Re: Investing 101
in response to
by
posted on
Jan 17, 2013 02:33PM
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%)
"Drilling could start in March and possibly a result could come back by the end of April. That is just enough time to sweeten the pot for Teck with a few more holes."...
I dont' think there is any chance of drilling as early as March - or even April. Schaft Creek is buried in snow that time of year. We typically have to plow out snow in May to open up camp for June (as per the last two years).
SCHAFT CREEK PROJECT: 2008 AND 2009 METEOROLOGY AND AIR QUALITY BASELINE
http://www.copperfoxmetals.com/i/pdf/2008-and-2009-Meteorology-and-Air-Quality.pdf
"The peak snow depth at Saddle station was about 1.5 m in March of 2008 and 2.5 m in March of 2009" (pg II)
The from what I understand, most of our 171M tonnes is just under the "saddle" where Liard is.