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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: 421 didn't see this one coming
3
Feb 16, 2012 08:50AM
2
Feb 16, 2012 09:27AM

I think if they would have found mineralization in the hole they drilled for the waste area it would have been a bad thing. Elmer has stated in the past that they are confident in their drilling since they have found strong correlations between the surveys and the drill results. If they found something where they were not expecting it this would be bad. On the flip side they did find something in the new holes where they thought there would be something, and although the grades are not earth shaking, this does bode well for arguing that this is a mining district for generations (extra $$ on top of the existing deposit). Just my 2 cents.

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