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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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Here's the full quote with my inserted comment:

"Those aspects of the optimization studies currently underway at Schaft Creek are confirming the previous findings and the balance of this work *(i.e. only those aspects of the optimization referenced) is expected to be completed by the end of 2015."

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I agree with Golf, they are not saying optimization will be complete. I didn't like the part about more targets to explore - that is adding time to completing the study.

The results for the drilling were not great IMHO, low grades and under at least 100m of overburden. Add to that a relatively short strike length, and I'm sure this isn't what Teck was hoping to find, or it would be good enough to mine that area.

It will be intersting to see what they have come up with regarding the inferred-only VD PEA in the coming months.

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