Re: Where r our Magnetics?
in response to
by
posted on
Jul 17, 2012 05:55PM
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%)
"mediocre results" would be just fine in my opinion. Lots of SC/Paramount drills went into the lab without any public discussion on what they looked like. I think holes like 407 and 398 and others really stood out (long lengths of mineralized looking rock) to the geologists logging the core. If cores are average, it would be hard for a geologist or couple of geologists to say "Oh... that 3/4km of core was X" when it had all kinds of stuff along its length and they've been looking at wee sections for weeks on end. If the core looks cooked from top to bottom, like I imagine 407 appeared, it would have stood out.
Discovery (and the other untapped zones) just need to start looking like a potentially mineable deposit (grades, metals, size of mineralized body etc). We'll never prove it up this year or this decade for that matter.
jmho