Re: Drilling and Blackout:
in response to
by
posted on
Sep 15, 2012 09:54AM
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%)
I think Copper Fox saw an opportunity there with the AZ lands, which they got at 25 per cent of what was paid for it. I got the impression that the attractive numbers on the land done previously and the bargain basement price for the property was seen as an excellent transaction.
That said, I hear what Meta and CG have said about access to water/electrical resources. I would like to hear what the company says about it.