Re: RE due the end of May
in response to
by
posted on
May 22, 2012 09:51PM
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%)
The news release has an error in item e) which should read outlined in item c)
2012 Exploration Program Highlights:
a) A Total Field airborne magnetic survey (approximately 2,500 line kms) to extend the limits of the 2011 survey to the north and south and a spectral imagery survey,
b) Titan-24 DCIP & MT surveys are planned to survey the area between the ES zone and the GK zone to follow-up the positive results obtained in 2011,
c) Diamond drilling of three (Mike, ES and GK zones) untested Titan-24 chargeability anomalies outlined in 2011,
d) Diamond drilling to follow-up the copper-gold-molybdenum-silver mineralization intersected in diamond drill hole 2011CF422 (the Discovery zone) located approximately 1,200m north of the Schaft Creek deposit, and
e) Diamond drilling will be conducted in two phases, phase one consists of 5,000m of drilling to test the targets outlined in item d) above. Phase two will consist of at least 5,000m to follow-up zones of mineralization intersected during phase one drilling.