Re: Phase 1 / Phase 2 drilling programs

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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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jafcan

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Re: Phase 1 / Phase 2 drilling programs

in response to

Phase 1 / Phase 2 drilling programs

Kits09

posted on Aug 09, 2013 10:11AM

... This would spawn a NR containing the word "disappointing", guaranteed to tank the SP - say, to around 0.30....

Teck isn't in the habit of releasing drill results in JV agreements, it would be up to the JR.

Whlle Teck did mention on its website the JV agreement with CUU, which in itself is unusual, their investor relations dept confirmed it's seldom done, but in this case, they did because of the larger dollars involved.

Speaking of drill program - CUU mgmt isn't commiting to any announcement, and saying it is Tecks operation now, and they will advise CUU when it starts and the results. I've sent emails to Teck exploration and investor relations with no response.