Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Re: What's our 25% of SC worth?
7
Sep 22, 2021 11:04PM
7
Sep 23, 2021 08:07AM
4
Sep 23, 2021 08:18AM
13
Sep 23, 2021 10:21AM
4
Sep 23, 2021 10:46AM
9
Sep 23, 2021 11:11AM
9
Sep 23, 2021 11:41AM
13
Sep 23, 2021 12:49PM
3
Sep 23, 2021 02:10PM
1
Sep 23, 2021 03:02PM
1
Sep 23, 2021 03:04PM
1
Sep 23, 2021 03:15PM
3
Sep 23, 2021 03:29PM
3
Sep 23, 2021 03:50PM
1
Sep 23, 2021 04:47PM
6
Sep 23, 2021 05:30PM

The resource number comes from a 3D geomodel  based on the drillholes. To calculate the PEA economics they have to define a reasonable pit shell design that would allow extraction from an open pit. The geometry of most ore bodies prevents all of the resource to fit within the pit design. Typically you expect to get 60-70% of the resource within the pit. The rest is still there but would have to be extracted by some other mining method such as block and cave, if the grade is high enough. Here's an example from SC that shows the pit shell outline and high grade material below it, which would not be counted as recoverable metal in a PEA or FS.

7
Sep 24, 2021 09:40AM
10
Sep 24, 2021 09:54AM
6
Sep 24, 2021 10:13AM
Share
New Message
Please login to post a reply