Copper Fox (TSXV:CUU) announced that they have filed that a positive feasibility study for the Schaft Creek Deposit.
As quoted in the press release:
The Company has delivered a copy of the completed positive Feasibility Study to Teck Resources Limited .Teck is reviewing the Feasibility Study and is discussing with the Company its earn back options available under the “Teck Option Agreement” dated January 1, 2002. There can be no assurance that these discussions will lead to Teck exercising any of its earn back options nor that the Company and Teck will enter into a definitive joint venture agreement as contemplated under the Teck Option Agreement.
Copper Fox’s President and CEO, Elmer Stewart, said:
The filing of the positive Feasibility Study and commencement of our discussions with Teck related to its earn back rights are significant milestones for the Schaft Creek project. We look forward to these discussions regarding Teck’s possible future involvement in the Schaft Creek project. In the meantime, the Company will continue its work on the Schaft Creek project toward completion of the Environmental Assessment Application and establishing the work programs to assess the economic benefit to the Schaft Creek project of additional drilling to upgrade the inferred resources located within the pit shell and additional metallurgical testwork to increase metal recoveries.