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:
1) Management team with prior experience in exploration and mining operations.
2) Balance portfolio of projects in proven mining districts.
3) Operations in geopolitical stable and mining friendly jurisdictions.
4) 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 ownership in Carmax, Copper Fox indirectly has exposure to copper and gold exploration on their projects in British Columbia and Ontario.
Over the past six years Copper Fox has, through exploration and acquisitions, significantly increased its "in the ground" resources of copper-gold-molybdenum and silver. In addition to adding considerably to its metal holdings, Copper Fox, through the acquisition and exploration of the Van Dyke project, has increased its Net Asset Value per share.
Our ability to evaluate and acquire projects of merit and through exploration to significantly increase resources and incremental value based on industry methods is a function of the experience level of its management team.
The Company's "in ground resources" are set out in Table-1 below. This represents 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 and these projects have a number of other mineralized targets that have not been delineated. Positive exploration results could expand the resource base on these projects and 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.