Welcome To the Copper Fox Metals Inc. HUB On AGORACOM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
Copper Fox Metals Inc. (TSXV:CUU2) is a Canadian resource development company that holds a joint venture with Teck Resources3 on the Schaft Creek Project in Northern British Columbia4, Canada. In addition, Copper Fox, through its wholly-owned subsidiaries, has mineral tenures located in Pinal County, Arizona (the Sombrero Butte Copper Project) and in Gila County, Arizona (the Van Dyke Copper Project).
The Schaft Creek Project is a joint venture, whereby Copper Fox owns a 25% working interest and Teck Resources Limited owns 75% and is the operator. A feasibility study on the property indicates Proven and Probable Mineral Reserves totaling 940.8 million tonnes grading 0.27% copper, 0.19 g/t gold, 0.018% molybdenum and 1.72 g/t silver containing 5.6 billion pounds of copper, 5.8 million ounces of gold, 363.5 million pounds of molybdenum and 51.7 million ounces of silver; (Recoverable CuEq 0.46%).
The Project is based on a conventional open pit mine. Ore will be mined and processed at a rate of 130,000 t/d for a 21-year life-of-mine (LOM). Ore will be processed in a conventional flotation plant, producing a copper concentrate containing gold and silver, and a separate molybdenum concentrate. The Project will require a permitting and construction period of 57 months, at an initial capital cost of Cdn$3.26 billion.