If Schaft Creek was a gold mine

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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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NotSoQuick

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If Schaft Creek was a gold mine

posted on Dec 11, 2013 01:24PM

One of the fascinating things I find about the Schaft Creek is the size of the gold deposit at 10.6 million ounces (including all inferred resources). And I expect that they could be adding to that number with the new drilling results.

The link below is a listing of Gold Mine and deposit size rankings. It one of first pages (page 3?), they state "Very large large discoveries (>10 million oz) are VERY RARE and make up only 15% of all deposits. The bulk (69%) are less than 5 million oz.".

It is a very interesting read with lots of neat graphics if you are at all interested in gold.

http://www.visualcapitalist.com/global-gold-mine-and-deposit-rankings-2013

If you download the full 40 page pdf, you will see that Schaft Creek would rank around number 85 - so it is the 85th largest gold deposit in the world.