Re: RE due the end of May
posted on
May 22, 2012 03:17PM
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%)
Just a general question. Aside from our phone/email conversations with management, is there any evidence in any recent NR's/etc. that the RE is expected to be released to the public for the end of May?
Dec 12th 2011:
The Company intends to complete a revised resource estimate for the Schaft Creek deposit which will incorporate all of the favorable results reported during the 2011 drilling campaign extending the mineralization and reporting significantly higher grades than those currently reported for the Paramount Zone, this report is anticipated by Q2 2012,
Additionally the Company has commissioned Tetra Tech to prepare an update to the July 26, 2011 Resource Estimate prepared by AMEC which will include all of the drilling results reported in the Paramount Zone as a result of the Schaft Creek 2011 drilling campaign
Feb 3rd:
Upon receipt of the assay results from the remaining seven diamond drill holes of the 2011 program, expected shortly, the Company will initiate the preparation of an updated "Resource Estimate" to include the results of the 2011 program. The metallurgical test work results for the Paramount zone are very encouraging, showing a high percentage recovery for the various metals including silver."
March 19th:
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 Paramount zone. Additionally Copper Fox has asked Tetra Tech to review the data related to the silver content of the mineralization for possible inclusion in the resource estimate