Re: Anybody has up to date info about the drilling in Lacasse to share?
posted on
Jul 28, 2015 08:28PM
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%)
Maybe a few weeks behind but it looks like they started with one drill rig like they always do.
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/646569-anybody-has-up-to-date-info-about-the-drilling-in-lacasse-to-share/messages/2029415#message
July 28, 2015
Copper Fox Provides Update of Activities
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) and its wholly owned subsidiaries Desert Fox Copper Inc. ("Desert Fox") and Northern Fox Copper Inc. ("Northern Fox") are pleased to provide an update on activities. Highlights are as follows:
Schaft Creek:
Van Dyke:
Eaglehead:
Sombrero Butte:
Elmer B. Stewart, President and CEO of Copper Fox stated, "We are pleased to be advancing exploration on all four of our projects. In addition to our exploration activities, the optimization studies currently underway at Schaft Creek and the Preliminary Economic Assessment on the Van Dyke project are more detailed in nature and are focused on improving the estimated value of both projects. Results of the work on all of the projects will be released when received."
Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's nominated non-independent Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release.
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX VENTURE:CUU) focused on copper in Canada and the United States with offices in Calgary, Alberta and Miami, Arizona. Copper Fox has four primary assets with associated resources and reserves as noted below:
Mineral Reserves | Reserve Estimate Data | Copper Fox Share Metal Holdings | |||||||||||||||||
Project | Reserve Category | Tonnes (Mt) |
Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Cu (Blbs) |
Mo (Mlbs) |
Au (Mozs) |
Ag (Mozs) |
|||||||||
Schaft Creek (1) | Proven & Probable | 940.81 | 0.27 | 0.02 | 0.19 | 1.72 | 1.40 | 93.31 | 1.44 | 12.98 | |||||||||
Mineral Resources | Resource Estimate Data | Copper Fox Share Metal Holdings | |||||||||||||||||
Project | Resource Category | Tonnes (Mt) |
Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Cu (Blbs) |
Mo (Mlbs) |
Au (Mozs) |
Ag (Mozs) |
|||||||||
Schaft Creek (2) | Measured & Indicated | 1,228.60 | 0.26 | 0.02 | 0.19 | 1.69 | 1.78 | 113.60 | 1.84 | 16.70 | |||||||||
Project | Resource Category | Tonnes (Mt) |
Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Cu (Blbs) |
Mo (Mlbs) |
Au (Mozs) |
Ag (Mozs) |
|||||||||
Schaft Creek (2) | Inferred | 597.19 | 0.22 | 0.02 | 0.17 | 1.65 | 0.72 | 50.73 | 0.84 | 7.90 | |||||||||
Van Dyke (3) | Inferred | 261.68 | 0.25 | 0.00 | 0.00 | 0.00 | 1.44 | 0.00 | 0.00 | 0.00 | |||||||||
Eaglehead (4) | Inferred | 102.50 | 0.29 | 0.01 | 0.08 | 0.00 | 0.33 | 11.52 | 0.13 | 0.00 | |||||||||
Total | Inferred | 961.37 | 2.49 | 62.25 | 0.97 | 7.90 |
Copper in billions of pounds, molybdenum in millions of pounds, gold and silver in millions of ounces.
Numbers rounded to reflect best practise principles.
(1) & (2) Technical Report "Feasibility Study on the Schaft Creek Project, BC, Canada", dated January 23, 2013, prepared by Tetra Tech, A. Farah, P. Eng.; et al as Qualified Persons; at 0.15% CuEq cutoff. Reserves reported at $6.60/tonne net smelter return (NSR) cutoff.
(3) "Technical Report and Resource Estimation for the Van Dyke Copper Project", dated January 30, 2015 prepared by Moose Mountain Technical Services, S. Bird, P.Eng and R. Lane, P. Geo as Qualified Persons; at 0.05% TCu cutoff.
(4) "Technical Report on the Eaglehead Cu-Mo-Au Project, British Columbia, Canada", dated June 29, 2012, prepared by Roscoe Postle Associates Inc., B. Donough, P.Geo and D. Rennie, P.Eng as Qualified Persons; at 0.16% CuEq cutoff.
Note: Above stated Proven and Probable reserves are included in the Measured and Indicated resources reported for the Schaft Creek Project. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
For further information on these projects, please refer to the Company's website at www.copperfoxmetals.com.
http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-provides-update-of-activities-tsx-venture-cuu-201507281018922001