Xtract Resources - Re: XTR Stream Log - From the revival tent: A...

From the revival tent: A CNW release from June,18th 2009 mentions POLAR STAR FILES NI 43-101 REPORT ON CHÉPICA COPPER/GOLD PROJECT IN CHILE it reads: As announced on May 21, 2009, the Company together with SRK Consulting of Santiago Chile have refined the geostatistical parameters of the resource model presented in the draft recieved in April. The main difference being the change from one generalized search ellipsoid in the April draft to two sub-ellipsoids orientated parallel to the strike of both sections of the Chépica Number 1 Vein system. The Company has now filed the NI 43-101 compliant Technical Report on SEDAR. Highlights of the report: Total Measured and Indicated Resources of the Chépica Number 1 Vein system are 178.000 tonnes grading 4.1 grams/tonne gold, 9.5 grams/tonne silver and 0,51% copper using an uncapped cut-off grade of 1,3 grams/tonne gold. The current Chépica plant should allow for processing at the designed capacity of 120 tonnes/day of sulphide ore. Operating cost of US$ 8/ton are in keeping with the design and size of the panel. SKR Consulting is of the opinion that there are excellent opportunities at Chépica to expand the current size of the copper/gold project..Later will come back with the Chépica Copper-Gold Project Mineral Resource Statement as from May 8, 2009.