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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: Drilling

Why all the rush?

The late start was due to the need to obtain additional technical information for the pit slope design. This request for information was received at the end of July and at that times drills were not all that available. At the time we had two drills working on exploration. To get this information we had to convert one drill to geotechnical purposed and brought in a second geotechnical drill. To catch up that is why we obtained the fourth drill when it became available to get the proposed exploration holes completed within a reasonable time.

DDH 423 (at collar of HAS16) has an intended target depth of 250-300m depending on the what we see in the hole.

Regards,

Elmer

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