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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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Mar 15, 2012 12:59AM
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Mar 15, 2012 10:08AM

http://www.troymedia.com/blog/2012/03/15/bc-forecast-north-coast-and-nechako-economic-region/

Expectations that emerging market growth, particularly of China, will sustain the voracious appetite for commodities moving forward and keep prices elevated over the long-term, which has contributed to strong gains in exploration spending and a substantial number of metal mines in the permitting and environmental assessment stage. Some of the major proposed mines that have estimated completion dates within the next five-year period include Schaft Creek and Red Chris in Iskut, and Kitsault near Alice Arm. Other major mines in various development stages include the $1 billion Chu Molybdenum Mine near Vanderhoof and Morrison near Granisle.

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