Re: Not drilling for Teck.
in response to
by
posted on
Sep 10, 2012 01:26PM
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%)
As far as I know, CUU hasn't advised anything about drilling. They said they are considering it. That NR sounded more like a heads up, we're ready warning to Teck.
Phase 1 of the 2012 exploration program including diamond drilling has been completed. Additional drilling may be undertaken in September
Mr. Stewart, President of Copper Fox stated, "Although to date the drilling was limited in extent, it achieved the first Phase of the objectives of the 2012 exploration program. A Phase 11 program is currently being considered.
Results of the interpretation of the airborne and Titan-24 surveys over the Schaft Creek project by Mira Geosciences are expected shortly
The results of the feasibility study for the Schaft Creek project are expected to be delivered in September 2012. The optimized mine plan has been completed. The majority of the sections of the feasibility study have been drafted and reviewed.