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shawnly1000 · 05-31-2011, 07:39 AM

http://sg.finance.yahoo.com/news/COP...03232.html?x=0

Highlights:

a) Diamond drill hole ("DDH") CF407-2011 is underway and is located on the same site as DDH CF406-2010. A second diamond drill is expected to arrive at Schaft Creek by mid June 2011,

b) The primary objective of the 2011 drilling program is to test at depth a 1,200m long by 600m wide portion of the large chargeability anomaly associated with the higher-grade mineralization located in 2010 and test the ES and GK zones of mineralization that are on the recently acquired lands located immediately north of the Schaft Creek deposit,

c) Completion of the high resolution aeromagnetic survey of the Schaft Creek project has been delayed due to adverse weather conditions. The survey is approximately 60% complete and results of this survey will be announced upon receipt of the surveyor's reports following completion, and

d) AMEC are working toward delivery of the updated resource estimation. The receipt of this report is expected shortly.
Elmer B. Stewart President and CEO of Copper Fox stated that "Our first priority for 2011 is to complete the feasibility study on the Schaft Creek deposit and to do this we must first receive the updated resource estimation. The delay in receiving this report has been frustrating but resource estimations are complex in-depth studies especially when dealing with a substantial amount of legacy data such as at Schaft Creek. I am confident that this report will be completed soon and we can then move quickly to complete the feasibility study. The delay in completing the airborne magnetic survey is a function of the weather conditions around Schaft Creek but has not affected the other portions of the 2011 program. I am pleased that we re-started the testing of the extensions of the large chargeability anomaly associated with the higher-grade mineralization located in 2010. This anomaly is interpreted to have the best potential to substantially expand the limits of the mineralization in the Schaft Creek deposit".

SH the past week and a half has been hilarious with posters doing the boy who cried wolf when it comes to calling when an update on the RE would come.

What's everybody's thoughts?

05-31-2011, 07:39 AM	#4142
shawnly1000 My homepage has been set to RS Join Date: May 2011 Location: Vancouver Posts: 2,489 Thanked 1,458 Times in 588 Posts Failed 16 Times in 9 Posts	http://sg.finance.yahoo.com/news/COP...03232.html?x=0 Highlights: a) Diamond drill hole ("DDH") CF407-2011 is underway and is located on the same site as DDH CF406-2010. A second diamond drill is expected to arrive at Schaft Creek by mid June 2011, b) The primary objective of the 2011 drilling program is to test at depth a 1,200m long by 600m wide portion of the large chargeability anomaly associated with the higher-grade mineralization located in 2010 and test the ES and GK zones of mineralization that are on the recently acquired lands located immediately north of the Schaft Creek deposit, c) Completion of the high resolution aeromagnetic survey of the Schaft Creek project has been delayed due to adverse weather conditions. The survey is approximately 60% complete and results of this survey will be announced upon receipt of the surveyor's reports following completion, and d) AMEC are working toward delivery of the updated resource estimation. The receipt of this report is expected shortly. Elmer B. Stewart President and CEO of Copper Fox stated that "Our first priority for 2011 is to complete the feasibility study on the Schaft Creek deposit and to do this we must first receive the updated resource estimation. The delay in receiving this report has been frustrating but resource estimations are complex in-depth studies especially when dealing with a substantial amount of legacy data such as at Schaft Creek. I am confident that this report will be completed soon and we can then move quickly to complete the feasibility study. The delay in completing the airborne magnetic survey is a function of the weather conditions around Schaft Creek but has not affected the other portions of the 2011 program. I am pleased that we re-started the testing of the extensions of the large chargeability anomaly associated with the higher-grade mineralization located in 2010. This anomaly is interpreted to have the best potential to substantially expand the limits of the mineralization in the Schaft Creek deposit". SH the past week and a half has been hilarious with posters doing the boy who cried wolf when it comes to calling when an update on the RE would come. What's everybody's thoughts?