Re: Future
in response to
by
posted on
Mar 31, 2012 01:08PM
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%)
OK, but when they going to start and whay there is no drilling plan yet?
Last year they announced it May 5th and drilling started Mid May. I suspect they will start sooner this year, we should hear from them soon.
http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=455295&_Type=News-Releases&_Title=Copper-Fox-Provides-Update-on-2011-Plans-for-Schaft-Creek-Diamond-Drilling-...
Plenty of zones to test while they finish the RE and Feasibility. If this is the last opportunity they have, I think they will go strong on the drilling. They must strategically pick the best spots based on the data they have gathered.
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Plan-View-Chargeability-Model-_300m[2].jpg&id=485515
Just last year they had just enought time to prove 1 new zone..
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Cross-Section-6362600mN-February-2012.jpg&id=507387
Obviously Elmer stated that that whole was only the outer edge and weaker chargeability.......the best part is on the other side:
"The interpretation that the Schaft Creek Mineral Resource could host other deposits is strongly supported by the mineralization in DDHCF422-2011. Although a considerable amount of drilling is required to delineate and determine the significance of this discovery, the continuity of the mineralization and its location on the western edge of a large strong chargeability anomaly suggests that this zone has considerable potential.
''The mineralization shows a strong correlation to the outer edge (and weaker chargeability) of a large (1,800m by 800m) Titan-24 chargeability anomaly, the strongest portion of which occurs east of the drill hole collar location and remains untested by drilling.''