Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF) has completed the last five of 11 drill holes as part of its 2022 metallurgical drill program on the Schaft Creek project, with analytical results showing that it intersected copper-gold-molybdenum-silver mineralization across a range of grades representative of the project life of mine for metallurgical test work.
The Schaft Creek deposit in northwestern British Columbia is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products.
"The mineralized intervals from drill holes in the Liard zone reported in this news release further extend the continuity of previously reported zones of near-surface higher-grade mineralization between existing drill holes within the Liard zone,” Elmer B Stewart, president and CEO of Copper Fox said in a statement.
READ: Copper Fox Metals reports on progress made as it releases 2022 financial and operations results
“Paramount zone drill hole, SCK-22-457 demonstrated an interval of higher-grade copper-gold-molybdenum-silver mineralization representative of mineralization within the Paramount zone. With all analytical results from the 2022 metallurgical drilling program in hand, sample selection for metallurgical test work has commenced."
Highlights
- DDH SCK-22-456 in the Liard zone intersected 144.70 metres (m) grading 0.442% copper, 0.552 grams per ton (g/t) gold, 0.032% molybdenum and 3.46 g/t silver (CuEq 0.778%) starting at 112.30m downhole. This interval includes 70.30m of 0.670% copper, 0.859 g/t gold, 0.043% molybdenum and 5.41 g/t silver (CuEq 1.180%) starting at 116.70m.
- DDH SCK-22-457 in the Paramount zone intersected 270.00m grading 0.371% copper, 0.090 g/t gold, 0.054% molybdenum and 1.60 g/t silver (CuEq 0.520%) starting at 377.0m downhole. This interval includes 45.63m of 0.442% copper, 0.095 g/t gold, 0.088% molybdenum and 1.63 g/t silver (CuEq 0.656%) starting at 377.00m and 90.00m of 0.447% copper, 0.106 g/t gold, 0.058% molybdenum and 1.82 g/t silver (CuEq 0.612%) starting at 536.00m.
Liard Zone
Drill holes SCK-22-456, and DDH SCK-22-460 intersected broad intervals (ranging from 14.15m to 70.30m) of near-surface higher-grade copper-gold-molybdenum-silver mineralization. These mineralized intervals further extend the lateral continuity of near-surface higher-grade mineralization zones reported in 2021 between existing drill holes within the Liard zone. The last sample at the bottom of DDH SCK-22-456 returned 0.127% Cu, 0.107g/t Au, 0.001% Mo and 0.73g/t Ag.
Paramount Zone
DDH SCK-22-457 intersected a 270.00m interval of higher-grade mineralization starting at a depth of 377.00m. This deeper interval of higher-grade copper-gold-molybdenum-silver mineralization is representative of mineralization within the Paramount zone. The last sample in this drill hole returned 0.127% Cu, 0.049g/t Au, 0.002% Mo and 0.57g/t Ag.
West Breccia Zone
DDH SCK-22-459 was completed to a depth of 46.00m. The mineralized interval reported in the above table includes a 9.00m interval (from 15.00m to 24.00m) for which no core was recovered. The last sample in DDH SCK-22-459 contained 0.231% Cu, 0.082g/t Au, 0.002% Mo and 1.20g/t Ag.
The Schaft Creek project is managed through the Schaft Creek Joint Venture (SCJV). Teck Resources Limited is the operator of the SCJV and holds a 75% interest, with Copper Fox holding the remaining 25% interest.
Copper Fox is a Tier 1 Canadian resource company focused on copper exploration and development in Canada and the United States.
Contact the author at jon.hopkins@proactiveinvestors.com