Copper Fox Metals Inc (TSX-V: CUU, OTCQX: CPFXF), through its wholly-owned subsidiary Desert Fox Copper Inc, provides an update on recent activities and plans for its wholly-owned Van Dyke On-site Copper Recovery (ISCR) Did. ) The project is located in the Grove Miami Mining District in Gila County, Arizona.
Copper Fox President and CEO Elmer B Stewart said in a statement: Install water sampling and hydrogeological monitoring stations.
“In addition to ongoing remediation of selected boreholes, mineralogical, dissolution and geotechnical studies will be conducted utilizing samples currently stored in our Miami, Arizona office. We are honored to be working with the town of Mining to preserve the mining history of the Grove-Miami Mining District.”
Read: Copper Fox Metals outlines 2023 exploration plans for Mineral Mountain Copper Project
The 2020 Preliminary Economic Assessment (PEA) of the Van Dyke Project, prepared in accordance with National Instrument 43-101, has an after-tax net present value (NPV) of USD 644.7 million and an internal rate of return (IRR) of 43.4%. showed that there is , based on his 17-year mining life using a copper price of US$3.15 per pound. The PEA recommended advancing the project to the Pre-Feasibility Stage (PFS).
Based on this recommendation, the company proceeded with Phase I of its hydrogeological monitoring and testing program along with other activities.
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- Downhole camera surveys have determined that four of the historical boreholes surveyed are suitable for further exploration.
- Additional work planned at these drill holes includes drill hole surge, bail, pump testing, and water sampling for analytical purposes.
- Mineralogical, solubility, whole-rock, and trace element studies are planned to test chemical changes arising from mineral solubility and leaching processes throughout the sediment.
- Uniaxial compressive strength (UCS) tests on samples from the Gila Conglomerate are planned to obtain geotechnical data on the ground support requirements associated with the project’s proposed underground access.
- Copper Fox was instrumental in restoring the Keystone Stairs. Historic Landmark in Miami, Arizona, by donating superficies to a small parcel of land owned by Desert Fox Van Dyke Co.
Copper Fox is a Canadian Tier 1 resource company focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly-owned Canadian and U.S. subsidiaries are 100% ownership of the Van Dyke copper oxide project in Miami, Arizona and his 25% ownership of the Schaft Creek joint venture with Teck Resources Limited. Equity. The Schaft Creek Copper-Gold-Molybdenum-Silver project located in northwestern British Columbia.
Please contact the author at jon.hopkins@proactiveinvestors.com
