Re: Copper Fox time for an update!
in response to
by
posted on
Aug 13, 2020 04:25PM
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%)
Correct me if I'm wrong but Teck needs to spend a Min dollar amount $500,000 each year I think to maintain their 75% interest. I don't think the environmental studies meet that threshold. Covid 19 is a non excuse as alot of companies in BC are now drilling and ramping up exploration already.