Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF) has provided investors with an update of activities on the Schaft Creek copper-gold-molybdenum-silver project in northwestern British Columbia as it prepares for its 2022 field program.
Copper Fox, which is a 25% partner in the Schaft Creek Joint Venture (SCJV) along with 75%-owner and operator Teck Resources Limited, said preparations are underway for the planned 5,000-metre summer drill program.
"In addition to planning for the 2022 field program, the SCJV is advancing several initiatives to deliver into the overall 2022 program objectives,” the company’s president and CEO Elmer Stewart said in a statement. “The results of these activities will guide the geotechnical program, align the environmental program to regulatory requirements, and expand consultation with the Tahltan Nation on advancing the Schaft Creek project."
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Copper Fox said other activities the SCJV is busy with, include:
- Completing geotechnical analysis and updating the structural geology interpretation to inform the 2022 and 2023 geotechnical program scope to identify opportunities to further decrease the Life of Mine strip ratio and strengthen base case overall pit slope design criteria
- Completing rock geochemistry analysis to confirm the scope of the 2022 field program
- Finalizing metallurgical test work contract to process samples from the 2021 and 2022 drilling program
- Refining the 2022 environmental baseline data collection activities to reflect the updated project configuration and current regulatory requirements
- Strengthening its 2022 engagement plan with the Tahltan Nation
“These activities are focused on further defining and confirming value-add opportunities to inform a decision on initiation of a potential future pre-feasibility study,” Stewart concluded.
Copper Fox is focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly-owned Canadian and US subsidiaries are the 25% interest in the SCJV with Teck Resources on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.
Contact the author at stephen.gunnion@proactiveinvestors.com