Even CUU doesn't know how big this...they can find the end of it, hiting 0.96% on geotech holes......
It will give them something to show the whistler boys...
And we relly did just touch 2%, even less now
''Less than 1,500 acres of the 50,000 acre Schaft Creek property has been explored using modern exploration techniques''
And only 25% of the depth:
''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''
As for Teck , this wil not get unnoticed...and we are 1 month or less from feasibility.
Teck already has us on their radar...they have us at 1 billion tonnes 0.46%....they should add another 0.50% to that..
See page 11 of Nov 8th Teck presentation (exploration)
http://www.teck.com/Generic.aspx?PAGE=Teck+Site%2fInvestors+Pages%2fPresentations+and+Webcasts&portalName=tc
Schaft Creek (Copper Fox) 1BT @0.46% CuEq*; FS
''But, what ultimately can’t be missed in this story is the price paid by Teck to acquire their position. Last May when the ball began to roll on the Eagle Plains/Providence JV, Providence stock was languishing at a $0.10 level. By the first week of December, when drilling updates started to pop up through favourable press releases, the stock surged to $2.70 from the $0.37 level it was at to end November. Thus the implication given by Teck’s payment of $4 for a $2 stock proves that Teck has seen enough data to warrant the confidence us outsiders only could previously speculate up to this point.''