Based on the Company’s NI 43-101 Preliminary Economic Assessment Report, which was completed by Wardrop Engineering Inc. and published on SEDAR on September 15, 2011, the Tami-Mosi Project has an inferred resource of 412 million tonnes with an average grade of 12.3% Mg for a contained metal content of 111 billion pounds of magnesium using a 12% cut-off grade contained within a high purity dolomite block.
Located 10 km (6 miles) southeast of Ely, Nevada in the Tamberlaine District and consisting of 78 unpatented claims and 3 fractured claims totalling 667.5 hectares (1,637 acres). On September 15, 2011, a Preliminary Economic Assessment Report was completed by Wardrop Engineering (a Tetra Tech company) suggesting a 30,000 tonne per year of 99.9% pure magnesium ingot production for 30 years. The Company has engaged long term experts from the magnesium industry to assist in the development of the project.
In the Schell Creek Range of White Pine County, Nevada approximately 8 miles south east of Ely in the Tamberlaine district, 9.2 miles north of the Taylor silver mine.
This project is a 100% owned by Nevada Clean Magnesium Inc. (TSX.V:NVM).
Two properties in the Tamberlaine district – a past producer of gold, silver and manganese – recently joined together to cover two newly identified north-east and north-west mineralized trending structures that converge under a thin alluvial cover on the pediment. In late 2006 Biogeochemical surveys identified 4 potential gold bearing areas with a total strike length of over 2500 meters. In January 2007 Molycor staked an additional 78 unpatented claims at the Tami–Mosi property to expand on the original 41 mining claims.