Re: Drilling and Blackout:
in response to
by
posted on
Sep 14, 2012 10:51PM
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%)
Prospekt when I asked Elmer about this, he said a decision was made to focus resources on Arizona as a priority as a number of things had come together in AZ.
Here's how it works.
CUU wants to sell the BC assets, keep the ''Copper Fox Metals'' name and continue on with Arizona. They want a spinoff using the same name.
They bought properties with historical data and the Van Dyke purchase is not settled yet, but Sombrerro is.
Apparently (maybe because it's in the US) in order to be able to do the spinoff, CUU must 1st spend money on the new property and/or have data that is their own.
I can see why this is a priority if they expect swift action on Schaft Creek.
Here's the good part...
1) Bell copper recognized 20 distinct breccia pipes, and only 8 where tested with 34 drill holes. I posted the results not to long ago. They all hit long intervals of 1%-5% copper, from surface, some even starting at 0m.
Along with this they mention a deep source (this is what Elmer's going after):
''high-grade copper deposits that are of greatest interest because of their suspected link to an underlying porphyry copper system''
2) Bell also made a new discovery..but you must look in old NR's for this:
Recent fieldwork has resulted in the discovery of 8 additional breccia pipes in a separate cluster located three kilometers further south. These 8 pipes constitute a distinct cluster covering an area of 1 kilometer by 1.6 kilometers. The newly discovered breccias share a common style of hydrothermal
''The striking similarity of the alteration in these widely separated breccia pipes suggests that they shared a common hydrothermal reservoir, like a large porphyry copper system in the subsurface.''
3) Now Elmer wants to sepnd money on this fast and do it Elmer Stewart style, and 1st thing he's going for is that legendary subsurface source feeding the pipes. So, Magnetics, Deep Quantec Titan, etc. And then 1 deep drill.
This should be done fast (good weather Arizona, this isn't BC). For all I know they've already started the work......
Elmer's going after the source, what many have suspected for a long time. But Elmer will be using his techniques, knowledge and experience in the matter...
''At Sombrero Butte, breccia pipes are present across the entire extent of the property, so it is conceivable that the breccias reflect the footprint of an underlying porphyry copper system.''
''Previous operators conducted detailed geological, geochemical and geophysical studies on the property in the late 1990's and documented the presence of a multi-phase porphyry intrusive complex. The Company will continue to test these numerous breccias as well as explore for the suspected deep seated porphyry source for the breccias. ''
Read this interestnig NR, the last of Bell Copper's NR's 2008...
http://www.bellcopper.com/s/News_Releases.asp?ReportID=310572
Drill results
BRECCIA TARGET | DRILL HOLE | FROM | TO | METERS | % CU |
Magna & Sunset | SB-01 | Leached breccia, no significant intercepts | |||
Magna | SB-02 | 286m | 334m | 48m | 1.06% |
incl. | 318m | 328m | 10m | 2.04% | |
Campstool | SB-03 | 272m | 294m | 22m | 0.58% |
SB-03 | 470m | 492m | 22m | 1.31% | |
incl. | 480m | 492m | 12m | 2.06% | |
Magna | SB-04 | Leached breccia, no significant intercepts | |||
Sunset | SB-05 | 18m | 40m | 22m | 4.74% |
Magna | SB-06 | 330m | 342m | 12m | 1.34% |
Sunset | SB-07 | 38m | 47.56m | 9.56m | 5.57% |
Sunset | SB-08 | 44m | 48m | 4m | 5.62% |
Rattler | SB-09 | 96m | 110m | 14m | 0.83% |
Rattler | SB-10 | no significant intercepts, leached breccia | |||
Rattler | SB-11 | 312m | 342m | 30m | 0.37% |
Audacious | SB-12 | 12m | 26m | 14m | 2.90% |
Audacious | SB-13 | 22m | 24m | 2m | 5.85% |
Audacious | SB-14 | 20m | 86m | 66m | 1.45% |
Audacious | SB-14 | 34m | 46m | 12m | 2.33% |
Audacious | SB-15 | 16m | 36m | 20m | 3.07% |
including | 22m | 28m | 6m | 5.69% | |
Audacious | SB-16 | 0m | 14m | 14m | 1.71% |
SB-16 | 22m | 46m | 24m | 2.12% | |
including | 22m | 26m | 4m | 4.75% | |
Audacious | SB-17 | 0m | 8m | 8m | 3.23% |
Audacious | SB-18 | 0m | 12m | 12m | 2.32% |
SB-18 | 22m | 38m | 16m | 1.95% | |
Audacious | SB-19 | 20m | 42m | 22m | 2.97% |
including | 20m | 24m | 4m | 5.91% | |
including | 34m | 38m | 4m | 4.76% | |
Sunset | SB-20 | 4m | 16m | 12m | 2.50% |
including | 8m | 12m | 4m | 4.03% | |
Saguaro | SB-21 | no significant intercepts | |||
Victors | SB-22 | no significant intercepts | |||
Magna | SB-23 | 282m | 354m | 72m | 0.88% |
Magna | SB-23 | 458m | 484m | 26m | 2.03% |
Victor's | SB-24 | 0m | 20m | 20m | 1.27% |
Victor's | SB-25 | 0m | 12m | 12m | 2.05% |
Victor's | SB-26 | 0m | 12m | 12m | 2.25% |
Victor's | SB-27 | 14m | 30m | 16m | 1.22% |
Victor's | SB-28 | 14m | 20m | 6m | 1.36% |
Victor's | SB-29 | 4m | 70m | 66m | 0.61% |
Victor's | SB-30 | 10m | 40m | 30m | 0.86% |
Victor's | SB-31 | 2.6m | 8m | 5.4m | 2.07% |
Victor's | SB-32 | 2m | 8m | 6m | 2.47% |
Victor's | SB-33 | 6m | 24m | 18m | 1.80% |
Victor's | SB-34 | 8m | 24m | 16m | 1.77% |