askot, page-4

Why would management mention Askot in the Annual Report when its a dead dog. Maybe they didn't bother to check the details and just did a copy and paste.

Its the same blurb as before ie. exactly the same in the 2012 Annual Report. Might have been smarter to check that Pebble Creek Mining was already bankrupt more than 2 years ago.

Askot (BaseMetals)
IRL holds a strategic 9.9% shareholding in
Pebble Creek Mining Limited (TSX-V: PEB),
which owns 100% of the Askot Project
through a subsidiary Adi Gold Mining Pvt
Ltd. The Askot project lies on an approved
Mining Lease in Uttarakhand State and is
waiting for final clearance from the central
Ministry for Environment and Forests,
clearing the way for grant of the Mining
Lease. The Askot project is a polymetallic
volcanogenic massive sulphide deposit
containing five metals of economic
significance: gold, silver, copper, lead and
zinc. The full extent of the mineralised
system has not been defined and there is
further anomalism over a wide area. The
lens discovered to date has been defined
for 800m and is open to the north and
down dip.
PEB announced in the 2010-2011 year a
37% increase in Resources. The Askot
Project now has a (N43-101 and JORC
compatible) Resource2 of 3.06 million
tonnes at 1.91% Cu, 4.7% Zn, 3.5% Pb, 0.35
g/t Au and 37.71 g/t Ag at a net smelter
revenue cut off of $US100 per tonne
(average $US250 per tonne).