A Tier 1 TSX Venture Company
TSX.V: CUU
$0.13

Corporate

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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 65.4% 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. 65.4% 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. an 85.5% 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 "Mineral Mountain Copper Project") and in Gila County, Arizona (the "Van Dyke Copper Project"), all of which are located in the Laramide porphyry copper belt in Arizona.

Desert Fox completed a Preliminary Economic Assessment ("PEA") on its 100% owned Van Dyke Copper Project in December 2015. The PEA shows that Van Dyke is a robust project with a pre-tax-NPV (8%) of $US213.1 million and an Internal Rate of Return of 35.5%. Completion of a Pre-Feasibility Study, that is estimated to cost $US16.6 million, has been recommended.

The Sombrero Butte Copper Project is located approximately 10 miles east of the former San Manuel/Kalamazoo copper mine (reported production 14 billion pounds copper) and 2 miles south of the Copper Creek copper deposit (reported resources of 7 billion pounds copper) held by Redhawk Resources. The exploration target at Sombrero Butte project is a 4,000 metre ("m") long alteration halo with Cu-Mo vein style mineralization in outcrop that is underlain by a strong chargeability/resistivity anomaly. The exploration target combined with the 40 mineralized breccia pipes that outcrop on surface are indicative of a buried porphyry copper deposit.

The Mineral Mountain Copper Project is located 15 miles east of Florence in central Arizona. This project lies on a 60 mile long structural lineament that host four large copper deposits including Casa Grande, Florence, Resolution and Miami Globe. The project covers the interpreted surface expression of a buried porphyry copper system hosted in Laramide age granodiorite and quartz monzonite intrusive rocks and PreCambrian Pinal Schist, diabase and granite. Three large copper-molybdenum-gold-silver geochemical anomalies with coincident proximal sericite and distal propylitic alteration have been delineated. Mineral Mountain is an early stage exploration project in the Laramide copper province in Arizona; one of the most prolific copper areas in the world.

Northern Fox holds the 65.4% 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.  

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