A Tier 1 TSX Venture Company
TSX.V: CUU
$0.17

Corporate

Show printable version of 'About Us' item in a New Window

About Us

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 Canada and the United States. Copper Fox's corporate office is located in Calgary, Alberta with an operations office in Miami, Arizona. 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 50.97% equity investment in Carmax Mining Corp. ("Carmax").

Copper Fox's primary assets are:
  1. 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,
  2. 100% ownership of the Van Dyke oxide copper deposit located in Miami, Arizona,
  3. 50.97% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northern British Columbia, and
  4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona

The Schaft Creek Joint Venture holds two main assets;
  1. the Schaft Creek copper/gold/molybdenum/silver project located in northwestern British Columbia and
  2. a 78% equity interest in Liard Copper Mines Ltd. ('Liard'). Liard holds a 30% Net Proceeds Interest (subject to certain terms and conditions) in the Schaft Creek project.

Copper Fox also holds 1.55% of the shares of Liard outside the Schaft Creek Joint Venture.

The Technical Report (Feasibility Study on the Schaft Creek Project BC., Canada) completed in January 2013, considered the feasibility of 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 Technical Report indicated that the Net Present Value ("NPV") and Internal Rate of Return ("IRR") for the Schaft Creek deposit were positive. The Technical Report also noted that these two economic parameters were most sensitive to the Foreign Exchange ("FOREX") between the Canadian and United States dollar and the price of copper. In addition to the FOREX and price of copper several other potential economic enhancements were also identified for the Schaft Creek project.

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.

Desert Fox holds 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 project which is considered to be an advanced stage project. Desert Fox is currently working on completing a Preliminary Economic Assessment ("PEA") for the Van Dyke project. The PEA is a conceptual study that would include an independent preliminary engineering assessment, operating costs, capital and sustaining costs, a conceptual plan on the development and operations of the Van Dyke oxide copper deposit as well as a number of recommendation for further work should the results of the PEA indicate that further work is warranted.

Desert Fox's other activities are focused on the Sombrero Butte copper project. This project has a 4,000 metre ("m") long alteration halo with Cu-Mo vein style mineralization in outcrop and 40 mineralized breccia pipes that outcrop on surface, features indicative of a buried porphyry copper deposit. Desert Fox is currently finalizing the details of an Induced Polarization ("IP") survey to explore the project for chargeability or resistivity anomalies normally associated with porphyry copper deposits.

Northern Fox holds the 50.97% equity ownership of Carmax, a public company listed on the TSX --Venture Exchange. 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.  

follow us

Receive email updates
from Copper Fox Metals
RSS feedLegal NoticeSite Map
Designed and popwered by Adnet