Projects

Overview

Copper Fox holds a diversified portfolio of copper assets which provide shareholders with investment exposure to projects at various stages of the copper industry.  The Company has been successful in creating value through the development of both our advanced as well as our exploration stage assets, while eliminating the inherent risk associated with holding a single project.

Within the two most advanced stage projects, Schaft Creek and Van Dyke, Copper Fox has ownership of significant quantities of copper, gold, molybdenum and silver.

Advanced Stage:

Schaft Creek - British Columbia, Canada

  • The Schaft Creek project is managed through the Schaft Creek Joint Venture (SCJV), Copper Fox holds a 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 NW British Columbia referred to as the “Golden Triangle”.
  • The porphyry style 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 PEA Click here for PEA significantly increased the valuation over the 2013 FS, reporting a post-tax NPV8% of US$842 M, an IRR of 12.9%, producing 5.0 B lbs of copper, 3.7 M oz of gold, 226.0 M lbs of molybdenum and 16.4 M oz of silver over a 21 year mine life.  
  • The 2022 program includes 5,000m of drilling, metallurgical and geotechnical testwork, collection of environmental baseline data, further study of the construction timeline and permitting requirements based on the current project design.  The 2022 budget is estimated to be C$6.6 million.

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 and 5.75 hectares of surface rights, located in the Globe-Miami Mining District, approximately 145 kilometers east of Phoenix.
  • Van Dyke is referred to as an In-Situ Copper Recovery (ISCR) project that utilizes in-situ leaching to recover soluble copper.  The ISCR process is currently in use in several other copper projects in Arizona.
  • The 2019 analytical program involved updating the geological model and completion of an updated resource estimate, which has established for the first time an Indicated Mineral Resource.  Click here for Resources.
  • The 2020 PEA Click here for PEA  reported a post-tax NPV7.5% of US$645 M, an IRR of 43.4%, producing 1.1 B lbs of copper over a 17 year mine life.
  • The 2022 program for the Van Dyke project is currently in preparation and will be announced when finalized.

Exploration Stage:

The Sombrero Butte, Mineral Mountain and Eaglehead copper projects represent early-stage exploration projects.  The properties are situated in the highly prospective Laramide age copper belt of Arizona and the Liard Mining Division in British Columbia, these mining districts host numerous past and currently producing copper deposits.

Sombrero Butte - Arizona, USA

  • Copper Fox owns a 100% interest in the Sombrero Butte porphyry copper project, comprised of 1,179 hectares located in the Bunker Hill Mining District east of Mammoth, Arizona and approximately 3 kilometers south of the Copper Creek porphyry copper deposit owned by Copperbank.
  • The property contains two main clusters of mineralized breccia pipes which are interpreted to be associated with one or more porphyry systems at depth.
  • Historical copper production from the property 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%.
  • Several mineral intervals from the beccia pipes drilled by a previous operator yielded the following results:
    • Magma SB-02:  76m of 0.61% Cu
    • Audacious SB-14:  62m of 1.43% Cu
    • Magma SB23:  48m of 1.27% Cu
  • Two large chargeability anomalies have been located and exhibit a spatial association with the mineralized breccia pipes, alteration and Cu-Mo vein hosted mineralization in outcrop.
  • An airborne high sensitivity magnetic/radiometric survey is planned in 2022.  Cost of the survey is estimated to be C$35,000.

Mineral Mountain - Arizona, USA

  • Copper Fox owns a 100% interest in the Mineral Mountain porphyry copper project, comprised of 1,751 hectares located in the Mineral Mountain Mining District east of Florence, Arizona.
  • The project is located on a 100 kilometer long, ENE structural trend that hosts the Casa Grande, Florence, Resolution and Globe-Miami copper deposits.
  • The main target is a 4,500m long by up to 2,000m wide zone of Cu-Mo mineralization containing over 600 copper showings and the alteration and geophysical signature of a porphyry copper system.
  • A second area of Cu-Mo mineralization occurs in a NE trending area approximately 2,800m long by 400m wide characterized by malachite and chrysocolla hosted in quartz veins and fractures.
  • A 2021 geophysical survey outlined a large positive chargeability anomaly that shows a strong spatial association to the Cu-Mo mineralization.
  • A combined airborne high sensitivity magnetic/radiometric survey is planned in 2022.  Contingent on the results of the airborne survey, a detailed Induced Polarization survey may be conducted over the project.  Total budget, assuming both geophysical surveys are completed, is estimated to be C$220,000.

Eaglehead - British Columbia, Canada

  • Copper Fox acquired a 100% ownership of the Eaglehead project in April 2021.
  • The project is located 50km east of Dease Lake and covers 15,712.9 ha of the lower Jurassic Eaglehead stock.
  • An 8km long porphyry copper-gold-molybdenum-silver footprint and five late stage intrusives exhibiting potassic alteration.
  • 36,606m of diamond drilling - 120 mineralized holes.
  • 2021 Induced Polarization survey outlined an open-ended 2,500m by 1,200m positive chargeability anonamly north of the Camp-Pass zones that correlated with widespread copper mineralization on surface and a strong Cu-Mo in-soil geochemical anomaly.
  • A 2,500m drilling program, metallurgical testwork, water quality and archeological activities are planned in 2022 at an estimated cost of $830,000.