Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF) has provided an update on its 100% owned Eaglehead polymetallic porphyry copper project in British Columbia, saying logistics planning for the 2022 field program is progressing, with the drilling and archeological contracts having been executed.
The North American copper explorer and developer also noted that Moose Mountain Technical Services (MMTS) has been retained to review all data for the Eaglehead project, including the proposed 2022 drilling program.
“Positive results from the 2022 drilling program, could indicate a continuous zone of mineralization exceeding 1.5 km in strike length and potentially lead to advancing the project to the resource estimation stage,” Copper Fox Metals CEO, Elmer Stewart, said in a statement.
READ: Copper Fox unveils plans for 2022 field program at Schaft Creek project in British Columbia
“The compilation work suggests the Thibert Fault system is the main structural control on emplacement of the large, near surface zones of porphyry copper mineralization and that future exploration should be focused on this area exploring for buried porphyry mineralization in a structural setting similar to that at the Red Chris deposit,” Stewart added.
Copper Fox noted that MMTS's scope of work includes a review of the geological model, drill hole, analytical, metallurgical, and environmental data for the Eaglehead project, while also providing guidance on data collection and drill hole locations to optimize the drilling program.
It added that the overall objective of MMTS's work is to determine, if at the end of the 2022 drilling program, the data quality and quantity is sufficient to allow Copper Fox to proceed to commission an independent resource estimate, should it decide to do so.
The company also revealed that age dating of the granodiorite and quartz diorite phases of the Eaglehead intrusive yielded comparable ages to other calc-alkalic porphyry copper systems in British Columbia.
Copper Fox also reported that the first installment on the promissory note ($340,000), pursuant to the Eaglehead Property Acquisition Agreement, was made on April 19, 2022.
Copper Fox focuses 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 Sean at sean@proactiveinvestors.com