Getty Receives Updated Resource Estimate on Getty North Deposit

    Trading Symbol TSX:V GTC

    VANCOUVER, Aug. 23 /CNW/ - The company wishes to announce that it has
received a National Instrument 43-101 (NI 43-101) Technical Report for the
Getty North Copper Deposit located in the Highland Valley area near Kamloops,
British Columbia. The report was prepared by Craig L. Parkinson, P.G. and
Mark E. Smith, P.E., G.E. of Vector Engineering, Inc.
    The report discloses that the indicated and inferred resources consist of
the oxide and sulfide zones at cut off grades of 0.20% and 0.30% copper.


SOURCE SUMMARY GETTY NORTH DEPOSIT (a) Cut-Off Grade equals 0.20% Copper ------------------------------------------------------------------------- Total Resource Pounds Resource Resource (millions Grade of Copper Zone Type of tonnes) (% Cu) (millions) ------------------------------------------------------------------------- Oxide Indicated 6.453 0.541 76.98 Inferred 0.429 0.416 3.94 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sulfide Indicated 25.653 0.432 244.36 Inferred 7.821 0.352 60.70 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Total Indicated 32.106 0.454 321.34 ------------------------------------------------------------------------- Total Inferred 8.250 0.355 64.64 ------------------------------------------------------------------------- (b) Cut-Off Grade equals 0.30% Copper ------------------------------------------------------------------------- Total Resource Pounds Resource Resource (millions Grade of Copper Zone Type of tonnes) (% Cu) (millions) ------------------------------------------------------------------------- Oxide Indicated 6.324 0.547 76.28 Inferred 0.281 0.510 3.16 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Sulfide Indicated 24.406 0.440 236.79 Inferred 3.702 0.448 36.57 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Total Indicated 30.730 0.462 313.07 ------------------------------------------------------------------------- Total Inferred 3.983 0.452 39.73 ------------------------------------------------------------------------- The Getty North property is currently 100% owned and controlled by Getty Copper Inc., and is subject to a 1.5% net smelter return royalty in favour of Robak Industries Ltd., a private company owned by John Lepinski, a director of Getty Copper Inc. The Getty North property consists of 26 claims covering an area of approximately 1,600 hectares which are located approximately eight km north of the former Bethlehem mine, in the Highland Valley mining camp. The report recommends that Getty conduct in-fill diamond drilling to further define the resources on sections that lack adequate definition drilling. The report also recommends at least two in-fill diamond drill core holes should be drilled to a depth of 500 meters each to help determine the vertical extent of copper mineralization in the underlying sulfide zone at an estimated all in cost of $200,000 including mobilization, drilling, assaying, geologic supervision and contingencies. Additional exploratory drilling to examine the lateral extent of the copper mineralization to the northwest, southwest and southeast is also recommended. At least 11 diamond drill core holes are also recommended to be drilled to a maximum depth of 500 meters at an estimated cost of $1,100,000. At least $1.5 million will be budgeted for this initial drilling program. The report also recommends additional subsequent development-phase work to evaluate the most cost-effective and efficient procedures for combining open pit mining with mining the deeper copper mineralization using trackless underground methods. Further recommended work includes stripping and bulk sampling the surface oxide zones to establish representative geologic controls, structure orientation and copper grade continuity in an effort to upgrade the resource classifications. The indicated and inferred mineral resources are prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards on Mineral Resources and Mineral Reserves, and the authors of the report are independent Qualified Persons within the meaning of NI 43-101. The date of the report is August 22, 2007. Diamond drilling totaling 46,940 meters in 210 holes and percussion drilling totaling 5,724 meters in 74 holes has been carried out on the Getty North Deposit. In 1997 Getty Copper carried out a $3,000,000 program of drilling and sampling on the property including 64 diamond drill holes totaling 17,445 meters drilled on 16 sections 30 meters apart. Drill cross sections, plan maps, level plans, evaluation maps and assay results were used to conduct the assessment of the Getty North Deposit. The data was utilized to determine the width, length and depth of individual mineralized copper resource blocks within the near-surface oxide mineralized zone and deeper sulfide mineralized zone. It must be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability and as such, additional work would be required to upgrade the resource from the indicated and inferred categories. The Indicated Mineral Resource estimate is based on exploration and testing data gathered from outcrops, pits and drill holes spaced closely enough for geological and grade continuity to be reasonably assumed. The Inferred Mineral Resource estimate is based on geological information and sample assay data obtained by appropriate techniques from outcrops and drill holes. Assays from drilling were used for estimates of tonnes of material and potential grades. The drill core was split in two and assays were carried out on two-meter sections. The assays were compiled into a medsystem database using hole depth, hole location bearing and dip for each of the holes. A three-dimensional system was used showing each drill sample location into models using the above-noted cut-off grades for the oxide and sulfide material. The indicated and inferred resource estimates for the Getty North Deposit are based on estimates of the length, width and down-dip extension of the mineralized zones for each block in the resource model. The strike length of known mineralized structures is in excess of the lengths used for each individual block. The indicated and inferred mineral resources are composed of numerous mineralized blocks projected from drill intercepts and mineral continuity data collected from surface sampling. Configuration and estimates of grades of the resource blocks are based on drill intercept data and on direct observation on the surface. The report will be filed on Sedar, and may be viewed at The independent qualified person who has reviewed this release is Craig L. Parkinson, P.G., a consultant to the company. For a full review of the company's 200 square kilometer Highland Valley property, including the more advanced Getty North porphyry copper-molybdenum Deposit, which has been extensively drilled with over 200 diamond drill holes, please see the company's website ON BEHALF OF THE BOARD OF DIRECTORS --------------------------------------------- Dr. Corby G. Anderson, President and COO Certain statements in this document constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Dr. Corby Anderson, GETTY COPPER INC., 1000
Austin Avenue, Coquitlam, BC, V3K 3P1, Phone: (604) 931-3231, Fax: (604)

Organization Profile

Getty Copper Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890