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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: Teck Lands

Apr 08, 2013 03:24PM

Teck had till April 3rd to renew the bits of Teckland that either didnt' go to Galore or had been renewed to 2014. The 'bits' were allowed to default which resulted in the top 'horns' of Teckland defaulting back to the government and are unclaimed. I didn't bother to make up any more maps or a post since the Teckland developments with Galore really didnt seem to generate any interest and fewer posts. Only 42 people took a peak at the Flickr copy of the graphic below. (Everyone is just waiting for Teck's decision and not much else. imho)

There is one correction to be made. The Teck claims in dark solid blue shown below the Galore road (green line) in actually were forfeit as well. I had mischaracterized them as having been sold to Galore Creek Mining.

Teck decided on a rather consistent and apparently arbitrary line runing east-west in the main area of Teckland. Below that line went to Galore, north of that line was generally allowed to forfeit.

The areas shown in Green shading offer some remaining speculation as Teck still owns them and they seem to rather neatly fit to within 2km of the nearest CUU claims. Many of these CUU lands are not Sched A land either (e.g. the Hickman claims). I thought the 2km AoI extended from the Sched A lands in the Salazar Agreement. Instead of Teck forfeiting them or selling them to Galore, they extended them for another year. Cuu generally renewed most of its claims to about 2018 except a few outliers.

more info and larger: http://www.flickr.com/photos/60356448@N04/8590425119/in/photostream/

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