Re: VETTES PREVIOUS TALK WITH ELMER
in response to
by
posted on
Feb 24, 2013 11:21AM
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%)
The problem is their anouncements lost some credibility last year with their 2012 exploration program. I'm not sure an announcement now would be taken seriously.
Copper Fox Announces 2012 Exploration Program
"expected to cost approximately $10.0 million" ... spending was closer to $5M
"A Total Field airborne magnetic survey" ... this was successfully completed
"Titan-24 DCIP & MT surveys" ... not completed
"Diamond drilling of Mike, ES and GK zones" ... not completed
"Diamond drilling the Discovery zone" ... this was successfully completed
"Diamond drilling in a two phase program" ... phase II not completed
"Jay/Scotch claims option" ... we haven't heard much about these