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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%)
Message: Re: Economic
You are right Todor. 422 is not a very sexy grade but it still would make ore in CUU's .020% Cu cutoff. Economics at this grade alone would be tough.
The real value of 422 is that it is mineralized and that it correlates with the chargeability. Elmer can now shoot drills into different parts of the chargeablity to find better grades.
The information from 422 plus Aerial Mags plus Titan has lead him to deem it a new zone ("Discovery").
The other plus is that at least these mediocre grades are not terribly deep. That is also a good start to proving economic ore.
Vette forgot this profile image of 422 and the chargeablity.
http://www.copperfoxmetals.com/s/Image.asp?i=maps/Cross-Section-6362600mN-February-2012.jpg&id=507387
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