Re: Copper Fox News Release
in response to
by
posted on
Mar 13, 2014 11:59AM
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%)
i can't see Teck taking this long... this news release proves to me they are rushing with making a decision to mine since they are following the BFS process once again.
The reason why I suggest this potential delay is due to the inclusion of a plan for a "field program".
What do others think about this?
The track record of SC suggests any reason for delay will result in a delay. Even though most of the information provided, indicates ongoing progress towards an EA submission very soon.
Preliminary indications are that the Operator of the Schaft Creek Joint Venture plan to recommend a program of optimization studies as well as a field program to update the geological model and better define certain parameters of the Schaft Creek deposit.