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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 calls for 2 further exploration phases

I'm sure there will be lots of commentary forthcoming. Here's a nice quote below with TetraTech's opinion of two phases of drilling that ought to happen. No surprise here - let's get the BFS finished up first, and then keep drilling out the rest (us or whomever). I like going out west of the West Breccia Zone (in addition to all the other zones and targets).

Emphasis below mine.

page 6 (p. 23 of the PDF)

Furthermore, it is Tetra Tech’s opinion that additional exploration expenditures are

warranted, and two separate exploration programs are proposed. Phase I is

designed to identify and delineate new mineralized zones and chargeability

anomalies identified from the Quantec Titan and High Resolution Magnetic surveys,

and to infill drill part of the northern portion of the Paramount Zone to upgrade the

resource category from inferred to indicated. Pending positive results of Phase I,

Phase II is designed to further explore the GK, ES and Mike chargeability anomalies,

and the area of mineralization west of the West Breccia Zone, situated outside of the

current mineral resource estimate.

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