Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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%)

Free
Message: Re phase2

I have a hard time imagining what Teck is drilling for $15 million if it is not Phase 2. According to the FS the whole of the Phase 1 budget was $2.129 million. That included 8 drill holes and a Titan survey. Phase 2 budget was supposed to be $1.391 million for 10 drillholes to follow-up from Phase 1.

Even together this doesn't come close to $15 million. Maybe that includes the survey Teck did between SC and GC, which has nothing to do with us, but there is still a lot of money unaccounted for. Hopefully, they are also improving recoveries because that would add a lot of value to the end results.

Share
New Message
Please login to post a reply