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 Amercia, located in an area of NW British Columbia referred to as the “Golden Triangle”.
  • Three main zones of porphyry mineralization have been identified and contain significant quantities of copper, gold, molybdenum and silver and are included in the 2020 Mineral Resource Estimate Update.  Click here for Resources
  • The 2021 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 technical report will be filed on SEDAR and posted on our website in early November.

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 soluable 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 significantly increased the valuation over the 2015 PEA, reporting 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.

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 is earning 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 underlying porphyry systems.
  • 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
  • The project has advanced to the geophysical exploration stage to test the mineralized targets at depth.

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 in the middle of a 100 kilometer long, ENE structural trend that hosts the Casa Grande, Florence, Resolution and Globe-Miami copper deposits.
  • Work in 2019 outlined a 4,500m long by up to 2,000m wide area containing 600 copper showings that exhibit the mineralization, alteration and geophysical signature of a porphyry copper system.
  • A second area of copper 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.
  • Three zones of copper-molybdenum mineralization were identified from the 2019 exploration program, which all show a positive correlation with a historical chargeability-resistivity body.
  • The project has advanced to the geophysical exploration stage to test the mineralized targets at depth.

Eaglehead - British Columbia, Canada

  • Copper Fox acquired the Eaglehead project in April 2021 from District Copper Corp.
  • Located 48km east of Dease Lake, covering 15,956 ha, the project is similiar to the Schaft Creek project.
  • 8km long porphyry copper-gold-molybdenum-silver footprint
  • 36,606m of diamond drilling - 120 mineralized holes
  • 2021 work program that includes an Induced Polarization survey and mapping, sampling and prospecting program contemplating a $700,000 budget.