Re: AGM
in response to
by
posted on
Jul 19, 2012 03:20PM
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 AZ properties are not a done deal. Elmer and the team are headed there next week to do due diligence before finalizing the purchase."
The Offer is subject to Bell Copper completing the acquisition of the Van Dyke property pursuant to the terms of the purchase and sale and royalty agreement between Bell Resources (Nevada) Corporation, a wholly-owned subsidiary of Bell Copper, and Bennu Properties, LLC, Albert W. Fritz Jr. and Edith Spencer Fritz (collectively, the "Vendors"), including payment by Bell Copper of US$500,000 in cash to the Vendors on closing (see the news release issued by Bell Copper on March 12, 2012). Completion of the purchase is subject to approval of Copper Fox's Board of Directors and completion of legal and technical due diligence to the satisfaction of Copper Fox.