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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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Message: Re: Drill Plan
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Jul 18, 2013 12:11PM
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Jul 18, 2013 12:21PM

I just find it interesting that our top priority for drilling was to try and move the Inferred and waste rock into a mineralized category and that wasn't apparently going to take much money or many drills. The end goal of this drilling would have been to improve our FS economics.

Now Teck has gone off to drill fresh ground. I am just speculating that they are maybe working on their own mine plan. It leads me to believe that they have a different idea of how this mine would be worked. They probably already have a reasonable idea that the inferred is not waste rock, but they would have to design a whole new pit plan if the east side was also mineralized, wouldn't they?

Also they are doing some geotechnical drilling for pit stabilization, which also points to a different pit plan. Well, maybe not, but it could mean a different pit plan.


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