Re: What
in response to
by
posted on
Sep 20, 2021 01:56PM
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%)
"...and remaining resources in the deposit on completion of the first 21 years of mining, provides a compelling view of the Schaft Creek Project's financial potential."
"The 21-year mine plan utilizes approximately 60% of the mineral resource base and provides options to extend mine life and/or increases in throughput."
"21-year Life of Mine ("LOM") producing approximately 5.0 billion pounds ("lbs") or 2.3 million tonnes ("Mt") copper, 3.7 million ounces ("oz") gold, "
It seems we leave a lot out for future exploitation on top of any exploration potential.
The suggested drilling could lower strip ratio,increase recoveries and the deposit and has the potential to improve our status .