http://sedar.com/CheckCode.do;jsessionid=0000cuCjRMRX1jaUTZ7mb8ReXqT:-1
some interesting bits:
1) pg 2: New 2011 Claims: The Mineral Claims acquired in 2011 are subject to inclusion with the Schaft Creek project under the terms of the Area of Interest provision of the Teck Option Agreement. Copper Fox has incurred expenses of $3 million related to the new property acquisitions. The terms and conditions for the inclusion of these Mineral Claims into the Schaft Creek project have yet to be negotiated with Teck.
2) pg 3: Schaft Creek – An Emerging Porphyry Copper District?.... [DDH 422, Paramount Leakage zone] ...These mineralized intervals in conjunction with the technical aspects of the Schaft Creek Mineral Trend strongly suggest the presence of a porphyry copper environment with considerable mineral potential.
3) pg 4: Silver: Copper Fox is currently in discussion with Tetra Tech WEI Inc. regarding the inclusion of the revenue generated from the sale of silver contained in the copper concentrate sold from the Schaft Creek project. This represents a considerable amount of revenue over the mine life and should be included in order to provide a realistic valuation of the project. [RE3 in Q2]
4) pg 4 "Copper Fox’s objective is to complete the feasibility study on the Schaft Creek project in the first three months of 2012 and then commence the activities, such as power and road access, required to move the project forward. "
5) pg 5: Circular feature at Paramount: "The Titan-24 survey has delineated an interesting feature in the vicinity of the Paramount zone. The chargeability (with corresponding low resistivity) anomalies in the Paramount zone and the Mike zone defined an interpreted circular feature that coincides with a large circular shaped resistivity low. The south side of this circular feature correlated with the higher-grade zone of copper-gold-molybdenum-silver mineralization intersected by the 2010 and 2011 drilling.
6) pg 5: 2011 Drilling: "At the end of the 2011 drilling program, two significant aspects of the Schaft Creek project are, i) the size of the zone of high grade mineralization in the Paramount zone has not yet been fully defined despite a 280m step-out to the north and, ii) a new zone of copper mineralization that correlates with a chargeability anomaly approximately 1,200m north of the Paramount zone has been located. To provide an example of the potential size of the Paramount zone, DDH CF415-2011 a 280m step out to the north of the previous drilling intersected a 582m interval of mineralization including a 67m interval that averaged 1.10% copper equivalent."
7) pg 7 "Future Operations: Copper Fox plans to complete the feasibility study as soon as possible with an expected completion date by March 31, 2012. Copper Fox plans to complete an updated resource estimate to incorporate the analytical results of the 2011 drilling program. This work will not affect the feasibility study’s expected completion date.
The focus for Copper Fox at Schaft Creek during the three months starting March 1, 2012 will be to:
a) Complete the feasibility study on the Schaft Creek deposit by March 31, 2012;
b) Complete an updated current mineral Resource Estimation on the Paramount zone to include the 2011 results; and
c) Plan a program for 2012, which includes aspects of the road access, power line and securing diamond drills, geophysical equipment and personnel to complete additional field work in 2012. The 2012 program will be designed with as much flexibility possible to react to the decision Teck Resources Ltd make regarding its participation in the Schaft Creek project."
