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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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Message: Re: 2012 summer drilling
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Mar 05, 2013 09:07AM
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Mar 05, 2013 09:21AM

Dogger. The property that CUU owns 100% at Schaft Creek is huge. The Schedule A lands are those claims that would go with any Teck earn-in scenario. They are part of the Agreement and an important part of the whole project. They are outlined in pink in the image below.

Only the drilling for the main Schaft/Paramount deposit and waste dumps would have delayed the FS. Drilling outside of the deposit and waste dumps would not have a bearing on the FS so would not affect or delay it.

The Schaft Creek Mineral Trend (inside the two parallel black curvy lines) is over 8kms long and extends well past the Sched A lands. IIRC, ES said that the SCMT extends even further north than I've shown below. Most of ES and GK zones are in this area outside of the Sched A lands and there is an Aster target in between ES and GK. Any drilling of these areas would have confirmed/denied the presence of entire new zones 100% owned by CUU and not part of any earn-in bs.

Elmer had lots of targets he could have drilled in 2012 and not held up the FS. The Discovery and Mike drilling was close to the SC deposits but even that drilling did not hold up things - or it should not have since the company stated that the 2012 programme was to avoid any FS related areas.


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