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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: CXM opens at 1.5 cents
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I see Elmer is back as Chairman on the Carmax website.
I really think that NR from Carmax was deceptive. The rules are really clear and Carmax made a mistake but they wrote that up to make it sound like there was a paperwork problem.
If Carmax didn't know this, it is because they didn't bother to read the circular that explains amalgamation. Just because they didn't know, doesn't mean they shouldn't have known, and the rest of the world knew. They make it sound like a surprise when it is routine.
By consolidating the land package into the one mineral claim, the expiry date was recorded in the registry as expiring on the earliest expiry date of any of the claims included in the March, 2015, filing, unbeknownst by Carmax, thereby causing the registry to enter April 11, 2016, as the good to date for the consolidated package.

Then they add insult to injury:
Carmax has filed an application under Section 67 to the Mineral Tenure Act for the chief gold commissioner to set aside the forfeiture or the effect of the expiry, which would, if granted, allow a further period of time for Carmax to amend the filings to correct the record and reflect the factual work performed on the claims in order to maintain the consolidated claim in good standing.

They did file the work claims already, but they lost the extended deadline when they amalgamated the claims. By saying things like, "correct the record" it makes it sound like there was an error over at the MTO office but that's not true.
I would never trust these guys again.
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