the Highland Valley, potential- outside materials to be processed at incremental  302 drill holes totalling 55,007 m ly there are an estimated additional 10 million cost with additional project profit revenue. (180,469 ft.) pounds of molybdenum that may be identified  Excess incremental metallurgical capacity would  Titan 24 Quantec DCIP and MT Survey with some further limited drilling and assaying. be available in the proposed plant design for  Detailed geological mapping of deposit Additional assaying of resource samples is to be treating outside custom copper and molybdenum and surrounding areas. done to quantify the potential precious metals concentrates at an incremental process cost for  Computerized resource estimation and content of the Getty North and Getty South a net profit (ie: approximately 9,000 annual projected initial pit design. Deposits. However, Dr. Morris Beattie, P.Eng in tonnes of copper and about 1,000 annual tonnes his 1997 independent flotation testing studies of molybdenum trioxide excess process plant Getty South Deposit produced bulk concentrates from composite capacity are available). Utilization of this positive [50% Ownership] Getty ores that assayed as high as 2.97 g/T revenue generation option could significantly  36 million tonnes of probable reserves gold, 57.8 g/T silver and 0.982 % molybdenum. enhance the project NPV and capital payback averaging 0.40% Cu This is evidence of the occurrence, quantity and period.  45 million tonnes of drill-indicated recoverability of these additional by-product  The potential quantities of additional gold, silver resources averaging 0.38% Cu. revenue metals currently present in the Getty and molybdenum disclosed herein in relation to  23.5 million tonnes of drill-inferred ores. None of this potential additional revenue the Getty Copper Project are not accounted for in resources averaging 0.28% Cu is accounted for in the current NI 43-101 Pre the current NI 43-101 pre-feasibility study. These  118 Drill holes totalling 19,003 m (62,345 Feasibility Study. However, Metallurgist, Todd quantities are extrapolated from independent ft.) Fayram QP, modeled the value of the addition- flotation testing studies which produced bulk  Titan 24 Quantec DCIP Survey al gold, silver, and molybdenum over the cur- concentrates from composite Getty ores contain-  19 km (12 miles ) of I.P. and 13 km (8 rent projected PFS mine life of 17 years. These ing assays of gold, silver and molybdenum. The miles) of magnetometer surveys products potentially amount to an additional potential quantities of additional gold, silver and  20 km (12 miles) of geochemical soil sam- 180,000 troy ounces of gold and 2,200,000 troy molybdenum disclosed herein are conceptual in pling. ounces of silver mined, recovered and pro- nature. There has been insufficient exploration  1572 m (5,158 ft.) of surface trenching, cessed in the project. At today’s prices, these to define a mineral resource and it is uncertain if outlined extensive copper mineralization by-product metal credits could be substantial further exploration will result in any of these and could increase the project NPV. minerals being delineated as a mineral resource.
  3. 3. Getty West Zone North Valley Zone I.P. Anomalies Potential Value Drivers on the project giving it future upside. These include:The Getty West Zone is located 1.4 km to the  Two large intense I.P. chargeability anomalies.southwest of the Getty North Deposit.  The Southwest anomaly measures 1,200m  The large IP anomaly present in the Getty WestAs a result of 13.5 line kilometers (8.4 miles) of (3,900 ft.) by 2,100 m (6,900 ft.) occurs in an Zone may be indicative of a Highland ValleyI.P. and magnetometer surveying, a large, 1 type porphyry copper, molybdenum, gold and area of favourable geology of Highland Valley silver resource, as shown by the mineralizationkilometer wide I.P. chargeability anomaly was phase , Guichon granodiorite intruded by Beth- in three previous diamond drill holes. Targetsoutlined on the Getty West Zone, which ap- lehem phase porphyritic granodiorite. of the next phase of drilling is intended to fol-pears to be striking toward the Getty North  The large Northwest anomaly measures low up on the porphyry copper mineralizationDeposit. intersected in DDH (GL 96-08, 42 meters, ( 138 2,600m (8,500 ft.) by 3,000m (9,800 ft.).The next proposed phase of diamond drilling is feet) grading 0.26% Cu with 0.02% Mo including 16 meters (53 ft.) grading 0.42% Cu with 0.03%intended to follow up on the porphyry copper mineralization intersected in discovery In addition, DDH GL 97-03, had two adjacent 10diamond drill hole GL96-08, which yielded 42 meter intervals (152-162 meters and 162-172meters (138 ft.) grading 0.26% Cu with .02% meters) grading 0.205g gold per tonne, suggestMo., including 16 meters (53 ft.) grading 0.42% the presence of a zone of disseminated gold.Cu and 0.025% Mo.  The very large IP anomalies shown as theThis proposed follow up diamond drilling may North Valley Zone and the Glossie Zone.confirm that another Highland Valley porphyry  The potential for additional by-product sulfuriccopper, molybdenum, gold and silver deposit in acid and ammonium sulfate fertilizer produc-the Getty West Zone or is an extension of the tion through the advanced industrial metallur-Getty North Deposit. gical technology to be employed by Getty may also be available.The Titan 24 Quantec Geophysical Survey wascompleted December 2010.  Large undeveloped copper polymetallic re- source with exploration potential in the heart of Canada’s copper country. Environment NSC bulk flotation concentrate pressure leaching and agitated vat leaching of flotation tailings with SX-EW processing to produce 99.99% pure copper cathodes and Molybdenum Trioxide. These closed circuit processes are environmentallyGlossie Zone friendly.The two large IP anomalies shown as the  Land use plan: mining and other resource based industries permitted.Glossie Zone which historical reports state thatin 1915, 19.8 tonnes (21.8 tons) of hand-  Getty Property is in a large, existing active major mining area.selected ore from two shafts was shipped to theTacoma smelter. Assay returns were 0.94  Extensive clear-cut logging on the property.grams per tonne (0.03 ounce per ton) gold;  Hydrometric Studies completed on streams86.25 grams per tonne (2.76 ounces per ton) and creeks.silver; and 12.62 per cent copper.  Environmental base line study, completed byGetty West Discovery Hole GL 96-08 - follow up Gartner Lee Ltd.diamond drilling may confirm that a new depos-  No salmon rivers or lakes on the exits on the Getty West zone or is a faulted  Adjacent to the Valley Lornex and Bethlehemoff section of the Getty North Deposit. tailings ponds and mine sites.
  4. 4. Directors and Officers: Dr. Corby G. Anderson, QP CEng FIMMM FIChemE C.E.O., C.O.O, President & Director Donald Willoughby, FCA, C.F.O. & Director Bernhard Zinkhofer, LL.B, CA Corporate Secretary Dennis Milburn, CA, Geologist Director John Lepinski Managing Director Edward Leung, CGA Director Robert Peterson, BSc Engineering Director Technical Consultants: (Current & Prior) Todd S. Fayram, QP Continental Metallurgical Services West Coast Environmental and Engineering Titan 24 Quantec Geophysical Survey, Jim Oliver, Ph.D., P.Geo. Dr. Morris Beattie, P.Eng. Kevin Newman, B.Sc., P.Geo. David Shaw, Ph.D. Geology Lyle Morgenthaler, P.Eng. Watts Griffis and McQuat, Toronto, Ontario Eco-tech Laboratories, Kamloops, BC Chemex Laboratories, Vancouver, BC Gartner Lee Ltd., Environmental Consultants, Vancouver, BC Peter Walcott & Associates, Consulting Geophysicists, Vancouver, BC Amex Exploration Ltd., Kamloops, BC Mike Miles & Associates Ltd., Hydrometric Studies.This brochure includes certain statements that may be deemed “ forward looking statements”. Investors are cautioned that anysuch statements are not guarantees of future performance and actual results or developments may vary materially from those Corporate Offices:projected in the forward-looking statements. For more information on the risks inherent in the Company’s business, investors 1000 Austin Avenueshould review the company’s annual Form 20-F filling with the United States Securities Commission and its home jurisdiction Coquitlam, BC Canada V3K 3P1filings that are available at This brochure is qualified in its entirety by the public disclosure record. This is not asolicitation to purchase any securities nor does it constitute investment advice. See your investment advisor or other profession- Telephone: (604) 931-3231al advisor prior to considering any investment in securities. Facsimile: (604) 931-2814The brochure also refers to “measured and indicated mineral resources” which do not have demonstrated economic viability. Website: www.gettycopper.comInvestors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever achieve the status Email: getty@telus.netof “ore reserve”. May 3, 2012