January 10, 2005 Drills, a geophysical crew, and equipment were being mobilized. Geochemical results from a talus sampling program conducted by Tenke in November/December 2004 have outlined a new, large copper/gold anomaly 1.5 kilometres south of Tenke’s Josemaria target zone, potentially expanding the known porphyry
system onto the adjacent TNR and Tenke’s joint-ventured Batidero property. The work program will comprise further geochemical and geophysical testing followed by approximately 4,900 metres of reverse-circulation (RC) drilling (14 holes) and 2,100 metres of cored drilling (5 holes) utilizing two rigs. The drilling will test expansion of the Josemaria discovery zone as well as new targets with a portion of the cored drilling allocated to twinning previous RC holes from last season on the Josemaria property. RC drilling is expected to commence in mid- January. Core drilling will start in February.