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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: Copper Fox hits a gold system
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I 100 % agree with you Webgogs....I now think that Teck has not offered CUU a price....the reason is in the NR for today

  • Diamond drill hole (DDH) CF427-2012 intersected 0.625% copper, 0.59 g/t gold, 2.02 g/t silver and 0.006% molybdenum (1.01% copper equivalent) over a core length of 47 m starting at a core interval of 509.00 m;
  • Diamond drill hole (DDH) CF427-2012 intersected 0.24% copper, 0.14g/t gold, 0.006% molybdenum and 0.58g/t silver (0.36% copper equivalent) over an interval of 336.72m m starting at a core interval of 428.12;
  • Diamond drill hole (DDH) CF426-2012 intersected 0.16% copper, 0.04g/t gold, 0.003% molybdenum and 0.81g/t silver (0.21% copper equivalent) over an interval of 689.11m starting at a core length of 76.55m;
  • Phase 1 of the 2012 exploration program including diamond drilling has been completed. Additional drilling may be undertaken in September; and
  • Results of the interpretation of the airborne and Titan-24 surveys over the Schaft Creek project by Mira Geosciences are expected shortly.

I think that Teck may want to sharpen there pencil and give a good offer or Elemer will order the drills to plug in more holes and porve up what CUU owns just for themselve...Its going to get very interesting now.

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