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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: just doing some reading...

its older info....just found interesting! this is on the BC gov't website

http://www.empr.gov.bc.ca/mining/geoscience/publicationscatalogue/explorationinbc/documents/2011/bcex-mining2011_skeena.pdf

Copper Fox Metals Inc received approval in 2011 for

its Application Information Requirements as part of the

Environmental Assessment Application for the Schaft

Creek copper-gold-molybdenum project (MINFILE

104G 015) located approximately 60 km northwest of

Bob Quinn Lake. An updated resource estimate reported

in July will be used to prepare a feasibility study expected

to be completed late in 2011. Measured plus indicated

resources total 1010 Mt averaging 0.27% Cu, 0.017% Mo

and 0.18 g/t Au. Additional inferred resources total 283.6

Mt averaging 0.24% Cu, 0.011% Mo and 0.15 g/t Au.

Cut-off grades are 0.2% copper equivalent. The proposed

150 000 t/d mill and accompanying tailings facility would

be located 5 km northeast of the deposit near Skeeter

Lake. Copper Fox Metals has signed an agreement with

Stewart Bulk Terminals Ltd in a move to secure storage

and loading of concentrate from Stewart.

Field activities during 2011 included resource,

geotechnical and exploration drilling and an airborne

geophysical survey. Resource delineation drilling

successfully extended the Paramount zone both east and

west along strike and at depth. Seventeen holes were

drilled totalling 6523 m including geotechnical drilling.

Highlight results include 387.8 m averaging 0.49% Cu,

0.3 g/t Au, 0.04% Mo and 2.43 g/t Ag from 287 m in drill

hole 2011-CF411. Geotechnical drilling focused on open

pit slope design. Exploration focused on searching for

high-grade starter-pit options and included five drill holes

totalling 1868 m. Results from a TITAN-24 DCIP – MT

(deep penetrating induced polarization-magnetotellurics)

survey identified multiple extensions to zones of known

chargeability. A new area of chargeability identified west

of the Liard zone is sparsely drill tested with historic

intercepts over 1% Cu over 10 m.

Schaft Creek is a calc-alkalic porphyry copper-goldmolybdenum

deposit formed near the eastern contact of

the Hickman granodiorite batholith with Stuhini Group

mafic volcanic rocks. The Galore Creek deposit is

developed in alkalic rocks near the western margin of the

Hickman batholith. Schaft Creek mineralization is dated

at 222 Ma, nearly identical to the age of the batholith.

Although not an alkalic porphyry deposit, Schaft Creek is

similar to Galore Creek in that the deposit occurs in a

unique part of a sub-horizontal volcanic sequence

consisting of tuff, breccias and epiclastic rocks. The

principal Liard zone is fault-bounded by a steep structure

to the east and by a 45º east-dipping structure to the west.

Recent drilling has linked the Liard and northerly

Paramount zones so they are considered now to be a

single zone. Thought to represent deeper portions of the

porphyry, the Paramount zone is characterized by

extensive igneous brecciation of a feldspar porphyry

intrusion, primary igneous zoned sulphides and a higher

abundance of chalcopyrite and molybdenite. The West

Breccia zone lies further west, associated with a subvertical

fault. The West Breccia zone is 30 to 200 m wide,

extends more than 1000 m and consists of angular

hematized fragments in a matrix of quartz, tourmaline,

chlorite, specularite and sulphide minerals. The Liard

zone comprises a sub-horizontal quartz vein stockwork

that is developed in volcanic rocks and less abundant

granodiorite dikes; this vein orientation accounts for the

flat copper grade contours that characterize the deposit.

Potassium feldspar alteration is pervasive in intrusive

rocks and less intense in volcanic rocks where it is

restricted to vein envelopes. Veins in the Liard zone are

broken and disrupted on a small scale; veins commonly

do not extend 10 cm without being segmented by faultfractures.

Copper mineralization is contained in

chalcopyrite and bornite as stockworks, disseminations

and in breccias. Molybdenite occurs as disseminated blebs

and stringers in stockworks and veins.

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