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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: A sign from...
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Mar 15, 2013 02:26AM
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Mar 17, 2013 11:17AM

"At the very least, this tells me that the lights are still on at Galore Creek Mining's offices and they are actively managing the project."

There's a little more than just lights on. They will be spending $16M at Galore this year:

"The newly discovered Legacy zone, a 700-meter long mineralized zone, currently open in all directions and located approximately 300 meters north east of Bountiful and adjacent to the Central Pit, will be the focus of a 10,000 meter exploration drill program in 2013. NOVAGOLD's 50% share of Galore Creek's 2013 budget is $8 million which includes updating the resource model with the latest 2012 drill results; as well as drilling to further define the extent of the Legacy mineralization, and assess its impact on future mine design."

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Mar 17, 2013 12:05PM
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Mar 17, 2013 01:38PM
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