skyaki's Profile

skyaki's Posts

Update on Mineral Mountain Copper Project in Arizona - FWIW...

Copper Fox Announces Update on Mineral Mountain Copper Project in Arizona



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 2, 2016) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide an update on the Mineral Mountain copper project located approximately 15 miles east of Florence, Arizona.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "The review of a number of historical exploration reports has significantly advanced our understanding of the property and has identified both porphyry copper and precious metal targets. The porphyry copper target is hosted in a Laramide age Quartz Monzonite, the main host rock for porphyry copper deposits in Arizona. The precious metal targets were previously mined for higher-grade gold-silver-base metal mineralization, but do not appear to have been explored for lower-grade precious metal mineralization."


Highlights:



  • Copper mineralization reported as copper carbonates, copper silicates, pyrite, chalcopyrite, chalcocite, and a few areas of disseminated molybdenite occurs over a 3,000 feet (ft) by 2,000 ft area of the Quartz Monzonite.

  • A 6,000 ft long by 2,500 ft wide chargeability/resistivity anomaly ("IP survey") is associated with the zone of surface copper-molybdenite mineralization in the Quartz Monzonite.

  • Soil geochemical surveys outlined five large areas of anomalous (greater than 100 ppm copper) copper values within the IP survey area.

  • Precious metal targets include four 10,000 ft to 15,000 ft long north-south oriented fissure vein systems that were previously mined for higher grade gold-silver mineralization.


Background:
Over the past few months a number of historical exploration reports (late 1960's to early 1980's) were obtained. The work completed in these reports covered various portions of the Mineral Mountain project. Historical exploration activities included bulldozer trenching, soil geochemical sampling, mapping, and Induced Polarization/Resistivity surveys.


The work completed by Copper Fox at Mineral Mountain indicated the presence of abundant copper oxides/copper silicates and chalcocite on surface within the above referenced trenched/mineralized areas. The presence of chalcocite suggests that supergene leaching has taken place and indicates the possibility for a higher grade chalcocite "blanket" at depth. Chalcocite blankets are a characteristic of some porphyry copper deposits in Arizona.


The precious metals targets consist of a series of four, 10,000 to 15,000 ft long and from 3 to 30 ft. wide, sub-parallel fissure vein systems (silicified wall rock, quartz veins, jasper) hosted in the Pre Cambrian Pinal Schist. These fissure vein systems were previously mined for pockets of higher grade gold-silver -base metal mineralization. A considerable number of shallow shafts, adits, and pits have been excavated along these fissure vein systems.


Geophysical Surveys:
An Induced Polarization/Resistivity survey was completed at a line spacing of 1,000 ft. The geophysical survey outlined a 6,000 ft long by 2,500 ft wide (open) chargeability/resistivity anomaly (greater than 10 millivolts/second ("mvs")) that coincides with four previously identified copper in soil geochemical anomalies. The interpretation of the surveys concluded that the chargeability/resistivity anomaly was due to a disseminated sulphide body with greater than 1% sulphide and that additional work was warranted.


Geochemical Surveys:
A soil geochemical survey completed over a portion of the project area identified five anomalies (greater than 100 ppm copper) described as i) Main Area (1,500 ft by 1,200 ft), ii) North Central (2,500 ft by 200 ft), iii) Vein Area (1,500 ft by 200 ft), and Zones 4 & 5 (no dimensions for these zones were noted in the report). These geochemical anomalies occur in the vicinity of the surface copper mineralization exposed in the Quartz Monzonite.


Historical Information:



  1. Historic information on mineralization within the Quartz Monzonite and soil geochemical surveys sourced from: report prepared for Charter Mining Corporation entitled "Preliminary Geological Survey, Mineral Mountain Project, Mineral Mountain Mining District, Pinal County, Arizona," dated March 12, 1981 prepared by L. Kersey (Geologist).

  2. Historic information on the geophysical survey sourced from: report prepared for Metals Petroleum and Hydraulic Resources Consulting Ltd. entitled "Report on Induced Polarization Survey, Gorilla Property, Pinal County, Arizona," dated November 15, 1970 prepared by F.J. Seyberg (Geophysicist).

  3. Historic information on the geochemical survey sourced from: report prepared for Marguerite Mines Ltd. (N.P.L.) entitled "Preliminary Report on Gorilla Property, Florence, Arizona," dated November 30, 1970 prepared by J.R. Glass (Geologist).

  4. Historic information on fissure vein systems sourced from: Masters of Science thesis, University of Arizona 1967 entitled "Geology of the Mineral Mountain Quadrangle, Pinal County, Arizona," prepared by E.A. Schmidt, pp. 64-65 and pp 69-82.

  5. Historic information on the location of the fissure vein systems sourced from: map attached to report prepared for Miami Copper Company entitled "Induced Polarization Survey Area 1, (Florence), Pinal County, Arizona," dated July 12, 1967 prepared by C.S. Ludwig (Geophysicist).


Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves 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-V: CUU) focused on copper exploration and development in Canada and the United States. Copper Fox and its wholly owned Canadian and United States subsidiaries, being Desert Fox Copper Inc. and Northern Fox Copper Inc., hold the assets listed below:



  1. 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.

  2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.

  3. 65.4% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northern British Columbia.

  4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.

  5. 100% ownership of the Mineral Mountain copper project located east of Florence, Arizona.


On behalf of the Board of Directors


Elmer B. Stewart
President and Chief Executive Officer


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Information
This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information in this news release include statements about the data, observations, and interpretations related to the presence of mineralization at the Mineral Mountain project including comments on the zone of surface copper mineralization, the chargeability/resistivity anomaly, the five zones of anomalous copper values in soils, the gold-silver mineralization in the fissure veins, and the low grade mineralization in the Quartz Monzonite.


In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.


Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: the zone of surface copper mineralization, the chargeability/resistivity anomaly, and the five zones of anomalous copper values in soils may not be indicative of a buried porphyry copper system; exploration of the project may not find copper mineralization in significant quantities or at all; the gold-silver mineralization in the fissure veins and the low grade mineralization in the Quartz Monzonite may not be indicative of a precious metal system; exploration of the project may not find precious metal mineralization in significant quantities or at all; the Company may require additional working capital sooner than predicted; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; and uncertainty as to timely availability of permits and other governmental approvals.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.


about 8 years ago
Re: I'm out! Wish you all the best going forward

To those of us that are leaving - good luck. It has been an - and still is - interesting ride.


Among the many things that puzzle me about this stock is that some days we trade 30 - 50 thousand shares; other days we trade upwards of a million.


Who is buying so many shares ? Why?


Who is selling so many? Why?


We rise to giddy heights of $.20 - sometimes even $.23!


Then, right back down again.


I don't get it.


I'm afraaid that I'm here 'til the end - whatever and whenever that might come.


GLTA

over 8 years ago
Real News

Copper Fox Annnounces 2016 Schaft Creek Program



VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 30, 2016) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to provide its shareholders with an outline of the 2016 program planned for the Schaft Creek project located in northwestern British Columbia.


Highlights:



  • Estimated cost of the 2016 program is approximately $0.7 million,

  • Resource modelling of the Schaft Creek deposit,

  • Environmental monitoring, and

  • Permitting and Social aspects of the project.


Elmer B. Stewart, President and CEO of Copper Fox, stated, "The work planned for 2016 is an extension of the past three years of work at Schaft Creek and will provide the Schaft Creek Joint Venture ("SCJV") with a better understanding of the project. We are very pleased with the progress to date on the Schaft Creek project."


2016 Program:


Resource Model


This aspect of the 2016 work program includes incorporating the work completed in 2014 and 2015 to update the resource model for the Schaft Creek deposit. This phase of the program will emphasize getting a better understanding of the precious metals content of the deposit.


Environmental


Ongoing environmental monitoring of the project is planned in 2016. This work will include the services of external consultants and will continue with field data collection including humidity cell tests and other environmental base line data.


Permitting/Social


This consists of an application for a Multi-Year Area Based Permit. These permits are for a period of five years and are intended to streamline the consultation and application process related to exploration of resource properties. The 2016 program also includes ongoing consultation with the Tahltan First Nations on social and cultural matters.


Current Activities:


Environmental Assessment/BC Hydro


The SCJV has voluntarily withdrawn the Schaft Creek project from the Environmental Assessment ("EA") process. The SCJV is of the opinion that keeping the EA active would not be significantly beneficial to the project at this time and there are no technical or procedural disadvantages to leaving the EA process and then re-entering at a later date. Separately, the SCJV has agreed that BC Hydro's current planning for overall transmission system upgrades would be facilitated in the shorter term by not including the specific load profile of the Schaft Creek project, which is still under evaluation. The project has therefore agreed to be removed from the interconnection queue, and it is expected that re-initiation of the load interconnection process in the future will not be an impediment to the project.


Comminution Work


The 2015-2016 throughput modelling for the Schaft Creek project has been completed. Throughput estimates for the various GeoMet Units (based on 50th percentile of hardness) range from 118 to 153 kt/d, while maintaining a 150 micron flotation feed size.


LaCasse Drilling


Compilation of the results from the 2015 drilling program indicated that the short intervals of higher grade copper mineralization intersected in 2015 and the 74m at 0.5% Cu in DDH 2012CF427 in the Discovery zone are analogous to the styles of mineralization in the Paramount zone. This suggests potential for discovering larger zones of mineralization in the LaCasse-Discovery target areas.


New Targets


Mapping and geophysical and geochemical surveys have identified the Grizzly target located north of the LaCasse target area as well as the Wolverine Creek target area adjacent to but south of the Schaft Creek deposit.


Modelling


The 3D lithology model has been updated and incorporates the re-logging efforts over the past three field seasons. Over 40% of the drill core from the deposit has now been re-logged. Further work includes upgrading the 3D structural model as well as 3D models for alteration, mineralization and geo-metallurgical zones.


Skeeter Lake


The surficial geological mapping of the proposed tailings impoundment area in the Skeeter Lake Valley has identified various surficial materials that could impact the infrastructure design. The 2015 mapping did not find any evidence to support the existence of a large slope sagging feature east of Skeeter Lake, previously reported in 2011.


Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves 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 exploration and development in Canada and the United States. Copper Fox and its wholly owned Canadian and United States subsidiaries, being Desert Fox Copper Inc. and Northern Fox Copper Inc., hold the assets listed below:



  1. 25% interest in the SCJV with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia.

  2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.

  3. 65.4% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northern British Columbia.

  4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.

  5. 100% ownership of the Mineral Mountain copper project located east of Florence, 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 (Blb)
Mo (Mlb)
Au (Moz)
Ag (Moz)

Schaft Creek (1)
Proven
135.40
0.31
0.018
0.25
1.81
0.23
13.43
0.27
1.97


Probable
805.41
0.27
0.018
0.19
1.70
1.18
79.88
1.24
11.01


P & P*
940.81
0.27
0.018
0.19
1.72
1.41
93.31
1.51
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 (Blb)
Mo (Mlb)
Au (Moz)
Ag (Moz)

Schaft Creek (2)
Measured
146.62
0.31
0.017
0.24
1.78
0.25
13.73
0.29
2.10


Indicated
1,081.94
0.26
0.017
0.18
1.68
1.53
101.35
1.56
14.58


M & I**
1,228.56
0.26
0.017
0.19
1.69
1.78
115.08
1.85
16.70

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
0.43
14.77
0.17
0.00

Total
Inferred
961.37




2.59
65.50
1.01
7.90

*Proven & Probable

**Measured & Indicated

Copper expressed in billions of pounds, molybdenum in millions of pounds, gold and silver in millions of ounces.

Numbers rounded to reflect best practise principles.

Note: Above stated Proven and Probable reserves are included in the Measured and Indicated resources reported for the Schaft Creek Project.

United States investors are advised that current Mineral Resources are not current Mineral Reserves and do not have demonstrated economic viability.

All figures are rounded to reflect the relative accuracy of the estimate and in keeping with "best practice 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 cut-off. Reserves reported at $6.60/tonne net smelter return (NSR) cut-off.

(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 cut-off.

(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 cut-off.

Cautionary Note to Investors


While the terms "measured (mineral) resource", "indicated (mineral) resource" and "inferred (mineral) resource" are recognized and required by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, investors are cautioned that except for that portion of mineral resources classified as mineral reserves, mineral resources do not have demonstrated economic viability. Investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be upgraded into mineral reserves. Additionally, investors are cautioned that inferred mineral resources have a high degree of uncertainty as to their existence, as to whether they can be economically or legally mined, or will ever be upgraded to a higher category.


On behalf of the Board of Directors


Elmer B. Stewart, President and Chief Executive Officer


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Information


This news release contains forward-looking statements within the meaning of the Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian securities laws (collectively, "forward-looking information"). Forward-looking information in this news release include statements about an estimated cost of $0.7 million for the 2016 program; gaining a better understanding of the Schaft Creek project; ongoing environmental monitoring of the Schaft Creek project, including external consultants, field data collection including humidity cell tests, and other environmental base line data; applying for a Multi-Year Area Based Permit; ongoing consultation with the Tahltan First Nations; postponing the Environmental Assessment process and the interconnection process; the potential for discovering larger zones of mineralization in the LaCasse-Discovery target areas; potential new targets; upgrading the 3D structural model as well as 3D models for alteration, mineralization and geo-metallurgical zones; and statements about Copper Fox's strategy, future operations, prospects and the plans of management.


In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.


Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: exploration of the projects may not find copper mineralization in significant quantities or at all; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; copper prices and demand may fluctuate; currency exchange rates may fluctuate; conditions in the financial markets may deteriorate; and uncertainty as to timely availability of permits and other governmental approvals.


A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.



over 8 years ago
Re: Where did the volume go?

Everything about Copper Fox is hard to figure out!

over 8 years ago
Copper Fox Files Van Dyke Technical Report

December 24, 2015

Copper Fox Files Van Dyke Technical Report on SEDAR



VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 24, 2015) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to report that it has filed on SEDAR a National Instrument 43-101 ("NI 43-101") technical report related to the Preliminary Economic Assessment ("PEA") on its Van Dyke copper project located in Miami, Arizona. The Technical Report titled "NI 43-101 Preliminary Economic Assessment Technical Report for the Van Dyke Copper Project" dated December 18, 2015, was prepared by Moose Mountain Technical Services ("MMTS"). The authors of the report are James (Jim) H. Gray, PEng, Tracey D. Meintjies, PEng, and Susan C. Bird, MSc, PEng of MMTS who are "Qualified Persons" as defined by NI 43-101 standards. The PEA for the Van Dyke project was disclosed in a previous news release dated November 25, 2015.


Elmer B. Stewart, President and CEO of Copper Fox stated, "We are very pleased with the positive results and recommendations of the PEA. This PEA is preliminary in nature and should not be considered to be a pre-feasibility or feasibility study, as the economics and technical viability of the Van Dyke Copper Project have not been demonstrated at this time."


The PEA's recommendations that could have a significant positive impact on mine life and project economics include:



  1. A diamond drilling program to expand the size of the resource and upgrade the existing Inferred Resource;

  2. An ISL test program designed to further investigate overall metal recoveries, refine well field design, and determine the extent of rock stimulation required, if any; and

  3. Opportunities to lower capital, sustaining and operating costs by reduction in the size of the underground development and further defining operating procedures.


About Copper Fox


Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX-V: CUU) focused on copper exploration and development in Canada and the United States. Copper Fox has four primary assets as noted below:



  1. 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.

  2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.

  3. 50.97% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northern British Columbia.

  4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.


On behalf of the Board of Directors


Elmer B. Stewart, President and Chief Executive Officer


over 8 years ago
Teck to cut 1000 jobs

VANCOUVER - Mining company Teck Resources Ltd. (TSX:TCK.B) is cutting 1,000 jobs around the world through a combination of layoffs and attrition as part of a plan to reduce spending next year by $650 million.


The Vancouver-based company says the cuts will include senior management and brings its total job cuts over the past 18 months to roughly 2,000 positions.


The reduction in spending will include $350 million of capital spending reductions and deferrals and $300 million of operating cost savings


Teck also says it will withdraw its Coal Mountain Phase 2 project from the environmental assessment process and suspend further work on the project in a bid to save cash.


The suspension of the project will means that mining will end at the existing Coal Mountain operations in the fourth quarter of 2017.


The company says it look for options between now and the end of 2017 to potentially replace the 2.25 million tonnes of annual coal production that were planned from expansion project.


"We are implementing these additional measures to conserve capital, lower our operating costs and maintain financial flexibility in light of very difficult market conditions," Teck chief executive Don Lindsay said in a statement.


"These steps build on our ongoing cost reduction program and I want to thank all employees for their efforts to improve efficiency and productivity, while remaining keenly focused on safety and sustainability."

almost 9 years ago
skyaki
City
Parry Sound
Rank
Vice President
Activity Points
918
Rating
Your Rating
Date Joined
10/24/2011
Social Links
Private Message