Copper Fox Metals Inc (TSX-V:CUU, OTCQX:CPFXF), through its wholly-owned subsidiary Northern Fox Copper Inc, said it has suspended plans to complete the proposed 2,500-metre (m) drilling program on its 100% owned Eaglehead polymetallic porphyry copper project
The project, approximately 50 kilometers (km) east of Dease Lake, British Columbia, covers a large portion of the Lower Jurassic age, Eaglehead stock.
“The delay in receipt of the permit to conduct the drilling program has been an extremely frustrating exercise,” Elmer B. Stewart, president and CEO of Copper Fox said in a statement.
READ: Copper Fox Metals releases results of Biological Evaluation at Van Dyke Copper Project; plans to commence Phase 1 activities
“Since filing the NoW (Notice of Work) in early February 2022 Copper Fox has maintained contact with the Ministry of Energy, Mines and Low Carbon Innovation on the status and have been advised that they are unable to guarantee a timeline on our NoW. Given the remote nature of the camp/drilling location, the need for helicopter support and the onset of winter weather conditions, regrettably, Copper Fox has opted to delay the drilling program for this year," he added.
Summary of activities:
- Approval for the Notice of Work to conduct the proposed drilling program is pending.
- Sampling of mineralized intervals (chalcopyrite +/-bornite-molybdenite) in 10 historical drill holes has been completed.
- A draft of the 2022 Archaeological survey report has been received; one site of interest has been identified in the alpine approximately 2.8 km north of the proposed drilling area.
- The survey concluded that no archaeological resources or areas of archaeological potential were identified within the access road and drill pad locations and the program may proceed as proposed.
- Mapping has located copper mineralization over a 300m by 200m area southwest of the Bornite zone.
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 United States subsidiaries are the 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona and the 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.
Contact the author at jon.hopkins@proactive.com