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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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When TT failed to complete the mine plan Moose Mountain took over and completed the mine plan.

This is from page 3 of the presentation.

Copper Fox retained Tetra Tech Wardrop to complete the Feasibility Study, Moose Mountain Technical Services has completed the mine plan. Economic analysis and project sensitivity to follow.

News June 14, 2012

Feasibility Study
During the quarter, Tetra Tech advised that, due to manpower shortages and scheduling difficulties of staff, the March 31st timeline for completion of the Feasibility Study would not be achieved. The delay in completing the Mine Plan, a critical component in the Feasibility Study, has delayed the completion of the Feasibility Study until mid-late summer, 2012. The detailed mine plan is required to complete the economic analysis and sensitivity of the Schaft Creek project for the Feasibility Study. The results of the updated Resource Estimate will be incorporated into the Feasibility Study. The other portions of the work required to complete the Feasibility Study have either been completed or are nearing completion.


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