Copper Fox Metals (TSXV:CUU) has acquired two new groups of mineral tenures, including one inside the Schaft Creek copper-gold-molybdenum-silver project in northern British Columbia and, for the second, increases the size of the Sombrero Butte copper project.
As quoted in the press release:
Highlights: a) Schaft Creek claims – 487.99 hectares (4 mineral tenures) located within the Schaft Creek project. These mineral tenures cover the western side of the projected Schaft Creek Mineral Trend. These mineral tenures are subject to the Option Agreement with Teck Resources Limited (“Teck”), and; b) Sombrero Butte Claims – 183.94 hectares (22 mineral tenures) along the western side of the Sombrero Butte project to cover the projected extension of previously known copper mineralized breccia pipes located within the project.
Copper Fox’s President and CEO, Elmer Stewart, said:
The purpose for the acquisition of these mineral claims at Schaft Creek is to provide additional coverage of the interpreted extension of the Schaft Creek mineral trend and infrastructure purposes. The additional mineral claims for the Sombrero Butte project expand the Company’s acreage around the mineralized diamond drill holes completed in 2008 and mineralized breccia systems located within the property located in this historical mining district which is currently experiencing a substantial increase in the level of exploration activity.