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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: Flashback 2004
1
Dec 19, 2011 11:39PM

According to this, in 2004 the size of the Schaft Creek property was a little more than 7000 hectares. Today the Schaft Creek project is 21,025 hectares, not including any of the new properties.

True...but we've still only begun to scratch the surface...

Schaft Creek - A New Perspective:

The recent discovery of high-grade copper-gold mineralization at depth below the Red Chris porphyry deposit located in northwest British Columbia has changed the thinking related to the possibility of finding deep higher grade mineralization below what typically was thought to be moderate to low grade porphyry deposits.

The depth of the pre-2010 drilling at Schaft Creek averaged 226m, a very shallow depth in terms of porphyry deposits. The work completed in 2010 clearly shows a large zone of higher grade mineralization at depth which could have significant depth extent, possibly in excess of 800m at the north end of the Schaft Creek deposit.

The majority of the resources defined to date at Schaft Creek are in what was formerly referred to as the Liard Zone. The 2010 geophysical program and the pre 2010 drilling results strongly suggest this zone occurs on the flank of the deposit and the former Paramount Zone, at the north end of the deposit is the core of the porphyry system, where deep and higher grade mineralization would be expected to occur. So far, the 2010 drilling completed in the Paramount Zone supports this interpretation.

Less than 1,500 acres of the 50,000 acre Schaft Creek property has been explored using modern exploration techniques.

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