Sombrero and Van Dyke
posted on
Sep 10, 2012 10:26PM
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%)
This is a plus. Whether they spin it or not ( I thin k they will) , it's just more value to the company.
See it this way, a big copper company buying CUU would love to have Sombrero and Van Dyke for 1/2 of 1% of the company.
They bought them for 2 million, and seems that CUU'S dd was all good.
Look at what we're getting, look below at all those surface high grade results from Sombrero, geez they' re hitting over 3% copper starting at 0m from surface.....
Van Dyke:
The Van Dyke project contains 1100 acres of patented ground and was developed in the early 1900s when a shaft was sunk to a depth of 1692 feet. The mine produced 11.8 million pounds of copper between 1929 and 1945 from azurite, malachite, chrysocolla and tenorite ores grading just over 5.0 % Cu per ton. Between 1968 and 1980 Occidental Minerals drilled seventy exploration holes (sixty-two of which encountered measureable copper mineralization) on the Property. Forty-six of these holes were used to estimate a non-NI43-101 compliant, historical resource of 112,000,000 tons at a grade of 0.52% copper
SOMBRERO:
Nov 2006 Highlights:
Hole 2: 48 meters of 1.06% Cu including 10 meters of 2.04%
Dec 2006:
Hole 5 : From 18m to 40m: 22m of 4.74% Cu
Feb 2007:
Hole 6: 12m 1.34% Cu
Hole 7: From 38m to 47.56m : 9.56m of 5.57% Cu
Hole 8: From 44m to 48m: 4m of 5.62% Cu
March 2007:
Hole 12: From 12m to 26m: 14 meters of 2.90% Cu
Hole 14: From 20m to 86m : 66m of 1.45% Cu (including 12m of 2.33% Cu)
Hole 15: From 16m to 36m: 20m of 3.07% Cu
Hole 16: From 0m to 14m: 14m 1.71% Cu, From 22m to 46m : 24m 2.21% Cu
Hole 17: From 0m to 8m: 8m of 3.23% Cu
Hole 18: From 0m to 12m: 12m of 2.32% Cu, From 22m to 38m : 16m of 1.95% Cu
Hole 19: From 20m to 42m: 22m of 2.97% Cu
Including 4m of 5.91% Cu and 4m of 4.76% Cu
Hole 20: From 4m to 16m : 12m of 2.50% Cu, Including 4m of 4.03% From 8m to 12m.
Then Hole 23- 34
BRECCIA TARGET |
DRILLHOLE |
DIP |
FROM |
TO |
METERS |
% CU |
Magna | SB-23 | 90 | 282 | 354 | 72 | 0.88% |
Magna | SB-23 | 90 | 458 | 484 | 26 | 2.03% |
Victor’s | SB-24 | 80 | 0 | 20 | 20 | 1.27% |
Victor’s | SB-25 | 90 | 0 | 12 | 12 | 2.05% |
Victor’s | SB-26 | 85 | 0 | 12 | 12 | 2.25% |
Victor’s | SB-27 | 75 | 14 | 30 | 16 | 1.22% |
Victor’s | SB-28 | 90 | 14 | 20 | 6 | 1.36% |
Victor’s | SB-29 | 75 | 4 | 70 | 66 | 0.61% |
Victor’s | SB-30 | 82 | 10 | 40 | 30 | 0.86% |
Victor’s | SB-31 | 74 | 2.6 | 8 | 5.4 | 2.07% |
Victor’s | SB-32 | 81 | 2 | 8 | 6 | 2.47% |
Victor’s | SB-33 | 75 | 6 | 24 | 18 | 1.80% |
Victor’s | SB-34 | 85 | 8 | 24 | 16 | 1.77% |