Adanac expects Ruby Creek resource estimate

2005-04-05 14:44 ET - News Release

Mr. Larry Reaugh reports

Adanac Moly Corp. reports that the draft NI 43-101 resource estimate is expected within the next two days from AMEC PLC. Dr. Alistar J. Sinclair, PhD, PEng, has been contracted to co-ordinate information and results of the Ruby Creek deposit NI 43-101 resource evaluation.

Alastair J. Sinclair obtained his BSc and Msc degrees in geological engineering from the University of Toronto (1957 and 1958) and a PhD in economic geology from the University of British Columbia (1964). From 1962 to 1964 he taught in the department of geology, University of Washington, Seattle; and from 1964 to 1998 taught at the University of British Columbia. In addition to teaching he was head, department of geological sciences (1985 to 1990) and director of geological engineering (1991 to 1998). He is presently professor emeritus in geological engineering at the University of British Columbia where he taught for 35 years. For many years he taught courses in economic geology, mineral inventory estimation and mineralography and ore microscopy. His research activities have focused on mineral exploration data analysis, resource estimation of mineral deposits and quality control aspects of resource evaluation. He recently co-authored (with Prof. G. Blackwell) a text book on "Applied Mineral Inventory Estimation" and has produced two practical, web-based courses for the mining industry: Practical Ore Microscopy and Quality Control of Assay Data. He continues to be active in applied research relating to mineral deposit evaluation. Over the past three decades he has presented a wide range of short courses for the mining companies and professional organizations and has consulted widely for the international mining industry; he continues to be active in these fields.

Hatch was contracted to prepare an update of the proposed metallurgy and process plant to 2005 technology from that proposed by Placer Development Ltd. in their 1980 project plan. This update is required for the project description report to be included with the submission to the mines branch of the BC Ministry on Energy and Mines to start the government permit and license process for a mine.

Hatch (1955 to 2005) supplies process and business consulting, information technology, engineering, and project and construction management to the mining, metallurgical, manufacturing, energy and infrastructure industries.

Currently the company is receiving tenders from various engineering groups to commence separately pre-feasibility reports on the mining, milling and tailings facilities. The company will report on the successful tenders when awarded.

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Website: www.adanacmoly.com

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