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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: 2013 SC work program

I believe the 2013 SC program was an informative year for SC project for a few reasons.

First off, to date this was the most expensive work program since Teck's official involvement when signing the JV partnership at 8.2 million. 

"In 2013, the Schaft Creek Joint Venture conducted a program ($8.2 million) consisting of diamond drilling and collecting additional geotechnical information for pit slope stability studies.  The drilling extended the mineralization to the east in the Paramount zone and intersected higher grade mineralized interval in several of the 2012 resource blocks classified as Inferred" 

Teck obtained many pertinent answers! This includes resource expansion of deposit and intersecting mineralization in "waste zone areas" not classified generating ore revenue!

Elmer stated: "the 2013 drilling program extended the mineralization between 100m and 300m east of the current resource block model and has also tested several blocks of inferred resources in the Paramount zone. The drilling results support the interpretation that the mineralization in the Paramount zone could extend to the east past the limits of the current block model. The extension of the mineralization into that area of the Paramount zone that was previously categorized as waste in the feasibility study prepared by Copper Fox and the testing of the inferred resource block within the pit shell could have a positive effect on the economics of the Schaft Creek project"

Discussion of Diamond Drill Results:

DDH SCK-13-431 drilled to the east to a depth of 628.0m tested the Mike zone. This hole intersected three intervals with anomalous copper and gold values. The two longest intervals of anomalous copper-gold concentrations occur in the top portion of the drill hole.

DDH SCK-13-432 intersected an upper interval of copper-silver mineralization and a lower, much longer interval of copper-gold-molybdenum-silver mineralization. This hole located 200m south of

DDH CF415-2011 tested a block of inferred resource and extended the mineralization an additional 120m to the west beyond the western edge of the inferred resource block. This drill hole also intersected a higher grade (76.5m core interval) zone of copper-gold-molybdenum-silver mineralization within the indicated resource block starting at a core interval of 81.0m.

DDH SCK-13-433 intersected two intervals of mineralization. The upper interval is 108.0m in length and is located approximately 300m to the east of the current block model. DDH SCK-13-435 tested a block of inferred resource contained within the current resource block model and intersected the mineralization on average 100m east of the indicated and measured resource block. This drill hole also intersected a previously unknown zone of higher grade (43.6m core interval) copper-goldmolybdenum-silver mineralization immediately adjacent to but outside the inferred resource block on this section. A second zone (42.9m) was intersected within a portion of the current block model classified as an inferred resource.

Also, do not forget about 2015: 

Mapping of the proposed tailings impoundment area yielded positive results and eliminated the concern related to the existence of a large slope sagging feature in the proposed tailing storage facility reported in the 2013 feasibility study.

This is very important to economics as well. The 2013 report concluded HALF our M&I resources (higher grade material at the bottom) were UNSAFE for mineral extraction therefore confined our pit shell limits.

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