The Red Bird Property hosts an NI 43-101 Metal Content Of 151.6 Million Tonnes Including 88.2 Million Tonnes Indicated
Red Bird also hosts Copper and Rhenium. Rhenium is one of the most expensive metals in the world with limited supply.
Exploratory work to date has shown that the Red Bird deposit is comprised of three zones of molybdenum concentration referred to as the Main, Southeast and Southwest zones within a property totaling 1,836 ha (4400 acres) and is located 133 km southwest of Burns Lake and 105 km north of Bella Coola. The Red Bird mineral claims are bordered by the boundary of Tweedsmuir Park to the east and north. This park is a designated protected area that excludes all industrial activities including mineral exploration and development. The entire claim area is open to mineral exploration and development. In the Haven Lake area, the park boundary corresponds to the drainage divide between the coast and interior watersheds. This drainage divide is also the boundary between the Omenica and Skeena Mining Divisions. Access to the property is via float plane in June-October and by helicopter in winter. Float plane access is available from Nimpo Lake and Bella Coola located south of the property and from Burns Lake or Houston northeast of the property. The property is open to the southwest and lies 45 kilometers from tidewater.
The property also hosts rhenium which is in high demand. The number of rhenium producers has fallen significantly over the past decade, to the point where just three companies now supply almost all of current world demand.
Rhenium's supply-demand balance is currently very tight: world demand of some 41 tons per year is met by primary production of 35.5-37 tons per year, with the balance derived largely from recycled material. Demand is unlikely to fall in the coming years, most probably continue to rise.
Nickel-based superalloys of rhenium are used in the combustion chambers, turbine blades, and exhaust nozzles of jet engines. These alloys contain up to 6% rhenium, making jet engine construction the largest single use for the element, with the chemical industry's catalytic uses being next-most important. Because of the low availability relative to demand, rhenium is among the most expensive of metals, with an average price of approximately US$4,575 per kilogram (US$142.30 per troy ounce) as of August 2011; it is also of critical strategic military importance, for its use in high performance military jet and rocket engines (Wiki).
Red Bird Technical Report