Re: SC News Out!

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

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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MoneyK

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Re: SC News Out!

in response to

SC News Out!

MoneyK

posted on Nov 24, 2020 08:23AM

Mr. Elmer Stewart, President and CEO said, “The PEA will provide important technical and economic updates on the Schaft Creek Project up to 2020. When compared to the January 23, 2013 Feasibility Study, the PEA incorporates changes to the mine plan, operating and capital costs, design improvements, updated metal pricing and USD:CAD currency exchange assumptions. The recent studies have identified a number of opportunities to lower capital and operating costs that enhances the value of the project. The PEA will provide Copper Fox an updated reference point from which to establish a strategy of maximizing the value of this asset to its shareholders.”