davidson deposit

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					davidson deposit
The Davidson Deposit is a large, high-grade underground
molybdenum deposit situated in the heart of Hudson Bay Mountain                                                                       Davidson Deposit

six miles from Smithers, British Columbia. A consultant’s study                                                                                    Smithers
on the deposit examined the feasibility of mining 2,200 tons of                                                                                                   george
high-grade ore per day and shipping it for processing to the                                                               rupert

Corporation’s Endako facility 125 miles to the southeast.                                                                                              British

                                                                                                                             50 mi

                                                                                                                         The deposit is
                                                                                                                         estimated to have
                                                                                                                         117 million pounds
Geologist examining Davidson core samples                                                                                of contained
The Corporation filed an environmental application with the                                                              molybdenum.
Province of British Columbia in September 2008. The Corporation
will be in a position to proceed with the project upon receipt of an
                                                        4,910E        4,940E            4,970E
Environmental Assessment Certificate and permits. However, due
                                 5,180N # 169      # 170
                                                             39.6m@                          27.4m@
to deteriorating molybdenum market conditions, the Corporation
                                     0.47% MoS     0.55% MoS           2                                2

decided in November 2008 to postpone development of the
                                       # 168 #142
deposit until conditions improve.                                            27.0m@
                                                                             0.33% MoS2
                                                                                                 0.46% MoS2
The higher-grade zone is estimated to have a measured and
                                                   5,120N   # 166                                           # 167
                                          tonnes grading 0.234%
indicated mineral resource of 23 million39.6m@   #143      27.4m@
                                                             0.37% MoS2                                     0.41% MoS2
Mo at a cut-off grade of 0.18% Mo. On this basis, 36.5m@ deposit is
                                                                                       0.37% MoS2
estimated to have 117 million pounds of contained molybdenum.

                                                                               # 165
The mineral resource was estimated by Gary Giroux, P.Eng., who is
                                                                               0.46% MoS2
a qualified person in accordance with National Instrument 43-101.

Elevation (feet above sea level)


 Hudson Bay Mountain

  Davidson                                  1066 Adit
  Deposit                                                                  Existing Portal                    4,000ft

                                               Proposed 700 Adit

                                                                                          Mine Site & Loadout
        Schematic Section looking
        North (not to scale)

                                                                                                                         View of Hudson Bay Mountain

                                    Annual Report to Shareholders 2008                           19           Thompson Creek Metals Company Inc.