4,000 metre drilling Re: Schaft Creek NR
posted on
Mar 03, 2021 09:44AM
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%)
Absolutely prepping for production! from news release-
"Review construction timeline"
"Confirm throughput assumptions, metal recoveries and production"
"Confirm opportunity to decrease the life of mine ("LOM") strip ratio to reduce operational costs"
"Update regulatory requirements and associated permitting timeline"
Big program to confirm ALREADY IMPROVED strip ratio and metal recoveries!
HUGE hint today folks!
The Pea report will have better recoveries and strip ratio! This was something I asked the office several times and got no concrete answer as they said wait for news. Today I got my answer!
Program Summary:
Complete up to a 4,000-metre drill program and associated metallurgical and geotechnical testwork to provide information to confirm select value opportunities. The 2021 program will confirm throughput assumptions, improved metal recoveries, metal production, and ensure a capital efficient 'fit for purpose' process design flowsheet. The collection of additional geotechnical information in the proposed pit area may provide opportunities to decrease the LOM strip ratio and reduce operational cost and associated greenhouse gas emissions