Re: Buyout / Webgogs - Vette, General Ledger /Pat66
posted on
Jun 05, 2012 05:15PM
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%)
BXX and CUU are doing a pincer manouver across the top valley where Elmer walked last year. (I assume he did that because we discussed that in detail). I have reason to believe there is continuous mineralization all along there. 2 years ago I came across a hires map and could see skarns. That map is now gone. Another fellow who has hiked the area extensively also said there was mineralization from the park all the way to Paget. We have seen photos of the area. Combining all the intell leads me to be 80% sure of the potential. We really really need a hole or two in the Mess area but Elmer is saving that for the big push.
Also, Elmer didn't find the end of SC because it's better to leave it open than say "it neds here". We should be getting a whole bunch more of that. It will drive some nuts but that is the strategy. The district map is also part of the plan to entice another big player. Elmer alluded to that before quickly cutting himself off. That's a no brainer and it should be Newmont. I'm waiting to hear about them to see if that's who's coming late in the game.