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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 06:01PM

From what I can read the Feasibility doesn't recommend 10,000 meters of drilling in Phase 1 or in Phase 1 & 2 combined. The presentation is emphasizing moving the waste into measured. Elmer said something about how that would be done as part of the work Teck was about to do. They did say that Teck was going East to test the anomaly, whereas the FS seems to be emphasizing the West and North of Paramount. I guess we have to wait for a more detailed description of the work that is intended. The FS also recommended another Titan survey "eastwards towards Mount LaCasse."

The Presentation suggests:

-Undertake a diamond drilling program to determine the extent to which the

171.16 million tonnes of Inferred Resource within the pit shell can be upgraded

to a Measured or Indicated Resource.

-Drill east of current Resource Block Model to test area treated as waste in

the Feasibility Study.

The Feasibility study says:

Phase I is designed to focus on exploring and delineating the new mineralized zones

and chargeability anomalies identified in the Quantec Titan and High Resolution

Magnetic surveys, and to infill drill part of the northern portion of the Paramount Zone

in order to upgrade the resource category from inferred to indicated. Phase I will

entail a combination of diamond drilling and geophysical surveying.

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