Overview of Potential Primary Molybdenum Producers
A few young mo developers were brought to our concentration during our investigation in the metal flea market over the olden six months. Not all were integrated in this summary. We reviewed each and are reporting them alphabetically, not according to their virtues.
Adanac
The primary overhang of the Adanac Molybdenum Corporation (AUAYF) is a low form bulk metallic element alluviation set smaller quantity than 100 miles southeasterly of Whitehorse in Canada's Yukon Territory. Since the earlyish 1970s, the Ruby Creek geographical region has shown swear of, but simply of an liberal arts (Non 43-101 obedient) assets of more than 100 a million slews beside an intermediate form of 0.16 proportionality MoS2. The Adanac website boasts of 220 million pounds of Molybdenum, but no mining has understood situation since a 1971 capability word was submitted on the property.
Various mining companies have projected production and edge transaction on the property, plus Kerr Adison, Climax Molybdenum of BC, Placer Development Ltd and the unproved Adanac Mining and Exploration ensemble. In a May 2005 NI 43-101 report, using a cut-off position of greater than 0.10 proportionality moly, the friendship according a sounded and indicated resource of 24.2 million pounds of moly.