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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: Drilling?

There were only 4 DDH's planned for 2012 phase 1 plan (3 in Discovery, 1 in Mike). 426 & 7 were in the Discovery, 428 was mapped as Discovery, 429 in Mike.

From the Roulston article suggests 4 drills in Discovery (2 operating + 2recently completed) and 2 holes attempted in Mike - at total of 6... I take the two Mike attempts were at the same pad drilling failed 429A and 429B so probably 5 holes.

"Two drills are now operating on the Discovery zone. Two holes recently completed returned long intervals with copper and molybdenum minerals visible in the core. Hole 426 was reported to carry mineralization over 90% of its 788 meter length and 427 had over 500 meters. Assays are pending and drilling is continuing. Two holes were attempted in the Mike zone, but were terminated at 140 meters when they encountered difficult ground conditions, before the depth at which there is a geophysical (chargeability) anomaly.

428 is in the Discovery zone. 427 stopped on the day of the AGM (July 19th), 428 could have been successfully completed. I understand the failed drills were all in Mike. There could be a third, full length core out there.

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