El Pilar

El Pilar Project

NI 43-101 El Pilar Project, Sonora, Mexico – Technical Report
Feasibility Executive Summary - View Report

General

Stingray completed the purchase of 100% of Noranda Exploracion Mexico S.A. de C.V. in April of 2007 and changed the name of this subsidiary to Recursos Stingray de Cobre S.A. de C.V. [“Stingray de Cobre”]

The El Pilar property is 100% owned by Stingray de Cobre and is located in north central Sonora roughly fifteen (15) kilometres south of the international border with the United States (Figure 1). The property is situated in a highly prospective belt of porphyry copper deposits ranging from La Caridad in the south through to central Arizona. This belt hosts numerous copper deposits (Figure 2) ranging from the Cananea Copper Mine (7.1 billion tonnes @ 0.42% copper) in the south through to central Arizona where the Morenci Copper Mine of Phelps Dodge Corp. is located (4.7 billion tonnes @ 0.52% copper). This copper trend accounts for the second largest concentration of porphyry copper deposits in the world where mining for copper has been continuous for over 100 years. El Pilar lies 45 kilometers northwest of the Cananea Copper Mine of Grupo Mexico, the largest porphyry copper deposit in Mexico and one of the largest in the world. The El Pilar property consists of concessions that total 7168 hectares in seventeen concessions located in the middle of this prolific copper trend.

Stingray has completed work at the Property that has been incorporated in the Feasibility Study by M3 Engineering and Technology Corporation as summarized in the report link above.

Ongoing Work

The Company has engaged Aker Chemetics to complete Basic Engineering on a proposed Acid Co-Generating Plant and continues its efforts to secure necessary surface rights, power right of way and various environmental permits as required.