Re: 171m tonnes, drills pulled Liddy

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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RabidTiger

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Re: 171m tonnes, drills pulled Liddy

in response to

Re: 171m tonnes, drills pulled Liddy

mypalcal

posted on Jan 02, 2013 12:01PM

The "waste" rock could have been drilled without being included in the BFS. This would not have benefitted the economics of the BFS, but it would prove the mineralization is there and it would also support the case for increasing the mill rate.

The drill results could have been used to update the reserves with a headline like "Copper Fox increases reserves by 18%, extending mine life to 25 years".