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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: NR-Copper Fox awards feasibility study on Schaft Creek project

Re: NR-Copper Fox awards feasibility study on Schaft Creek project

posted on Jan 23, 2010 10:38PM

This is taken from Copper Fox Metals' website:

The consultation process usually increases as the project advances to the stage where a preliminary economic assessment (or scoping study) is completed. This study is the first time that current economics are tied to the project. Following the preliminary findings of a scoping study, a company will move to the pre-feasibility and feasibility stages, and may at the same time, enter the environmental assessment and permitting process. This stage provides more specific findings about the project's design and economics than the scoping study. Government agencies, environmental groups and non-governmental organizations will also carefully scrutinize any mine project that advances to this advanced stage of environmental assessment and permitting. Mining companies must consult and engage with a broad range of stakeholders in order to develop public understanding and support for their projects over time, and thereby gain a "social license" to operate.

I also feel that the NR, paragraph 4, "Copper Fox is on track this year (2010) to complete the feasibility study and documentation necessary to complete its environmental permit application for the development of the Schaft Creek Project."

Should have been written as: "...to complete the feasibility study and also the documentation necessary to complete its..."

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