WHY??
posted on
Nov 08, 2011 11:06AM
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%)
I just noticed the "Canada Newswire" news for Oct 17, 2011 has more details not found on the official CUU website version.
http://www.newswire.ca/en/story/859815/ip-survey-significantly-expands-potential-and-locates-new-zone-at-schaft-creek
Mr. Elmer Stewart, President of Copper Fox stated "The results of the Titan-24 survey and the 3D modeling double the potential strike length of the Paramount zone and located four other chargeability targets. These chargeability anomalies, the favorable geology, two zones of mineralization in outcrop, the alteration exposed in outcrop and copper occurrences over a six kilometer strike length support the concept of an emerging porphyry district. These targets considerably upgrade the potential to locate another porphyry style copper-gold-molybdenum-silver deposit within the boundaries of the Schaft Creek project. Subject to weather conditions, the testing of one or more of these anomalies is expected to be completed before the end of the 2011 field program".
Mike Zone:
This zone of high chargeability anomaly that is approximately 1,000m long by 500m wide and appears to be a separate anomaly that defines the northeast portion of the interpreted circular feature noted above. It appears that this feature is cut by several north-south oriented faults that exhibit a good correlation with the 20km long, linear positive magnetic feature defined by the airborne magnetic survey completed in early 2011. This chargeability target appears to be truncated by a strong northwest trending interpreted fault.
ES Zone:
Two moderate chargeability anomalies have been located on this zone. The first anomaly (with associated moderate-strong resistivity) measures 600m long by 400m wide and correlates with the southern end of mineralized zone outlined on surface. It appears that the extension of this anomaly was located on L4800N and extends to the north as an open anomaly. The 300m long area between these two zones of moderate chargeability in the first anomaly is characterized by low chargeability possibly due to an interpreted northwest trending fault zone. The second anomaly (with associated moderate-strong resistivity) is located 500m to the west of the mineralized zone measures approximately 1,600m long and 500m wide and is interpreted to be the extension of the chargeability anomaly defined on the Paramount zone.