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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: Updated Letter to Shareholders - June 2012

One more quote which mentions "limited drilling" this season ... interesting. I can't figure if Elmer and co. will be drilling this up further in coming years (even though this is my hunch), or someone else will be (as he has mentioned in public numbers of times).

In my mind, I would have wanted 5-6 drills going this year, but then again, I'm not the geologist/strategist here. At any rate, we know there will be limited drilling, and there is likely some rhyme or reason to it.

"Our 2012 exploration program is focused on demonstrating the potential of the Schaft Creek Mineral Trend to host additional porphyry copper-gold-molybdenum-silver deposits. The exploration includes a high resolution airborne magnetometer survey over the balance of the Schaft Creek project, an ASTER imagery study, completion of geochemical studies and limited drilling to test theTitan-24 chargeability anomalies outlined in 2010 and 2011."

http://www.copperfoxmetals.com/i/pdf/2012-Letter-to-Shareholders.pdf

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