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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: Christmas Eve, 2014

2013 Summer - JV with Teck. Teck started a drilling program.

Dec 2013 - Results from drilling program announced.

 

2014 - proposed series of studies that cost $2.5 million to Teck for 2014.

http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-commences-drilling-program-at-van-dyke-and-announces-the-2014-schaft--tsx-venture-cuu-201403190934311001

Teck Resources Limited ("Teck") as operator of the Schaft Creek Joint Venture has recommended a comprehensive series of studies to review all aspects (including metallurgical, pit slope design, geological modelling and environmental) of the Schaft Creek project. The objective is to review all data collected on the Schaft Creek project to the end of 2013 to update and optimize various parameters of the project. The studies will be conducted internally by Teck and outside consultants will be retained if and when necessary.

The 2014 program also has a field program planned of mapping and re-logging core to obtain a better structural understanding of the Schaft Creek deposit for pit slope design purposes. Environmental monitoring studies will continue through 2014. The 2014 program is estimated to cost approximately $2.5 million

This continued to 2015.

 

2015 - continue studies and drill lacasse zone.

http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-annnounces-2015-schaft-creek-program-tsx-venture-cuu-201503170997140001

 

2015 July Update

Schaft Creek:

 

  1. The management committee meeting of the Schaft Creek Joint Venture was held in mid-July,
  2. Drilling has commenced on the LaCasse zone, one hole has been completed and the second drill hole of the program is in progress,
  3. Collection of the samples for geometallurgical studies is underway, and
  4. Work on the other aspects of the optimization studies undertaken in 2015 are ongoing.

2015 Oct. Update

Schaft Creek:

 

  1. The management committee meeting of the Schaft Creek Joint Venture was held in late October,
  2. A total of 2,634 metres ('m') were completed in five diamond drill holes in the LaCasse zone,
  3. Drilling in the LaCasse zone intersected numerous intervals of low grade copper mineralization. The mineralized intervals where present were intruded by a considerable number of late stage barren syenite and andesite dikes,
  4. A study of the surficial geology of the proposed tailing impoundment area in the Skeeter Valley was completed, results pending,
  5. 100 samples were collected for geometallurgical testwork representing the variation of the lithologies and alteration across the Schaft Creek deposit, results pending,
  6. The results of geotechnical, comminution and electrical optimization studies are similar to those presented in the feasibility study completed in 2012, and
  7. An additional 11,800m of historical core has been logged and the data is being incorporated into the geological model. This work over the past several years has identified several targets located north and south of the Schaft Creek deposit that require additional evaluation.

2016

http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-annnounces-2016-schaft-creek-program-tsx-venture-cuu-201603301048502001

 

2016 Program:

 

Resource Model

 

This aspect of the 2016 work program includes incorporating the work completed in 2014 and 2015 to update the resource model for the Schaft Creek deposit. This phase of the program will emphasize getting a better understanding of the precious metals content of the deposit.

 

 

Studies...not just one.  It's a continuation of work.  Would you spend billions on a property without looking into every detail? 

 

 

 

 

 

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