Re: Optimization studies
in response to
by
posted on
Nov 30, 2014 06:08PM
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%)
Further drilling will be required that's a given but talking to Lynn it does not mean we will be around for that.
The last NR stated that Teck needs to do more metallurgical studies. That means they have to drill again. They can't use the old cores because they have oxidized over the past 40 years and the information gleaned from testing will no longer be valid.
Lynn couldn't possibly be stating that we won't be around for this drilling because the work plan for next year has not yet been approved.