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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: PDAC

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Feb 28, 2012 04:45PM

This is the best part.

2011 Diamond Drilling Program:
During the fourth fiscal quarter, four diamond drills worked on the Schaft Creek property collecting geotechnical data for the feasibility study and delineating the zone of higher grade mineralization in the Paramount zone. At the end of the 2011 drilling program, two significant aspects of the Schaft Creek project are notable, i) the size of the zone of high grade mineralization in the Paramount zone has not yet been defined and, ii) a new zone of copper mineralization that correlates with a chargeability anomaly approximately 1,200m north of the Paramount zone has been located. To provide an example of the potential size of the Paramount zone, DDH CF415-2011, located 280m north of the previous drilling on the Paramount zone, intersected a 582m interval of mineralization including a 67m interval that averaged 1.10% copper equivalent.


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