Question-and-Answer Session
Operator
(Operator Instructions). Our first question comes from Anthony Sorrentino – Sorrentino Metals.
Anthony Sorrentino – Sorrentino Metals
You had said that exploration spending will now total about $9 million or $10 million this year I believe, and how would that break down by property?
Phil Baker
Dean, I guess I'll let you answer that question, but I can tell you that the Mexican property, San Juan Silver, the two of those will probably have about $1 million, maybe $1.2 million, $1.3 million split pretty equally between the two, and I don't remember the breakdowns on the other two.
Dean McDonald
Anthony, at Greens Creek, we anticipate spending $3.4 million; at Lucky Friday, $1.35 million and at the Silver Valley, $920,000. That's in addition to the San Juan and Mexico that Phil mentioned.
Anthony Sorrentino – Sorrentino Metals
And what would you expect capital expenditures to be for all of 2009?
Phil Baker
Order of magnitude of about $34 million, maybe $36 million. You'll see it go up in the third quarter, which is as you would have seen on the slide Ron had and it's just the nature of the surface work that we're having to do on these two tailings facilities.
Operator
Our next question comes from Steven Butler – Canaccord Adams.
Steven Butler – Canaccord Adams
Question for you Dean on Lucky Friday, can you just remind us, or me at least, what's the limit of your reserves in terms of depth, level of depth at Lucky Friday and your resources level of depth? Thanks.
Ron Clayton
This is Ron Clayton. The reserves actually go down to just a little below 6,200, and then there's also a block that's above 5,800 that goes as high as 5,300, so we're mining up and down from 5,900. And then the resource goes down to about 7,900.
Steven Butler – Canaccord Adams
So resources already, I guess guys, calculated inclusive of some of these sects, your higher grade results at depth, correct?
Ron Clayton
Yes. Although the grades are increasing dramatically with the drilling that's been done in the last year.
Steven Butler – Canaccord Adams
Okay, so will in-field drilling then perhaps be potentially moving your grade higher on your block models and resource models?
Ron Clayton
Not potentially – it will.
Steven Butler – Canaccord Adams
Okay, okay.
Ron Clayton
And I also expect the tonnage to go up a little bit but the tonnage changes are not going to be near as dramatic as the grade changes.
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