Re: RE due the end of May
in response to
by
posted on
May 22, 2012 09:00PM
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%)
Not that I would have any problems with a more expensive drill program, under the terms we incur costs here, but I really can't imagine why they would want to contradict what they have already announced...
"The 2012 exploration program will focus on the regional evaluation and exploration of the project outside the limits of the Schaft Creek deposit and is expected to cost approximately $10.0 million”.