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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: 2012 plans
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Great post Chunkytoast. In so many ways I completely agree with you. The only reason that I would want a drill plan and to start some drilling is for the additional pressure it would put on TCK to buy us out quickly and for a price that incorporates as much of the mineral potential as we can muster. Every new target that Elmer can show good evidence of mineralization should add significant value.

I'm not terribly interested in watching us go another year. But I am quite interested in getting the best value for Schaft and its properties. A couple of drills working on the area around DDH 422 (which seems to be where Elmer is most interested) should give us some good evidence of an additional zone or deposit. I dont' think we will need to get each target to a 43-101 level RE.

If things are timed right and quickly, we could have a couple of assays completed around the time that the BFS drops July-August. I trust Elmer to evaluate what are the best targets to drill for the cost and dilution that drilling brings.

It is interesting (and seems telling) that the other zones (Mike, ES, GK) and exploration targets from the Aerial Mags were not mentioned at all in the MD&A while the area of 422 is quite prominent. Elmer could be indicating that he will take a stab at the 422 area this year and not the others.

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