Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF) said a high-resolution airborne magnetic and radiometric survey on its 100% owned Mineral Mountain copper project east of Florence, Arizona has identified two new exploration targets.
The airborne data maps the geophysical characteristics related to the distribution and concentrations of magnetic minerals and radioactive elements within the project area.
"The strong spatial correlation between the copper-molybdenite mineralization, chargeability anomaly, alteration pattern and interpreted late-stage felsic intrusives all located within the large, Th/K anomaly provides significantly better information on which to base a future drilling program,” Elmer B Stewart, president, and CEO of Copper Fox said in a statement.
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“These features and estimated depth to the top of the higher chargeability signature is consistent with features of a buried porphyry system and compliment the geochemical vectoring study completed in 2019.”
Copper Fox highlighted the following data from the survey:
- The Laramide age intrusive exhibits a positive magnetic signature which dips to the east under the Precambrian age two mica granite;
- Three distinct bodies of higher magnetic intensity, interpreted to be late stage felsic intrusives, are located along the eastern and northern portions of the Laramide/Precambrian contact;
- The 2,900 meter (m) long by 1,300m wide positive chargeability anomaly identified in 2021 transitions to a stronger chargeability signature at depths ranging from 250m in the northeast end to a depth of 400m at the southwest end of the survey area. The interpreted late stage felsic intrusives are located within the stronger chargeability signatures;
- The chargeability anomaly, late-stage felsic intrusives and copper-molybdenite mineralization are all located within a, strong, well defined, northeast trending positive Th/K anomaly, which is situated along the eastern and northern portions of the Laramide age intrusive;
- The survey indicates that further exploration should be completed northeast of Target #2 and identified two new exploration targets;
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 the author at jon.hopkins@proactiveinvestors.com