CuEq
in response to
by
posted on
Nov 21, 2011 12:37PM
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%)
You look at what Teck says about Schaft Creek on their website:
Schaft Creek (Copper Fox) 1BT @0.46% CuEq*; FS
Now this was before the new holes.....
Look at our 3 cross sections of the Paramount..and thi sis just 1 zone. Will Teck dare let CUU come out with a revised RE while the clock is tocking...I hope so.
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Interpreted-Cross-Section-6360650mN-November-2011.JPG&id=491789
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Interpreted-Cross-Section-6360800mN-Nov2011.jpg&id=491224
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Interpreted-Cross-Section-6361000mN-Nov2011.jpg&id=491223
So we have 0.70%, 0.89%, 0.78%, 0.91%, 0.73%, 1.18%, 0.94%, 0.77% etc.....Pretty far from the 0.46%.
And 13 holes still pending......New zones to be shown, 1 drill still turning......
This is only getting bigger and better.
Add these new rsults to the new economics of the BFS coming:
COMPLETE FEASIBILITY STUDY BY 4TH QUARTER 2011 OBJECTIVE IS TO IMPROVE THE DEPOSIT ECONOMICS: DEFINE A 3 YEAR HIGH-GRADE STARTER PIT, INCREASE THE DAILY MILL CAPACITY, REDUCE THE CAPITAL COSTS AND REDUCE THE PAY-BACK PERIOD