Re: From today's NR
in response to
by
posted on
Apr 15, 2015 10:43PM
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%)
If they are going to keep it to core re-logging and no new drilling - that calms me down significantly. Thanks for that info Prospekt.
Its good to hear as well that they don't have any grand plans for Eaglehead without taking a JV partner first.
It felt good to have some cash in the bank and not have to worry about raising funds and it seemed the rug was about to be yanked... Maybe jumping the gun on my part?
I am going to dig further into the water issue and see what I can find. It seems odd that access to a water supply will not be a problem in Arizona considering their drought and us being a Canadian company. The local guy is pretty specific about it being the issue for any new mining operation, and he has lived there quite some time.
It would be good if the locals are in fact more concerned about new jobs than giving us access to water.