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Cedar Bay Mine - Total Ore Extracted

(1958 -1990)

3,782,850 T* @1.57% Cu & 3.12 g/t Au

Cedar Bay Mine – Projected Potential

Development

2200’-4000’

*T= short Tons, t = metric tonnes

CBay Production Potential: Cedar Bay

Intersections from ’94-’95 Cedar Bay Deep Drill Program