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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: News Release - Looks Great - As Expected

Drill results encouraging. Getting around 0.4% or more copper starting at 100-150m and averaging that for a good ways down.

Too bad, a number of the unreported holes were terminated shallow. Looks like 413, 415, 417, 418B, and maybe 420 & 425 will be the deep ones. The others at 200-400m should still show some nice numbers hopefully.

Really looking forward to the 'exploration' holes - 414 (192m), 416 (331m), 417(700m!), 421 (327m) and 422 (318m) - would be a great Christmas present to have a nice surprise in those.

At airport now, don't have much time to digest it, but looks promising.

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Nov 16, 2011 04:29PM
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