Re: Copper Fox Reports Diamond Drill Results From the 2012 Drilling Program
posted on
Oct 17, 2012 08:39AM
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%)
Not bad considering both drill holes were terminated early before reaching their targets due to poor ground conditions.
Mike intimated to me at the conference this would be the case.
Mr. Stewart, President of Copper Fox stated, "Over the past three years we have seen a strong correlation of copper mineralization with positive chargeability signatures at the Schaft Creek deposit. We are now seeing the same correlation between the positive chargeability signature and mineralization in the Discovery zone. The assays results for the last of the drill holes from the 2012 drilling program while low grade provide valuable information regarding the copper potential of the Discovery and Mike zones located north of the Schaft Creek deposit. These holes were terminated before reaching the interpreted edge of the chargeability targets due to drilling difficulties but show specific intervals of highly elevated copper-gold-silver concentrations. The combination of these drill results, the chargeability anomalies and mineralization in outcrop lend considerable support to the mineral potential of the Schaft Creek mineral trend."
DC14