Copper Fox is a Canadian based resource company with a Tier 1 listing on the TSX-Venture Exchange (TSX-V: CUU). The Company is focused on the exploration and development of copper projects in North America. Copper Fox's corporate office is located in Calgary, Alberta. Copper Fox's wholly owned subsidiaries are Desert Fox Copper Inc. ('Desert Fox') and Northern Fox Copper Inc. ('Northern Fox'). Desert Fox holds all the assets of Copper Fox located in the United States and Northern Fox holds the investment in Carmax Mining Corp. ('Carmax'). Desert Fox has established an office in Miami, Arizona to support the work being completed on the Van Dyke oxide copper deposit.
Copper Fox's primary assets are:
- a) 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited ('Teck') on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia,
- b) 100% ownership of the Van Dyke oxide copper deposit located in Miami, Arizona, and
- c) 42.09% of the shares of Carmax Mining Corp. who in turn own the Eaglehead copper-molybdenum-gold project located in northern British Columbia.
The Schaft Creek Joint Venture holds two main assets;
- i) the Schaft Creek copper/gold/molybdenum/silver project located in northwestern British Columbia and
- ii) a 78% equity interest in Liard Copper Mines Ltd. ('Liard'). Liard holds a 30% Net Proceeds Interest in the Schaft Creek project.
Copper Fox also holds 1.55% of the shares of Liard outside the Schaft Creek Joint Venture. The Schaft Creek feasibility study completed in January 2013, included a 130,000 tonne per day flotation processing/open pit mine with a Proven and Probable Reserve of 940.8 million tonnes grading 0.27% copper, 0.19 g/t gold, 0.018% molybdenum and 1.72 g/t silver; over a 21 year mine life with contained metal of 5,611.7 million pounds of copper, 5.8 million ounces of gold, 363.5 million pounds of molybdenum and 51.7 million ounces of silver.
The Schaft Creek deposit hosts a Measured and Indicated Resource of 1,228.6 tonnes grading 0.26% copper, 0.017% molybdenum, 0.19 g/t gold and 1.69 g/t silver and a 597.2 million tonne Inferred Resource grading 0.22% copper, 0.016% molybdenum, 0.17 g/t gold and 1.65 g/t silver. The above stated Proven and Probable Reserves for the Schaft Creek project are included within the stated Measured and Indicated Resources for this project.
hold mineral tenures located in Pinal County, Arizona (the 'Sombrero Butte Copper Project') and in Gila County, Arizona (the 'Van Dyke Copper Project'), both located in the Arizona porphyry copper belt. Desert Fox owns 100% of the interest in the Van Dyke oxide copper deposit which is considered to be an advanced stage project. The majority of Desert Fox's current activities are focused on the Van Dyke oxide copper deposit with the objective to complete the verification drilling and other test works required to determine if the data supports a Preliminary Economic Assessment ('PEA') technical report for the Van Dyke project.
hold the 42.09% equity ownership of Carmax, a public company incorporated under the Canada Business Corporations Act. Carmax owns 100% of the Eaglehead property an advanced copper-molybdenum-gold project located in northwestern British Columbia. The Eaglehead project hosts a current Inferred Mineral Resource of 102.5 million tonnes grading 0.29% copper, 0.01% molybdenum and 0.08 g/t gold containing 662 million pounds of copper, 22 million pounds of molybdenum and 265,000 ounces of gold.