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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%)

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Message: Re: Eaglehead
11
Mar 02, 2022 11:16AM
7
Mar 02, 2022 11:44AM

They tried to connect the East and Bornite zones in 2014 with hole 124. The best interval, 78 m with 0.38% cu, was > 400 m deep, so below open pit depths. The previous resource estimate was 103 Mt with a cueq of 0.37%, inferred only. Plus it was two small pits with combined resource numbers. It would take a lot of drilling to upgrade from inferred. I don't see any resource estimate coming out of the 2022 drill program. If they don't connect the two pods then it's unlikely to be economic anyway. Once they did the 2014 drill program they should have dropped the option in my opinion since the exploration risk was not significantly reduced with those results. Ernesto should consider an independent review of this property before committing more of his money chasing the end of the rainbow.

2
Mar 02, 2022 04:07PM
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