Re: Another week- no news
in response to
by
posted on
Aug 16, 2021 08:53AM
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%)
Re.. It means greater than 10% of the defined resource has been proven up and placed in the measured category.
In that way I can finally see why Teck has listed it last among their satellite projects. It is the least proven up of their projects. I find it disappointing that the joint venture has done no new drilling in their 10 years to prove it up.