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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: Nice Week
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Jul 07, 2014 07:48PM

http://copperfoxmetals.mwnewsroom.com/manual-releases/2013/12/Copper-Fox-Reports-Successful-Diamond-Drill-Result

Mr. Stewart, President of Copper Fox stated, "We are very pleased that the 2013 drilling program extended the mineralization between 100m and 300m east of the current resource block model and has also tested several blocks of inferred resources in the Paramount zone. The drilling results support the interpretation that the mineralization in the Paramount zone could extend to the east past the limits of the current block model. The extension of the mineralization into that area of the Paramount zone that was previously categorized as waste in the feasibility study prepared by Copper Fox and the testing of the inferred resource block within the pit shell could have a positive effect on the economics of the Schaft Creek project."

My bad in saying it's converted, but they have enough evidence to extend their pit model. If Teck/CUU JV is not fully satisfied with the drill results, I'm sure they wouldn't waste time and continue to drill.


Even before the drilling, I forgot who posted it, but somebody said the waste was alwasy mineralized. It was just that there wasn't enough drilling involved to include it in the resource estimate. As long the future producer understands and know the mineralization is in there, that's the most important part.

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