COMPANY: Copper FoxLOCATION: NE BCThe porphyry copper deposit at Schaft Creek comprises a large 'porphyry copper' resource. 1,393 billion tonnes of measured & indicated resources at a 0.20% copper equivalent cutoff including:
- 4.76 billion pounds Copper at 0.25%
- 4.5 million troy ounces gold at 0.18 gpt
- 255.2 million pounds molybdenum at 0.019%
- 32.5 million troy ounces silver at 1.55 gpt.
A National Instrument 43-101 report by Associated Geoscientists Ltd. dated June 22,2007 indicate mine and mill recoveries of 91% for Copper, 63% for Molybdenum, 76% for Gold and 80% for silver. The property is in the valley of Schaft Creek, in the Liard Mining Division of northwestern British Columbia, Canada. The land position includes 20,932 hectares with an option to buy up to 93.4% of Schaft Creek from Teck Cominco. Its geographic location is latitude 57 degrees 40' north, longitude 131 degrees 57' west. The location is 61 Km south of the village of Telegraph Creek, (population 300), 120 Km southwest of Dease Lake (population 800), 70 Km west north west of Bob Quinn and 1,040 Km north of
Vancouver, BC. MMTS prepared 43-101 compliant PEA mine plan
MMTS is currently assisting Copper Fox Metals prepare a Preliminary Feasibility Study.
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