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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: For Monday
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Apr 27, 2012 04:07PM

Apr 27, 2012 04:09PM
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Apr 27, 2012 06:23PM
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Apr 27, 2012 06:33PM

I forgot something...

The one or two or more drills in Laird (Main) zone is not going to make much of a difference considering the huge number of drills in that zone. The 2011 depths are a new to to this zone but still probably not enough to turn the tonnage and grade around on such a big pile of rock.

Paramount is a different story. With most of the 2011 drilling in this zone, and drilling deep, there should be enough new information to add tonnage and to improve the grade and CUU comes right out and says this.

You see it in the excerpt from the last NR. The impact on grade and size from the update is discussed for Paramount but not for Laird.

"Resource Estimate

Preparation of an updated Resource Estimate for the Paramount and Liard zones is currently underway. The Resource Estimate is being performed by Tetra Tech Wardrop (Tetra Tech) and will include all assay results for the diamond drill holes completed in the Paramount and Liard zones at Schaft Creek during the 2011 program. The updated Resource Estimate will be included in the Feasibility Study. The 2011 assay results are expected to have a positive impact on the average grade and size of the Paramount zone. Additionally Copper Fox has asked Tetra Tech to review the data related to the silver content of the mineralization in both zones for inclusion in the updated Resource Estimate."

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Apr 27, 2012 07:09PM
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