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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Teck Budget etc
10
Oct 24, 2011 02:48PM

Webgogs: ".....One thing we have to ask ourselves is why didn't they drill Mess Creek. Not even 1 hole! Stubbing your toe on 5 grams of gold should have earned 1 drill hole. Perhaps in the scattering of the holes we may just see one hole from there confirming my coppery Red Chris theory. With the data from Paget I have more reason to think this is correct."

I am not all that curious about why Mess Creek is not being drilled. The 5.8 gpt grab sample is enticing but Mess Creek seems to be off the radar this year. Period. It was not included in the Aerial Mags nor any Titan work. There is no geosurvey work beyond the grab sample to guide any drilling.

Mess Creek is the one definite area that is not subject to the Teck Agreement. Because of this, Elmer did not invest money into usefull surveys that Teck will not credit CUU for at Earn-in. Even the 2011 Titan was kept pretty close to the main SC deposit.

Elmer is spending our money to the maximum strategic benefit - both in terms of the Agreement and the model of the resources in his head.

jmho

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