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%)
Message: More exposure for us
Copper Fox shares up on Van Dyke PEA
MINING.COM Staff Writer | January 13, 2021 | 10:56 am Exploration News USA Copper
Exploration work at the Van Dyke copper deposit (Credit: Copper Fox Metals)
Copper Fox Metals (TSXV: CUU) announced results from an Preliminary Economic Assessment for its Van Dyke copper project located in Miami, Arizona.
The PEA results include a mine life of 17 years, with copper production of 1.1 billion pounds – compared to 456.9 from 2015 PEA – with peak production of 85Mlbs annually in years 2-12, and initial capital expenditure of $290.5m, including a 30% contingency.
SIGN UP FOR THE COPPER DIGEST
Sign Up
“The significant increase in valuation over that obtained in the 2015 PEA is a function of the 2020 resource estimate, a better understanding of metallurgical and geological characteristics of the deposit and adopting a phased approach to project development,” said Elmer Stewart, Copper Fox CEO.
MIDDAY WEDNESDAY, COPPER FOX’S STOCK WAS UP 10% ON THE TSXV
“Van Dyke has the potential to become a significant project in the mid-size copper development space.”
Underground mining operations at Van Dyke are reported to have produced 11.8 million pounds of copper between 1929 and 1945 with a reported grade of 5.0% copper.
Earlier this month, Copper Fox announced that it will acquire the Eaglehead property in British Columbia from District Copper.
The deal entails the purchase of the six contiguous mineral claims totalling 15,956 hectares that comprise Eaglehead.
Eaglehead is an early-to-intermediate-stage exploration project that hosts a calc-alkalic porphyry copper-molybdenum-gold-silver system.
Midday Wednesday, Copper Fox’s stock was up 10% on the TSXV. The company has a C$200 million market capitalization.
https://www.mining.com/copper-fox-shares-up-on-van-dyke-pea/
herbie1
New Message
Please
login
to post a reply