Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on drilling operations and the remarkable discovery of copper mineralization at the Typhoon "Far Southwest" Anomaly, at the Santa Cruz Copper Project west of Casa Grande, Arizona. Mr. Friedland commented: "With the terabits of information gained from our 6,500-acre proprietary Typhoon geophysical survey, we can leverage our exploration dollars by drilling precisely where Typhoon indicates we should. We continue to demonstrate the exceptional reliability of Typhoon data processed by Computational Geosciences Inc. – first by making the discovery of East Ridge reported on November 8th and now by finding deep, intrusive-hosted copper mineralization at the Far Southwest Anomaly. We know of no other geophysical technology that directly detects deep chargeable copper mineralization at depths of over 3,000 feet. This American-owned technology is truly revolutionary and should be celebrated as such." Exploration drill hole SCC-098 was collared approximately 1,000 meters southwest of the nearest drill hole in the Santa Cruz resource area. After over 1,000 meters of basin-fill gravel cover, which obscures the underlying geology to conventional geophysical techniques, the drill hole crossed a fault and entered primary chalcopyrite and pyrite mineralization within intrusive rocks. The company said, "The intersection of these low to moderate concentrations of copper as chalcopyrite and accessory pyrite within a Laramide-age diorite porphyry with potassic alteration is an excellent technical achievement and demonstrates the utility of Typhoon to find new copper. We expect this zone will represent relatively low-grade "primary-style" sulfide mineralization and believe it should be viewed as strong evidence in support of delineating another faulted-off portion of the Santa Cruz mineral system. Based on our geological team’s understanding of the faults and structural relationships in the Santa Cruz district, we interpret the potential for leachable copper oxides, enriched copper sulfides and primary sulfides to exist within this fault block at somewhat shallower depths. We believe this mineralization potential to be located several hundred meters to the northeast of drill hole SCC-098. This relationship of primary sulfides to the enriched and leachable copper zones is already well established at both the Santa Cruz Deposit and East Ridge and may or may not repeat at the Far Southwest Exploration Area. Core sample from drill hole SCC-098 at the Far Southwest Typhoon Anomaly at 1,058.9 meters depth, showing Oracle Granite with brassy-yellow chalcopyrite within and along a white quartz vein."
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