Re: Q3 results
in response to
by
posted on
Sep 29, 2017 06:03PM
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%)
from the Mineral Exploration and Mining area on the BC govt website.....
The Mines Act (section 10(3)) provides the Chief Inspector of Mines (and delegated inspectors) with the authority to set the length of term for permits issued under section 10.
Multi-year area-based (MYAB) permitting is the practice of authorizing exploration activities, typically for up to five years within identified activity area(s) underlain by the mineral or coal tenure area of the project. Proponents have the flexibility to execute exploration programs over the entire area and through the life cycle of the authorization as field results and market conditions dictate.
Inspectors authorize annual activities on the site by reviewing and accepting a MYAB Work Program Annual Update that outlines planned activities for the coming year and an Annual Summary of Exploration Activities (ASEA) that outlines the activities conducted over the previous year.
The use of MYAB permitting remains at the discretion of the inspector based on the nature of the proposed work, including the geographic or geologic conditions of the work area, the inspectors experience with the proponent and wildlife or other values on the land base. Applicants should work closely with inspectors to determine whether MYAB permitting makes sense for their specific situation.
As with all applications, to ensure both exploration applications and approved activities meet the health and safety standards and environmental protection requirements contained in the Mines Act, the Health, Safety and Reclamation Code for Mines in British Columbia and all other applicable legislation.