Copper Fox Provides Update on Schaft Creek Project
Copper Fox Metals Inc. provides an update on the Schaft Creek project, managed through a joint venture with Teck Resources The 2024 program, budgeted at C$18.7 million, focuses on technical investigations and environmental baseline studies. Key highlights include:
1. Completion of a 2,472-meter geotechnical drilling program
2. Extension of mineralization in the Paramount zone by 250 meters
3. Ongoing metallurgical testwork, including lock cycle testing
4. Continuation of environmental baseline data collection
5. Camp upgrades to support future programs
The project aims to progress towards the Prefeasibility Study stage, with a focus on optimizing process plant design and evaluating potential changes to the proposed milling flow sheet.
Copper Fox Metals Inc. fornisce un aggiornamento sul progetto Schaft Creek, gestito attraverso una joint venture con Teck Resources. Il programma per il 2024, con un budget di C$18,7 milioni, è incentrato su indagini tecniche e studi ambientali di base. Le principali novità includono:
1. Completamento di un programma di perforazione geotecnica di 2.472 metri
2. Estensione della mineralizzazione nella zona Paramount di 250 metri
3. Lavori di test metallurgico in corso, comprese le prove di ciclo bloccato
4. Continuazione della raccolta di dati ambientali di base
5. Aggiornamenti al campo per supportare i programmi futuri
Il progetto punta a progredire verso la fase di Studio di Prefattibilità, con un focus sull'ottimizzazione del design dell'impianto di processo e sulla valutazione di possibili modifiche al flusso di macinazione proposto.
Copper Fox Metals Inc. proporciona una actualización sobre el proyecto Schaft Creek, gestionado a través de una empresa conjunta con Teck Resources. El programa para 2024, con un presupuesto de C$18.7 millones, se centra en investigaciones técnicas y estudios de línea base ambiental. Los aspectos más destacados incluyen:
1. Finalización de un programa de perforación geotécnica de 2,472 metros
2. Extensión de la mineralización en la zona Paramount en 250 metros
3. Trabajo de pruebas metalúrgicas en curso, incluyendo pruebas de ciclo bloqueado
4. Continuación de la recolección de datos ambientales de línea base
5. Mejoras en el campamento para apoyar futuros programas
El proyecto tiene como objetivo avanzar hacia la fase de Estudio de Prefactibilidad, con un enfoque en optimizar el diseño de la planta de procesos y evaluar posibles cambios en el esquema de flujo de molienda propuesto.
Copper Fox Metals Inc.는 Teck Resources와의 조인트 벤처를 통해 관리되는 샤프트 크릭 프로젝트에 대한 업데이트를 제공합니다. 2024년 프로그램은 C$18.7 백만의 예산을 가지고 있으며, 기술 조사 및 환경 기준 연구에 중점을 두고 있습니다. 주요 내용은 다음과 같습니다:
1. 2,472미터 지질공학 드릴링 프로그램 완료
2. 파라마운트 구역의 광물화 250미터 연장
3. 잠금 사이클 테스트를 포함한 계속 진행 중인 금속시험 작업
4. 환경 기준 데이터 수집 지속
5. 향후 프로그램을 지원하기 위한 캠프 업그레이드
이 프로젝트는 공정 설계 최적화와 제안된 밀링 흐름도 변경 평가에 중점을 두고, 예비 타당성 조사 단계로 나아가기를 목표로 합니다.
Copper Fox Metals Inc. fournit une mise à jour sur le projet Schaft Creek, géré par le biais d'une coentreprise avec Teck Resources. Le programme 2024, budgeté à C$18,7 millions, se concentre sur des enquêtes techniques et des études de base environnementales. Les points clés comprennent :
1. Achèvement d'un programme de forage géotechnique de 2 472 mètres
2. Extension de la minéralisation dans la zone Paramount de 250 mètres
3. Tests métallurgiques en cours, y compris des tests de cycle verrouillé
4. Poursuite de la collecte de données environnementales de base
5. Améliorations du camp pour soutenir les futurs programmes
Le projet vise à progresser vers l'étape de l'Étude de Pré-faisabilité, avec un accent sur l'optimisation de la conception de l'usine de traitement et l'évaluation de modifications potentielles du flux de broyage proposé.
Copper Fox Metals Inc. gibt ein Update zum Schaft Creek Projekt, das in einer gemeinsamen Unternehmung mit Teck Resources verwaltet wird. Das Programm für 2024, mit einem Budget von C$18,7 Millionen, konzentriert sich auf technische Untersuchungen und Umweltbasisstudien. Wichtige Highlights sind:
1. Abschluss eines 2.472 Meter geotechnischen Bohrprogramms
2. Erweiterung der Mineralisation in der Paramount-Zone um 250 Meter
3. Laufende metallurgische Tests, einschließlich Sperrzyklustests
4. Fortsetzung der Datensammlung zur Umweltbasis
5. Lagerplatz-Upgrades zur Unterstützung zukünftiger Programme
Das Projekt zielt darauf ab, in die Phase der Vorabstädtischen Studie überzugehen, mit dem Fokus auf die Optimierung des Entwurfs der Prozessanlage und die Bewertung potenzieller Änderungen des vorgeschlagenen Mahlflussdiagramms.
- Completion of 2,472-meter geotechnical drilling program
- Extension of mineralization in the Paramount zone by 250 meters
- Progression of metallurgical testwork with encouraging preliminary indications
- Camp upgrades to support future programs of up to 85 people
- Potential optimization of process plant design and milling flow sheet
- Results of metallurgical testwork and geotechnical drilling not yet fully analyzed
- Project still in pre-feasibility stage, requiring further studies and investments
Calgary, Alberta--(Newsfile Corp. - September 24, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to provide an update on the Schaft Creek project. The Schaft Creek project is managed through the Schaft Creek Joint Venture (SCJV). Teck Resources Limited (Teck) is the Operator of the SCJV and holds a
The 2024 program (see news release dated February 29, 2024) is budgeted at C
Highlights
The 2024 Geotechnical Drilling Program has been completed with 6 drillholes totalling 2,472 meters (m).
Three of the six geotechnical holes intersected significant intervals of porphyry style mineralization.
The mineralization intersected in DDH SCK-24-472 extended the hydrothermal breccia of the Paramount zone approximately 250 m to the north.
Lock cycle testing of the rougher concentrate samples is underway. The metallurgical testwork is expected to be completed by the end of Q4 2024.
Environmental Baseline data collection continues with surface and ground water sampling and hydrological measurements taken on a monthly basis as well as meteorology, fish and glacial surveys.
Archaeology investigations were conducted in the area around the proposed Tailing Management (TMF) and Rock Storage (RSF) facilities.
Final reports on the 2023 Environmental Baseline programs are under review.
Camp upgrades have been completed to support future programs of up to 85 people, including the commissioning of the solar and battery power system.
Elmer B. Stewart, President, and CEO of Copper Fox, stated, "The field portion of the 2024 program for the Schaft Creek project was completed mid-September. The program provided additional information in the areas where geotechnical data gaps existed and extended the mineralization in the Schaft Creek deposit to the north. The results of the metallurgical testwork program are critically important to surfacing additional value in the project and could also have potential positive implications on the project's mill design. The metallurgical testwork has progressed to lock cycle testing. Preliminary indications from the testwork to date are encouraging, however completion of the entire planned metallurgical testwork program is necessary to better understand the metallurgical performance of the mineralization and optimize the processing flow sheet design."
Geotechnical Investigation
The 2024 Geotechnical Drilling Program consisted of six holes in total and collected data at various locations across the proposed pit, filling in gaps identified in the 2023 Geotechnical Study. The 2024 geotechnical data will be incorporated into the project database and reviewed to determine if the quality of the dataset is sufficient to meet the threshold for a Prefeasibility Study.
Three of the six geotechnical drillholes intersected significant intervals of porphyry style mineralization. The mineralization intersected in DDH SK-24-472 extended the mineralized envelope in the Paramount zone approximately 250 m to the north. Analytical results from the geotechnical drilling program will be released upon receipt.
Metallurgical Testwork Update
The metallurgical testwork has progressed to the point where the initial interpretation of rougher concentrate samples has been completed and lock cycle testing of the rougher concentrate samples has commenced. Results of the lock cycle testing is expected to better inform potential changes to the proposed milling flow sheet set out in the 2021 Schaft Creek PEA with potential implications to the mill design, capital expenditures and throughput.
The preliminary indications from the testwork to date are encouraging. The planned testwork program is required to be completed before a characterization of metallurgical performance of the Schaft Creek deposit can be completed. The metallurgical testwork results are expected to enable optimization of the process plant design.
Q4 Focus
For the balance of 2024, the SCJV plans to complete the following activities:
a) Field verification of the structural geology model for the Schaft Creek deposit to support pit slope stability modelling,
b) Completion of the geometallurgical testwork followed by interpretation of the results,
c) Initiate a review of the project to determine if the data quality and density is sufficient to transition the project to the Prefeasibility Study stage,
d) Continue to advance engagement with the Tahltan leadership, and
e) Apply for a new Multi Year Area Based ("MYAB") permit to conduct future field operations.
Qualified Person
Elmer B. Stewart, MSc. P.Geo., President, and CEO of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the scientific and technical information disclosed in this news release.
About Copper Fox
Copper Fox is a Tier 1 Canadian resource company focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned subsidiaries being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
For additional information contact: Fidel Montegu at 1-844-464-2820 or investor@copperfoxmetals.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects" and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements regarding results and recommendations of the geotechnical drilling program; collection of geotechnical, metallurgical, environmental data; advancing community engagement; preliminary results of grinding and copper recoveries: and continuing studies related to the metallurgical testwork program.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions, regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: results and recommendations of the geotechnical drilling program may not be accurate; the recommendation from the geotechnical drilling may not be completed; collection of geotechnical, metallurgical, environmental data; advancing community engagement may not be completed as expected or at all; preliminary results of grinding and copper recoveries may not be accurate: and the continuing studies related to the metallurgical testwork program may not be completed as expected or at all.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224318
FAQ
What is the budget for the 2024 Schaft Creek project program?
How many meters were drilled in the 2024 Geotechnical Drilling Program for CPFXF?
What is the current stage of metallurgical testwork for the Schaft Creek project?
How far was the mineralization extended in the Paramount zone of the Schaft Creek deposit?
