"Copper Fox is a 25% partner in the Schaft Creek Joint Venture with Teck Resources Limited ('Teck'). Teck is the operator of the Schaft Creek Joint Venture which holds two main assets; i) the Schaft Creek copper/gold/molybdenum/silver project located in northwestern British Columbia and a 78% equity interest in Liard Copper Mines Ltd. ('Liard'). Liard holds a 30% Net Proceeds Interest in the Schaft Creek project. " **************************************************************************************************************************************** Not sure what exactly that means in the end but I'm sure one of the smart folks on the board can explain further.