Business
Copper Fox Announces Schaft Creek Update
Calgary, Alberta--(Newsfile Corp. - April 17, 2019) - Copper Fox Metals Inc. (TSXV: CUU) (OTC...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces Schaft Creek UpdateCalgary, Alberta--(Newsfile Corp. - April 17, 2019) - Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to provide its shareholders an update on the work completed by the Schaft Creek Joint Venture (\"SCJV\") for the Schaft Creek copper-gold-molybdenum project located in northwestern British Columbia. The Schaft Creek project is managed through the SCJV. Teck Resources Limited (\"Teck\") is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25%. Highlights: The sizing and infrastructure alternatives study initiated in 2018 was completed with positive results and a more in-depth conceptual study has been initiated.The SCJV has agreed to further evaluate the identified engineering improvements options to reduce capital and operating costs assuming a 130 ktpd (same as the 2013 feasibility study) throughput case.In addition to the planned field studies, a review of the site characteristics of potential revisions to key infrastructure elements, e.g., tailing storage, conveyance systems, ore and waste transport options, and mill location, will take place in 2019 on the basis of a 130 ktpd throughput case.Elmer B. Stewart, President and CEO of Copper Fox, stated: \"Copper Fox is pleased with the methodical advance and assessment of value opportunities from 2018 that have informed the 2019 program. Now that the sizing and infrastructure alternatives study initiated in 2018 has been completed with positive preliminary results, more in-depth study work is expected to confirm the potential capital and operating cost improvements. The collection of additional baseline environmental data and ongoing work with the Tahltan Nation is also planned.\"Elmer B. Stewart, MSc. P. Geol., 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, and has reviewed and approves the scientific and technical information disclosed in this news release.About Copper Fox:Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSXV: CUU) focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and Unite...