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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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http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=545171&_Type=News-Releases&_Title=Copper-Fox-Drilling-Indicates-Widespread-Mineralization-in-the-Discovery-Zo...

Feasibility Study
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. Sensitivity studies related to capital recovery versus daily mill throughput are being completed to select the optimal start-up scenario for the Schaft Creek project. The final phase of the feasibility study, the economic analysis, is expected to be completed in early September. The majority of the sections of the feasibility study have been drafted and reviewed.

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