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http://copperfoxmetals.mwnewsroom.com/manual-releases/2011/07/Drilling-Intersects-1-18-Copper-Equivalent-Over-1
Copper Fox acquired 2,388 common shares of Liard Copper Mines Ltd. ("Liard"), a private company incorporated in BC from Mr. Gary Bird for a cash payment of $30,506.70 and 14,391 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited ("Teck") owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive feasibility study, Copper Fox will acquire Teck's 78% interest in Liard.
- Copper Fox has acquired an additional 2,388 common shares of Liard Copper Mines Limited ("Liard") bringing its total interest in Liard to 1.47%.
Copper Fox acquired 26,954 shares of Liard Copper Mines Ltd. (Liard), a private company incorporated in BC from Mrs. Mary Elizabeth Dunn for a cash payment of $269,540 and 245,000 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited (Teck) owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive Feasibility Study, Copper Fox will acquire Teck's 78% interest in Liard. The shares acquired by Copper Fox as a result of this transaction with Mrs. Dunn represent approximately 1.47% of the issued and outstanding shares of Liard.
Xstrata acquired 10.72% of the Liard shares when they purchased 100% of Falconbridge in 2006.
Copper fox owns approximately 2% of the Liard shares in two separate purchases.
Maybe a few weeks behind but it looks like they started with one drill rig like they always do.
http://agoracom.com/ir/CopperFoxMetals/forums/discussion/topics/646569-anybody-has-up-to-date-info-about-the-drilling-in-lacasse-to-share/messages/2029415#message
July 28, 2015
Copper Fox Provides Update of Activities
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) and its wholly owned subsidiaries Desert Fox Copper Inc. ("Desert Fox") and Northern Fox Copper Inc. ("Northern Fox") are pleased to provide an update on activities. Highlights are as follows:
Schaft Creek:
- The management committee meeting of the Schaft Creek Joint Venture was held in mid-July,
-
Drilling has commenced on the LaCasse zone, one hole has been completed and the second drill hole of the program is in progress, - Collection of the samples for geometallurgical studies is underway, and
- Work on the other aspects of the optimization studies undertaken in 2015 are ongoing.
Van Dyke:
- The main concepts for the various aspects of the Preliminary Economic Assessment have been established,
- Optimization of the various components of the main concepts are now underway, and
- The Preliminary Economic Assessment is expected to be completed before the end of 2015.
Eaglehead:
- The first drill hole; DDH-125 tested the chargeability signature on Line-4, outlined by the 2014 Titan-24 survey, and was completed to a depth of 609m. Detailed core logging and sampling of this hole is in progress, and
- Detailed core logging and either sampling for the first time or re-sampling previously sampled intervals of the historical drill holes located within the Pass Zone is ongoing.
Sombrero Butte:
- The Quantec Titan 24 geophysical exploration program over the 4,000m long surface target identified in 2013 has been completed, results for the survey are pending.
Elmer B. Stewart, President and CEO of Copper Fox stated, "We are pleased to be advancing exploration on all four of our projects. In addition to our exploration activities, the optimization studies currently underway at Schaft Creek and the Preliminary Economic Assessment on the Van Dyke project are more detailed in nature and are focused on improving the estimated value of both projects. Results of the work on all of the projects will be released when received."
Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's nominated non-independent Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release.
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX VENTURE:CUU) focused on copper in Canada and the United States with offices in Calgary, Alberta and Miami, Arizona. Copper Fox has four primary assets with associated resources and reserves as noted below:
- 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia.
- 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.
- 50.97% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northwestern British Columbia.
- 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.
Mineral Reserves
Reserve Estimate Data
Copper Fox Share Metal Holdings
Project
Reserve Category
Tonnes
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Cu
(Blbs)
Mo
(Mlbs)
Au
(Mozs)
Ag
(Mozs)
Schaft Creek (1)
Proven & Probable
940.81
0.27
0.02
0.19
1.72
1.40
93.31
1.44
12.98
Mineral Resources
Resource Estimate Data
Copper Fox Share Metal Holdings
Project
Resource Category
Tonnes
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Cu
(Blbs)
Mo
(Mlbs)
Au
(Mozs)
Ag
(Mozs)
Schaft Creek (2)
Measured & Indicated
1,228.60
0.26
0.02
0.19
1.69
1.78
113.60
1.84
16.70
Project
Resource Category
Tonnes
(Mt)
Cu
(%)
Mo
(%)
Au
(g/t)
Ag
(g/t)
Cu
(Blbs)
Mo
(Mlbs)
Au
(Mozs)
Ag
(Mozs)
Schaft Creek (2)
Inferred
597.19
0.22
0.02
0.17
1.65
0.72
50.73
0.84
7.90
Van Dyke (3)
Inferred
261.68
0.25
0.00
0.00
0.00
1.44
0.00
0.00
0.00
Eaglehead (4)
Inferred
102.50
0.29
0.01
0.08
0.00
0.33
11.52
0.13
0.00
Total
Inferred
961.37
2.49
62.25
0.97
7.90
Copper in billions of pounds, molybdenum in millions of pounds, gold and silver in millions of ounces.
Numbers rounded to reflect best practise principles.
(1) & (2) Technical Report "Feasibility Study on the Schaft Creek Project, BC, Canada", dated January 23, 2013, prepared by Tetra Tech, A. Farah, P. Eng.; et al as Qualified Persons; at 0.15% CuEq cutoff. Reserves reported at $6.60/tonne net smelter return (NSR) cutoff.
(3) "Technical Report and Resource Estimation for the Van Dyke Copper Project", dated January 30, 2015 prepared by Moose Mountain Technical Services, S. Bird, P.Eng and R. Lane, P. Geo as Qualified Persons; at 0.05% TCu cutoff.
(4) "Technical Report on the Eaglehead Cu-Mo-Au Project, British Columbia, Canada", dated June 29, 2012, prepared by Roscoe Postle Associates Inc., B. Donough, P.Geo and D. Rennie, P.Eng as Qualified Persons; at 0.16% CuEq cutoff.
Note: Above stated Proven and Probable reserves are included in the Measured and Indicated resources reported for the Schaft Creek Project. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
For further information on these projects, please refer to the Company's website at www.copperfoxmetals.com.
http://copperfoxmetals.mwnewsroom.com/press-releases/copper-fox-provides-update-of-activities-tsx-venture-cuu-201507281018922001
Drilling usually starts with one drill rig sometine in the month of May, if there are no delays then the first drill hole would have been completed by now. JMHO
"The only leverage Teck has with Chile is to make a decision to spend their money elsewhere. They will have a plan B, which typically is to select their next best project and run with it."
The next best project Teck has after QB2 is the Relincho project which is also located in Chile.
Here is a description
ASTER Imagery Study:
ASTER (Advanced Spaceborne Thermal Emission Reflection) Imagery is commonly used to map specific types of alteration in bedrock that indicated the possible presence of mineralization. The ASTER study completed at Schaft Creek identified two zones of clay alteration. The first zone occurs in an area that extends from the north end of the GK zone to the ES zone. Mapping and prospecting within this zone of clay alteration has located chalcopyrite mineralization in outcrop and chalcopyrite-bornite mineralization in boulders and stream beds draining the zone. The second zone is located approximately 4 kms southwest of the Schaft Creek deposit, is roughly circular in shape and covers an area that measures 3.0kms by 1.5kms.
http://copperfoxmetals.mwnewsroom.com/manual-releases/2012/08/Copper-Fox-Drilling-Extends-Mineralization-In-Disc