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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: Geological explanation?

Ya sure,

In the transport trap theory we look at how the mineralization occured. Often in sea water hydro events the minerals come from a much deeper layer and percolate to the surface. This can also occur from meteor water collections in a drain point. Over a longer term it's possible for leaching to collect in a drain point and for the minerals that way. It can be hard to determin which event formed the minerals. Quesnel has many leached formations that result in deposits.

The first layer could indicate a lighter layer (but possibly the edge of a halo) formed by pooled water expressed laterally through the rock. The sourounding area would be depleted as the water pushed upward through folding events. We prefer a large root zone below of course.

The second layer suggest a greater hydro event because of the increased gold. Because the findings are in andesite it suggests to me that we may have a second mineralization event but I would want to know the ages. In previous discussion concerning the area where this hole is located I got the impression the formations definately had two distinct periods but only 1 is of importance. Given the presence of a large anomaly the fact that we have 2 events is even better. Not much was expected from the first but looking at the numbers suggests there may be a much larger lower grade surface which will reduce strip costs and then we get a high grade source for mining under it.

Last, there is a relationship between the moly and the other metals that indicates the potential for a large halo or blister of prescious metals and strong concentrations of copper!

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