Terms that LOOK positive in thisNR:

Laramide, Oxidation as oppose to Less Desiable sulphide, and Element in Supergene Zones:

Florance AZ

""covellite and chalcocite due to weathering/oxidization/enrichment processes (supergene) that were active after the Laramide hydrothermal event. The abundance of chalcocite and rare covellite suggests the lower portion of the supergene zone.

Late Stage Intrusives:

Three distinct magnetic bodies ranging in size from ap

• The Laramide age intrusive exhibits a positive magnetic signature; that dips to the east under the Precambrian age two mica granite.
• Three distinct bodies of higher magnetic intensity; interpreted to be late stage felsic intrusives are located along the eastern and northern portions of the Laramide /Precambrian contact (Image #1).
• The 2,900 meter (‘m’) long by 1,300m wide positive chargeability anomaly identified in 2021, transitions to a stronger chargeability signature at depths ranging from approximately 250m in the northeast end to a depth of approximately 400m at the southwest end of the survey area. The interpreted late stage felsic intrusives are located within the stronger chargeability signatures.
• The chargeability anomaly, late-stage felsic intrusives and copper-molybdenite mineralization are all located within a, strong, well defined, NE trending positive Th/K anomaly. The Th/K anomaly is located along the eastern and northern portions of the Laramide age intrusive (Image # 2).
• The survey indicates that further exploration should be completed northeast of Target #2 and identified two new exploration targets.

Elmer B. Stewart, President, and CEO of Copper Fox, stated, “The strong spatial correlation between the copper-molybdenite mineralization, chargeability anomaly, alteration pattern and interpreted late-stage felsic intrusives all located within the large, Th/K anomaly provides significantly better information on which to base a future drilling program. These features and estimated depth to the top of the higher chargeability signature is consistent with features of a buried porphyry system and compliment the geochemical vectoring study completed in 2019.

Geological Model:

The geological model consists of a multi-phase Laramide age intrusive (69.7 +/- 0.4 Ma; U/Pb zircon) with mineralized and non-mineralized granodiorite phases and a mineralized quartz monzonite phase intruding Precambrian rocks.

Mapping, petrographic and mineralogic studies have identified an early potassic phase, overprinted by pervasive sericite and late stage propylitic alteration and transformation of primary chalcopyrite to secondary malachite, covellite and chalcocite due to weathering/oxidization/enrichment processes (supergene) that were active after the Laramide hydrothermal event. The abundance of chalcocite and rare covellite suggests the lower portion of the supergene zone.

Late Stage Intrusives:

Three distinct magnetic bodies ranging in size from approximately 200m x 500m to 750m x 1,800m occur along the eastern and northern Laramide/Precambrian contact. These bodies are characterized by increased magnetite content typically associated with potassic alteration related to a porphyry copper system and are interpreted to be the source intrusions for the porphyry copper-molybdenite mineralization/alteration exposed on surface. These bodies underly the copper-molybdenum mineralization exposed on surface and are located within the outline of the significantly higher chargeability signature at depths ranging from 250m to 400m below surface.///,,,,""

Nice Info 

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