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Projects

Overview

Copper Fox has assembled a balanced portfolio of two advanced stage and three exploration stage copper projects in Tier 1 mining districts in Canada and the United States.  The Company has been successful in creating value through the development of its advanced stage projects while maintaining sustainability by advancing its exploration stage projects.

Advanced Stage Projects

Schaft Creek - British Columbia, Canada

  • The Schaft Creek project is managed through the Schaft Creek Joint Venture (‘SCJV’), Copper Fox holds 25% interest while Teck Resources Limited is the Operator and holds 75% interest.
  • Schaft Creek comprises 56,180 hectares and is one of the largest undeveloped porphyry copper-gold-molybdenum-silver deposits in North America, located in an area of northwestern British Columbia referred to as the “Golden Triangle”.
  • The mineralization contains significant quantities of copper, gold, molybdenum and silver.  The tonnes and average metal grades are included in the 2020 Mineral Resource Estimate Update (click here for Resources).
  • The 2021 Preliminary Economic Assessment significantly increased the valuation over the 2013 Feasibility Study, reporting an after-tax NPV 8% of US$842 M, an IRR of 12.9%, producing 5.0 Blbs of copper, 3.7 Moz of gold, 226.0 Mlbs of molybdenum and 16.4 Moz of silver over a 21 year mine life (click here for PEA).  
  • The 2023 program is budgeted at CA$17.2 M and includes 9,000 metres (‘m’) of geotechnical drilling, metallurgical testwork, monthly collection of environmental baseline data, further investigation of the pre-production construction timeline, permitting requirements and ongoing consultation with the Tahltan Nation.

Van Dyke - Arizona, USA

  • Copper Fox owns a 100% working interest in the Van Dyke copper project, consisting of 531.5 hectares of mineral rights located in the Globe-Miami Mining District, approximately 145 kilometers (‘km’) east of Phoenix, Arizona.
  • Van Dyke is an in-situ copper recovery (‘ISCR’) project that utilizes in-situ leaching to recover soluble copper.  The ISCR process is currently being tested at several other copper projects in Arizona.
  • The 2020 Updated Resource Estimate established for the first time an Indicated mineral resource (click here for Resources).
  • The 2020 Preliminary Economic Assessment reported an after-tax NPV 7.5% of US$645 M, an IRR of 43.4%, producing 1.1 Blbs of copper over a 17 year mine life (click here for PEA).
  • The 2023 program is underway with the goal of advancing the project to the Preliminary Feasibility Study stage.

Exploration Stage Projects

Copper Fox owns a 100% interest in three prospective exploration stage porphyry copper projects. Eaglehead is an advanced-stage exploration project and reached a milestone in 2023 with completion of a resource estimate which, for the first time, reported an Indicated mineral resource.  Eaglehead is located in the Liard Mining Division in northwestern British Columbia. The Sombrero Butte and Mineral Mountain projects represent early-stage exploration projects situated in the highly prospective Laramide age copper belt of Arizona.  These projects are located in established mining districts that host numerous past and currently producing large copper deposits.

Eaglehead - British Columbia, Canada

  • Eaglehead porphyry copper project covers 15,851 hectares (158.3 km2) of the Lower Jurassic age Eaglehead Pluton located in the Liard Mining Distrct, 50 km east of Dease Lake, British Columbia.
  • The porphyry copper-gold-molybdenum-silver mineralization is located within an 8 km long by 3 km wide mineralized corridor that hosts four open-ended porphyry copper deposits and two areas of porphyry style mineralization.
  • The 2023 mineral resource estimate established for the first time an Indicated mineral resource category as well as a large Inferred mineral resource (click here for Resources).
  • A total of 63 occurrences of porphyry copper-gold-molybdenum-silver mineralization have been located in outcrop over an area measuring approximately 2 km by 1.5 km north of the Pass and Camp zones.
  • 36,606 m of diamond drilling - 120 mineralized drillholes out of 126 diamond drillholes.
  • 2021 Induced Polarization survey outlined an open-ended 2,500 m by 1,200 m positive chargeability anomaly north of the Pass-Camp zones that correlate with widespread copper mineralization on surface and a strong Cu-Mo in-soil geochemical anomaly.

Sombrero Butte - Arizona, USA

  • Sombrero Butte porphyry copper project, comprised of 1,179 hectares, is located in the Bunker Hill Mining District east of Mammoth, Arizona and approximately 3 km south of the Copper Creek porphyry copper deposit.
  • The property contains multiple clusters of mineralized breccia pipes which are interpreted to be associated with one or more porphyry systems at depth.
  • Historical copper production occurred from 1903-1920 at the Magma Chief Mine with ‘low-grade’ ore assaying 3-5% and ‘higher-grade’ ore along open cuts and tunnels assaying 20-33%.
  • Historical drilling of the mineralized breccia pipes yielded the following results:
    • Magma SB-02:        76m of 0.61% Cu
    • Audacious SB-14:  62m of 1.43% Cu
    • Magma SB-23:        62m averaging 1.06% Cu, 0.022% Mo, 0.07 g/t Au and 3.17 g/t Ag
  • Two large chargeability anomalies exhibit a spatial association with the mineralized breccia pipes, alteration, and Cu-Mo vein hosted mineralization.
  • The 2022 combined airborne high sensitivity magnetic/radiometric survey indicated the chargeability anomalies are located in the footwall of a regional scale N30W trending fault system. 
  • The planned 2023 airborne high sensitivity alteration mapping survey has been completed, results are being compiled.

Mineral Mountain - Arizona, USA

  • Mineral Mountain porphyry copper project, comprised of 1,751 hectares, is located in the Mineral Mountain Mining District east of Florence, Arizona.
  • The project is located on a 100 km long, prolific ENE structural trend that hosts the Casa Grande, Florence, Resolution and Globe-Miami porphyry copper deposits.
  • The main target is a 4,500 m long by up to 2,000 m wide zone of Cu-Mo mineralization containing over 600 copper showings and the alteration and geophysical signature of a buried porphyry copper system.
  • The 2022 combined airborne high sensitivity magnetic/radiometric survey identified several cylinder-shaped bodies located within the coincident chargeability anomaly.
  • The planned 2023 mapping and deep penetrating geophysical survey have been completed, results are being compiled.