Copper Fox Files Van Dyke Technical Report
posted on
Dec 24, 2015 08:01AM
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%)
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 24, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to report that it has filed on SEDAR a National Instrument 43-101 ("NI 43-101") technical report related to the Preliminary Economic Assessment ("PEA") on its Van Dyke copper project located in Miami, Arizona. The Technical Report titled "NI 43-101 Preliminary Economic Assessment Technical Report for the Van Dyke Copper Project" dated December 18, 2015, was prepared by Moose Mountain Technical Services ("MMTS"). The authors of the report are James (Jim) H. Gray, PEng, Tracey D. Meintjies, PEng, and Susan C. Bird, MSc, PEng of MMTS who are "Qualified Persons" as defined by NI 43-101 standards. The PEA for the Van Dyke project was disclosed in a previous news release dated November 25, 2015.
Elmer B. Stewart, President and CEO of Copper Fox stated, "We are very pleased with the positive results and recommendations of the PEA. This PEA is preliminary in nature and should not be considered to be a pre-feasibility or feasibility study, as the economics and technical viability of the Van Dyke Copper Project have not been demonstrated at this time."
The PEA's recommendations that could have a significant positive impact on mine life and project economics include:
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX-V: CUU) focused on copper exploration and development in Canada and the United States. Copper Fox has four primary assets as noted below:
On behalf of the Board of Directors
Elmer B. Stewart, President and Chief Executive Officer