posted on
May 17, 2013 01:22PM
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%)
Message: Re: Clues
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Well said Chappy. I disagree about the drilling program though. I think they should focus on things that will help our economics rather than finding additional copper far away from the mine site. Our problem is not about a lack of potential, it's about weak economics. Finding more copper below the pit plan, under the mountain, or far from the mine site won't improve our economics. Proving up the waste rock, improving metallurgical recoveries, and drilling the edges of our block model will help our economics.
As a side note, I just noticed that our presentation says "drill east of current Resource Model to test area treated as waste in Feasibility Study." This sounds like we have undrilled areas included in our pit shell. Is this the same as the 171M tonnes of Inferred resource? Or is this an area that was never drilled (not inferred) and has to be mined as waste?
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