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Projects

Overview

Copper Fox has assembled a balanced portfolio of copper exploration and more advanced stage development assets which provides its shareholders exposure to various stages of the copper industry ranging from early-stage exploration to more advanced development stage projects.  The Company has been successful in creating value in its development stage projects while maintaining sustainability by advancing its exploration stage projects.

Development 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 copper mineralization contains significant quantities of 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 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.  
  • The 2022 program completed 4,688m of drilling for metallurgical and geotechnical test work purposes, collection of environmental baseline data, further study of the construction timeline and permitting requirements based on the current project design, and upgrading of camp facilities to support future drilling programs.  The 2022 budget was approved at 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 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.
  • The 2022 program is designed to advance the project to the preliminary feasibility stage.  Phase I of the two phase program consists of re-habilitation of existing wells, if possible, to establish a broader water monitoring network across the project and is estimated to cost US$240,000.  Phase II consists of drilling additional monitoring wells based on the results of Phase I.  Costing of Phase II would be completed prior to commencing the program.

Exploration Stage Projects:

The Sombrero Butte and Mineral Mountain projects represent early-stage copper exploration projects.  The properties are situated in the highly prospective Laramide age copper belt of Arizona.  The Eaglehead project is an advanced-stage copper exploration project located in the Liard Mining Division in British Columbia.  These projects are located in established mining districts that host numerous past and currently producing large 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.
  • The property contains two main clusters of mineralized, magmatic breccia pipes which are interpreted to be associated with one or more porphyry systems at depth.
  • Historical copper production from the breccia pipes 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 historical analytical results:
    • Magma SB-02:  76m of 0.61% Cu
    • Audacious SB-14:  62m of 1.43% Cu
    • Magma SB23:  62m averaging 1.06% Cu, 0.022% Mo, 0.07 g/t Au and 3.17 g/t Ag
  • 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.
  • The combined airborne high sensitivity magnetic/radiometric survey completed in 2022 indicated the chargeability anomalies are located in the footwall of a regional scale N30W trending fault system.  

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 porphyry 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 buried 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 at a depth of approximately 300m.
  • The combined airborne high sensitivity magnetic/radiometric survey completed in 2022 identified several cylinder shaped bodies located within the coincident chargeability anomaly and are of copper mineralization.

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 16,492.6 ha of the Lower Jurassic age Eaglehead stock.
  • Hosts an 8km long porphyry copper-gold-molybdenum-silver footprint and five interpreted late stage intrusives exhibiting potassic alteration.
  • 36,606m of diamond drilling - 120 mineralized holes out of 126 diamond drill holes.
  • 2021 Induced Polarization survey outlined an open-ended 2,500m by 1,200m positive chargeability anomaly north of the Camp-Pass zones that correlated with widespread copper mineralization on surface and a strong Cu-Mo in-soil geochemical anomaly.
  • The 2022 program extended the limits of the mineralized envelope in five drill holes, located 8 new copper showings, continued water sampling and updated the geological map for the southwest portion of the Eaglehead Intrusive.  The planned 2,500m drilling program was delayed unitl 2023 due to the late receipt of the Mines Act Permit required to conduct drilling activities.