Don't look back, look forward
posted on
Mar 20, 2012 03:53PM
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%)
Take a look at the avergae grades out there (Teck and others)...It is said that mine grades are only going lower.
Teck has us at 0.46%....
Looking at these numbers below (2011 drilling) ...it's easy to understand why they want to update the RE, and we can already know we won't be disappointed this time. Not only are the grades double and triple, the size expanded in all directions...
When the new RE comes out and we shoot up 1$..that's still 100% from today in 4-7 weeks...
Diamond Drill Hole ("DDH") DDHCF418B-2011 intersected 0.30% copper, 0.06g/t gold, 0.038% molybdenum and 1.57g/t silver (0.56% CuEq) over a 324m core interval starting at a core length of 255.6m
Diamond drill hole (DDH) CF419-2011 located in the Liard zone intersected 0.46% copper, 0.41g/t gold, 0.043% molybdenum and 2.15g/t silver (0.96% copper equivalent) over an interval of 110.8m starting at a core length of 10.2m,
DDH CF419-2011 also intersected 0.55% copper, 0.20g/t gold, 0.013% molybdenum and 1.88g/t silver (0.76% copper equivalent) over an interval of 136.7m starting at a core length of 121.0m,
Diamond drill hole (DDH) CF415-2011 located 284 metres (m) north and 81m east of DDH CF409-2011, intersected 0.49% copper, 0.55g/t gold, 0.04% molybdenum and 8.79g/t silver (1.10% copper equivalent) over an interval of 65.53m starting at a core length of 99.00m
DDH CF413-2011 located 119m north and 86m west of DDH CF411-2011, intersected 0.34% copper, 0.21g/t gold, 0.03% molybdenum and 2.25g/t silver (0.65% copper equivalent) over an interval of 130.65m starting at a core length of 161.00m
Diamond drill hole (DDH) CF411-2011 located 140 metres (m) north of DDH CF410B-2011, intersected 0.49% copper, 0.30 g/t gold, 0.04% molybdenum and 2.43 g/t silver (0.91% copper equivalent (CuEq)) over an interval of 387.8m starting at a core length of 287.0m.
The 387.8m interval in DDH CF411-2011 is included in a 590.4m interval that averaged 0.39% copper, 0.25 g/t gold, 0.031% molybdenum and 2.06 g/t silver (0.73% CuEq). This drill hole stopped in 0.72% CuEq mineralization at a vertical depth of 615m below surface
DDH CF412B-2011 located 50m south and 75m east of DDH CF402-2010, intersected 0.48% copper, 0.27 g/t gold, 0.038% molybdenum and 3.61 g/t silver (0.89% CuEq) over an interval of 145.2m starting at a core length of 106.58m
The 145.2m interval in DDH CF412B-2011 is included in a 529.5m interval that averaged 0.38% copper, 0.28 g/t gold, 0.023% molybdenum and 2.30 g/t silver (0.70% CuEq) over a core interval of 529.5m from 106.58m to the end of the hole.
Diamond drill hole (DDH) CF410B-2011 located 104 metres (m) east of DDH CF407-2011, intersected 0.30% copper, 0.10 g/t gold, 0.02% molybdenum and 1.23 g/t silver (0.52% copper equivalent) over an interval of 250.75m starting
DDH CF410B-2011 intersected a second interval of mineralization that averaged 0.51% copper, 0.18 g/t gold, 0.026% molybdenum and 1.42 g/t silver (0.78% copper equivalent) over a core interval of 24.68m from a down hole depth of 544.60m to a depth of 569.28m
Diamond drill hole (DDH) CF409-2011 located 147 metres (m) east of DDH CF402-2010 (see News Release dated February 3, 2011), intersected 0.43% copper, 0.27 g/t gold, 0.04% molybdenum and 1.70 g/t silver (0.81% copper equivalent) over an interval of 154.30m starting at a core length of 319.13m.
DDH CF408-2011 is located at the collar of DDHCF407B-2011 and was drilled to the west and intersected 0.42% copper, 0.07 g/t gold, 0.05% molybdenum and 2.45 g/t silver (0.74% copper equivalent) over a core interval of 76.98m from 114.78m to a depth of 191.76m
Diamond drill hole (DDH) CF407-2011 located 140 metres (m) east of DDH CF399-2010, intersected 0.65% copper, 0.53 g/t gold, 0.034% molybdenum and 3.80 g/t silver (1.18% copper equivalent) over an interval of 160.36m starting at a core length of 264.2m.
DDH CF407-2011 intersected 0.40% copper, 0.24 g/t gold, 0.025% molybdenum and 1.98 g/t silver (0.69% copper equivalent) over a core interval of 519.2m from 5.3m to a depth of 524.47m
The higher grade mineralization intersected in DDH CF405 has significantly extended the mineralization intersected in DDH CF398, by 175m to the east, and 100m below the mineralized intersection reported in DDH CF398. The zone is open at depth, to the north and to the east. DDHCF405 intersected 0.473% copper, 0.344 g/t gold, 0.023% molybdenum and 2.22 g/t silver (0.82% copper equivalent) from 164.0m to the bottom of the hole at 648.31m a core interval of 484.31m
DDH CF406 is located 250m south and 137m east of DDH CF399. Drilling was suspended in low-grade mineralization similar to that intersected in the upper 164m of DDH CF405. DDH CF406 intersected 0.54% copper, 0.10g/t gold, 0.023% molybdenum and 1.54g/t silver (0.73% copper equivalent) over 15.4m from 126.6m to 142.5m. The hole is cased and will be completed when drilling resumes in 2011
The deeper portion of the higher grade mineralization located to the east and at depth below pre-2010 drill holes averages 0.447% copper, 0.327 g/t gold, 0.029% molybdenum and 2.51 g/t silver (0.81% copper equivalent)
The high grade mineralization intersected in DDH CF402 has significantly extended the high grade mineralization intersected in DDH CF398, a distance of 154m north and 175m to the east. The mineralization in this hole is open at depth, to the north and to the east. This hole intersected 0.31% copper, 0.324 g/t gold and 0.033% molybdenum and 2.27 g/t silver (0.70% copper equivalent) from 4.57m at surface to 581.25m a core interval of 576.68m
- DDH CF403 is located 152m south and 78m west of DDH CF 399. This hole intersected 0.46% copper, 0.29g/t gold, 0.02% molybdenum and 3.31 g/t silver (0.76% copper equivalent) from 38.42m to 89.00m a core interval of 50.58m,
- DDH CF399 intersected 0.39% copper, 0.10 g/t gold and 0.05% molybdenum and 2.09 g/t silver (0.67% copper equivalent) from 9.14m to 517.24m a core interval of 508.1m,
- DDH CF399 includes a higher grade interval of 0.45% copper, 0.33 g/t gold and 0.06% molybdenum and 3.01 g/t silver (0.94% copper equivalent) from 462.7m to 517.24m, a core interval of 54.5m at the bottom of the hole,
- DDH CF401 intersected 0.43% copper, 0.25g/t gold, 0.04% molybdenum and 2.40 g/t silver (0.75% copper equivalent) from 5.66m to 495.9m a core interval of 489.5m,
- DDH CF401 includes a higher grade interval of 0.66% copper, 0.50g/t gold, 0.04% molybdenum, 3.10 g/t silver (1.17% copper equivalent) from 345.4m to 429.2m, a core interval of 83.8m at the bottom of the hole, and
Diamond drill hole (DDH) CF398 has intersected 0.70% copper, 0.42 g/t gold, 2.80 g/t silver and 0.04% molybdenum (1.13% copper equivalent) over an interval of 54.3 metres (m) of copper mineralization starting at 7.1 m below surface confirming the potential to outline a higher-grade "starter pit
DDH CF398 intersected a higher grade of mineralization that assayed 0.47% copper, 0.37g/t gold, 3.00 g/t silver and 0.02% molybdenum (0.78% copper equivalent) over a 213.7 m interval from 325 m to the bottom of the hole at a depth of 538.7 m.