Copper Fox holds various working interest in four properties and a 60.4% equity interest in Carmax Mining Corp.:
25% carried 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. A NI 43-101 Technical Report was completed on this project in 2013. The Schaft Creek Joint Venture is currently updating the resource model for the Schaft Creek deposit, incorporating the work completed by Teck since 2013.
100% ownership of the Van Dyke oxide copper In-Situ Leach project located in Miami, Arizona. A NI 43-101 Preliminary Economic Assessment Technical Report was completed on this project in 2015. The study forecast a robust after tax NPV and IRR and completion of a Preliminary Feasibility Study was recommended. Activities are underway to obtain a Class III UIC and APP permits for the project.
100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona. Copper Fox has not completed a NI 43-101 Technical Report on this project. Two drill ready targets have been delineated.
100% ownership of the Mineral Mountain copper project located east of Florence, Arizona. Copper Fox has not completed a NI 43-101 Technical Report on this project. A large (1,100m by 900m) zone of copper-molybdenum-gold-silver mineralization located withing a regional scale phyllic alteration 'footprint' was delineated in 2016.
Copper Fox owns 60.4% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northwestern British Columbia. Copper Fox completed a NI 43-101 Technical Report on this project in 2017 that concluded the project is at the early to intermediate stage of exploration and hosts a calc-alkalic porphyry copper-molybdenum-gold-silver system of significance. A multi-parameter exploration program, estimated to cost $4,95 million, is warranted to more fully evaluate the potential of the project.