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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: Exploration Potential and Drilling

The 10,000 metre drill program this year was a minimum agreed upon by Teck & Copper Fox. It doesn't mean there couldn't be more. Teck has a $60 million budget that should be enough to bring this project to a production decision. They have less time this year than they should have because it took quite a while for them to finish the negotiations with Copper Fox. They might, however, manage a phase 2 drilling that will exceed the 10,000 metres. We have to wait and see what results come out of the first drilling.

Beyond the fact of the 10,000 metres the decision about further exploration will now come from Teck so the history of CF drilling is no longer an indicator of what might come. I am also hoping they are working on the metal recoveries and the other recommendations to come out of the FS.

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