Re: Christmas Eve, 2014
in response to
by
posted on
Jun 14, 2017 03:25PM
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%)
2013 Summer - JV with Teck. Teck started a drilling program.
Dec 2013 - Results from drilling program announced.
2014 - proposed series of studies that cost $2.5 million to Teck for 2014.
Teck Resources Limited ("Teck") as operator of the Schaft Creek Joint Venture has recommended a comprehensive series of studies to review all aspects (including metallurgical, pit slope design, geological modelling and environmental) of the Schaft Creek project. The objective is to review all data collected on the Schaft Creek project to the end of 2013 to update and optimize various parameters of the project. The studies will be conducted internally by Teck and outside consultants will be retained if and when necessary.
The 2014 program also has a field program planned of mapping and re-logging core to obtain a better structural understanding of the Schaft Creek deposit for pit slope design purposes. Environmental monitoring studies will continue through 2014. The 2014 program is estimated to cost approximately $2.5 million
This continued to 2015.
2015 - continue studies and drill lacasse zone.
2015 July Update
Schaft Creek:
2015 Oct. Update
Schaft Creek:
2016
2016 Program:
Resource Model
This aspect of the 2016 work program includes incorporating the work completed in 2014 and 2015 to update the resource model for the Schaft Creek deposit. This phase of the program will emphasize getting a better understanding of the precious metals content of the deposit.
Studies...not just one. It's a continuation of work. Would you spend billions on a property without looking into every detail?