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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: Re: Drilling Update - Widespread Mineralization

Well neither hole for Discovery is off the charts, but mineable nonetheless with decent metal prices.

Sounds like Elmer is still optimistic however, if the chargeability anomalies are where the better grades are however. Got to go back to the geology textbooks here to get an idea on whether the anomaly is likely the best bit or not.

"Difficult ground conditions encountered in the Mike zone, (DDH) CF-429-2012 and CF429B-2012, and portions of the Discovery zone, (DDH) CF428-2012 and CF-430-2012) resulted in early termination of four of the drill holes from the 2012 exploration program before reaching the chargeability anomaly on both the Discovery and Mike zones."

Is it just me, or does it sound like we will be seeing the BFS definitely no earlier than Sept. 21? Sensitivity and economic analyses are not yet completed. Sigh - they'll need to be reviewed/tested after completion. C'mon guys and gals, getter done. Or make a pre-emptive offer Teck. Looking to wrap this up in 2012.

GLTA

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