Copper Fox's advantage is based on a number of factors all of which relate directly to the probability of success in the mineral industry. Our Advantage can be summed up as follows:
a) Management with considerable experience in exploration and mining operations,
b) Balanced portfolio of exploration and technically advanced projects in proven mining districts,
c) Projects are located in politically stable and mining friendly jurisdictions, and
d) A corporate strategy based on a solid understanding of what makes a successful project.
Copper Fox's assets are located in proven mineral provinces referred to as the "Golden Triangle" in British Columbia and in the "Laramide Copper Province" in Arizona, both mining friendly and geopolitical stable jurisdictions. These mineral provinces host some of the largest polymetallic porphyry copper deposits and mining districts in North America. Through its 39.5% ownership in District Copper Corp., Copper Fox has indirect exposure to copper and gold exploration in the Eaglehead project in British Columbia.
Since 2013, Copper Fox has, through exploration and acquisitions, significantly increased its "in the ground" resources of copper-gold-molybdenum and silver and Net Asset Value per share. Our experience in exploration and mining operations provides Copper Fox the ability to acquire, explore and incrementally increase project value utilizing accepted industry standards and methods.
The Company's "in ground resources" are set out in Table-1 below. These represent Copper Fox's 25% interest in the Schaft Creek Joint Venture and its 100% owned Van Dyke project, both supported by National Instrument 43-101 Technical Reports. The mineralization in both the Schaft Creek and Van Dyke deposits are open to extension. These projects have a number of other mineralized targets that have not been delineated. The Sombrero Butte and Mineral Mountain projects are early stage exploration projects. Positive exploration results could lead to a new discovery on one of the other projects held by Copper Fox.
Compared to other companies in the exploration/development space, Copper Fox has mitigated its project risk by accumulating a balanced portfolio of copper projects, some with by-product credit metals to enhance project economics.
Table-1: Copper Fox share of metal contained in various reserve and resource categories.
1: Technical Report "Feasibility Study on the Schaft Creek Project, BC, Canada", dated January 23, 2013, prepared by Tetra Tech, A. Farah, P.Eng.; et al as Qualified Persons; at 0.15% CuEq cut-off. Reserves reported at $6.60/tonne net smelter return (NSR) cut-off.
2: "Technical Report and Resource Estimation for the Van Dyke Copper Project", dated January 30, 2015 prepared by Moose Mountain Technical Services, S. Bird, P.Eng and R. Lane, P.Geo as Qualified Persons; at 0.05% TCu cut-off.
Above stated Proven and Probable Reserves are included in the Measured and Indicated Resources reported for the Schaft Creek Project.
Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
Table-2: Copper Fox share of metal holdings expressed in terms of Copper Equivalent and Gold Equivalent.
Notes to accompany estimation of copper equivalent and gold equivalent.
|Measured & Indicated
CuEq based on copper content and 100% credit for other metals. AuEq based on Gold content plus 100% credit for other metals. Metal prices $US2.50/lb Cu, $US1,250.00/oz Au, $US$9.00/lb Mo and $US16.00/oz Ag. Numbers are rounded to follow "Best Practice Principles".