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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: Heads up.
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Aug 21, 2012 03:15PM
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Aug 21, 2012 04:19PM

Chappy, spoke with Lynn in the office. The closure of the camp is related to the scheduled drilling program is now complete, winterizing the camp, etc as they do each year.

More important here, is CUU always drills until it starts to snow.

They could have drilled 1-2 holes in the Mike zone, ES zone, GK zone, more in the Discovery zone. Or drilling in the new zones the ASTER is showing and or magnetics and Titan discovered (that we haven't even seen yet)

Drill these zones, add potential value if Teck takes 120 days from Feasibility release..

BUT

That's not what they're doing. They stopped. They don't feel the need to do all that and add expenditures....(easy guess as to why..)

And feasibility is around the corner and Teck has an impoortant decision to make very soon.

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