Re: News is Out . ... More Land Purchased .
in response to
by
posted on
Mar 27, 2012 10:22AM
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%)
From NR (my underline): "...Mr. Stewart stated "the purpose for the acquisition of these mineral claims is to provide additional coverage of the interpreted extension of the Schaft Creek mineral trend and its associated positive magnetic feature. The second group of claims expands the Company's acreage in this important mining district and road access".
Highlights:
a) | Group one - (Marko/Mott) Approximately 4,741 hectares (24 mineral tenures) contiguous to the north and south of the Schaft Creek project have been acquired. These mineral tenures cover the extension of the positive magnetic lineament outlined in 2011 that show a strong correlation to the Schaft Creek deposit and two other zones of copper-gold-molybdenum-silver mineralization exposed on surface. These mineral tenures are subject to the Option Agreement with Teck Resources Limited ("Teck"), and |
b) | Group two - (Ruzo) Approximately 700 hectares (2 mineral tenures) in the Mess Creek area. These mineral tenures are not subject to the Option Agreement with Teck. |
Rationale for the Mineral Tenure Acquisitions:
To view the location of the interpreted Schaft Creek Mineral Trend, visit the Copper Fox website at www.copperfoxmetalsinc.com.
The Marko/Mott mineral claims are located along strike of the interpreted Schaft Creek Mineral Trend and the positive magnetic lineament located by the high resolution airborne magnetic survey completed by Copper Fox earlier in 2011. The historical exploration data on both groups of land packages shows the presence of elevated concentrations of copper both in soil and in rock samples. The work completed by Copper Fox in 2011 suggests that the positive magnetic feature may represent the main structure that controls the location of the mineralization within the Schaft Creek project."
The funny thing is... None of this March 2011 property is within the 2011 Aerial Magnetic "Area of Exploration Interest" ! The AEI is the irregular diamond shape shown in the image below in white outline. White shaded areas are not owned by CUU.
I have shown the property near Bob Quinn where Galore plans to have a concentrate transefer station. You can see Galore and Copper Canyon deposits in the lower left corner.
Red outline - pre Sept 2011 claims
Pink - Sept 2011 claims acquisition
Orange - March 2012 acquisitin
White line - Area of Exploration Interest from 2011 Aerial Magnetics.
bigger: http://www.flickr.com/photos/60356448@N04/7020907283/in/photostream/lightbox/