Re: Good news for us maybe. I know its not about Copper Fox...but then is it?
posted on
Jan 26, 2014 11:13PM
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%)
What I don't understand is why Teck moved their claims, and possibly the Port of Stewart contract, into GC where they own 50%, instead of the 75% they own at SC.
They have announced that they will not be doing any drilling this year at GC. They had very good results last year, so I wonder why that is?
It is possible that Teck has reached an agreement with NG to buy out their share and then they would own 100%.