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%)

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Message: Re: got an email
2
Feb 14, 2014 11:30AM

Before I could read it,I got up to close the light and ended up closing my pc.

I guess I need to take a break.

Anyway,Elmer responded to my email almost immediatelly,within a few minutes.

here it is.

Dear Mr Elmer Stiuart.
Do you think there will be drilling at Shaft Creek in 2014? (Two of the diamond drilled were left at Schaft Creek at the end of the 2013 season. The 2014 program has not been finalized by the Joint Venture. The engineering studies could lead to some drilling, and if so it would be a small amount. The projects needs the engineering studies to advance; not additional drilling given the current size of resource and reserves). The engineering work may suggest a few drill holes would/desired be required.
What possible progress do you expect regarding Shaft Creek this year,apart from some engineering studies? (the engineering studies are the progress. The project has gone past the feasibility stage. The typical sequence of a mineral project is as follows; Exploration leading to Preliminary Economic Evaluation leading to Preliminary Feasibility Study leading to Feasibility Study leading to engineering studied (where aspects of the feasibility study are fine tuned) leading to a production decision.Last year Copper Fox delivered the feasibility study on Schaft Creek. The 2013 work program was successful and now engineering studies are planned in 2014. The engineering studies are required to determine the scope of the project and to make the best estimate of what additional work would be required to optimize the various phases of the project. All of which would be required for permitting and a decision to proceed to making a production decision)
Thank you very much.

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