Re: some numbers - vette
in response to
by
posted on
Jan 26, 2013 12:50PM
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%)
"...The best grades are below 400m and it was still open at 800m..." t
Thanks for the summary Vette.
I'm certainly not a geologist, but I believe porphey minerals are most commonly found deep within the veins / roots of extinct volcanoes, espicially in areas where erosion over time hasn't exposed the minerals.
Schaft Creek is located adjacent to the extinct Mt. Edziza volcano, and I also believe this geogrpaphic area is younger than areas in the southern BC and States where there are large gold & copper deposits - areas more exposed to erosion due to older formation.
While Schaft Creek is primarly recognized as a copper play, its hard not to appreciate the large gold resource, and that of neighbouring properties, Seabridge, Galore, etc.
My explanation may be lacking - any geologists out there to enlighten me on this?
thanks and cheers
jaf